My frequency is trading has dropped over the years.
Making more money off trading than ever.
Picking and choosing my battles wisely and putting size behind it.
I will continue to improve, can always be better.
I was asked how to overcome anxiety and fear of losing trades...
For thing we must do is to remind ourselves that we alone are the one in control of entering trades. Risk is nonexistent, until we are in a position. We must have a sound model in which we employ with our trades... not impulsive hunches or copying someone else.
We must control greed and this is by limiting the number of trades we are permitting ourselves in any given metric, e.g. - per week, day or session.
We must know our self, what causes us to go off the rails, or gives us too much of an ego driven mania. This can only be discovered in a systematic desensitization process of deleveraged executions with a single model, away from the witness and influence of anyone else.
Learning to be content with enough. As humans, we tend to covet what others have or can do. Accept the fact that you are learning to read the market well, over time.
It does not happen for everyone quickly and it is absolutely normal for you to feel as if it is taking longer than you want.
Submit to it and the time you personally require. This is self-control, not denial of success.
There are no shortcuts, no matter how anyone else markets it or promises.
"Slow is smooth, smooth is fast."
If you are being honest...
You have to admit, what I am teaching, proving and executing on, is not as complicated as a small faction online would have you believe.
You can do this.
It starts with Faith, then learning the language and trusting your evolving experience.
What Makes Taking Losses Scary?
The absence of a sound trading model and impeccable Risk Management.
You fear losses, because you don't know your model, it's efficiency and yourself.
You will lose, given enough opportunities trying.
A sound model in the hands of a capable, sober-minded Trader, that employs impeccable Risk Management, prevents fear of losses; and replaces it with concern over KPI's.
The more you know...
How to “unfuck” yourself:
Step 1: Stop feeling sorry for yourself, get your mental right and turn your frustrations into rage and definiteness of mission.
Step 2: Go through an arc: what habits needs to change, who’s this new version of me? What does he look like?
Step 3: It’ll suck for a while, but this is part of the process of “unfucking”yourself. Create a routine, ignore outcomes, focus on consistency of input
Step 4: Grind until you get that one win, that’s your silver lining, build momentum from that.
The secrets to effective & consistent profitability:
1) Adhere to a simple model.
2) Know what you want to make and it feeds you, leave something on just in case you were wrong about how much more.
3) Don't ask others for opinions, analysis or tips.
4) Manage Risk impeccably - ALWAYS.
5) Don't chase new things after you found your model.
6) Allow others to hold opinions - even if they are diametrically opposed to yours.
7) Unless you run a signal service, keep your opinions to yourself.
8) Make your bread, eat and go live for the day and find ways to bless others with it.
Anything else is BS.
trading becomes easy once you remain in a flow state
reinforcing positive actions keeps you in flow
self-sabotaging actions do the opposite
your only goal is to remain in flow state
every action you take should feed this reinforcing chain
the root of 90% of your trading problems stems from emotional decision-making
your brain wants to avoid pain
your decisions are influenced by this premise
the more pain you induce, the more irrational your decisions become
the more irrational your decisions become, the worse your actions become
the quality of one decision determines the quality of the next one
following your plan
respecting risk
skipping low-quality setups
those actions compound
you feel clear, decisive, calm
when you break one rule, your flow breaks
now you’re trading from emotion because you interrupted your positive momentum
consistency is nothing more than protecting your flow state
stack good decisions
protect your mental state like you protect your capital
your job isn’t to predict every move
it’s to identify conditions where an expansion is likely, frame the bias & narrative, and find your setup within that expansion
you won’t catch all, and you don’t need to either
Tip to combat overtrading
Focus on ONE high quality sniper shot a day
If that trade is a win
Shut down your pc
Don't give it back
If it is a loss allow yourself one more high quality trade
Two losses you are done no matter what
you fail not because of your entry model, but because you start thinking about entries before understanding the context
entry = last step
bias + narrative = where 90% of your focus should be
the average ICT trader skips Mondays, bank holidays, days before news, days with news, and Fridays
basically the only high probability setup he takes is waiting for the next week
do you guys even trade?
everything is contextual, not black and white
Most of trading is sitting on your hands doing absolutely nothing.
The hard part isn't in finding trades.
It's not taking the garbage trades between the interim.
Resist that and you keep your capital.
Give in and you're broke.
here is a list explaining ICT terms if you didn’t know already
BOS - Break of structure
SSL/BSL- Sellside Liquidity / Buyside Liquidity
WO - Weekly open price
DOL - Draw of Liquidity
FPOL - First point of liquidity
FVG - Fair value gap
HTF - Higher timeframe
IPA - Inefficiency price action
KZ - Killzone
LO - London
LQ - Liquidity
LTF - Lower timeframe
MMXM - Market maker sell/buy model
MS - Market structure
NY - New York
OB - Orderblock
OF - Order flow
PA - Price action
PDH/L - Previous day high/low
PO3 - Power of 3 - Accumulation, manipulation, distribution
POI - Point of interest
PSH/L - Previous session high/low
PWH/L -Previous week high/low
PMH/L - Previous month high/low
EQ - Equilibrium 50% fib from H to L
PDEQ - Previous day equilibrium
PWEQ - Previous week equilibrium
PMEQ - Previous month equilibrium
RR - Risk to reward
RTO - Return to origin
SL - Stop loss
SMR - Smart money reversal
TDO - True daily open
TP - Take profit
BPR - Balanced price range
NWOG: New week opening gap difference between Friday's close price & Sunday's open price
NDOG: New day opening gap difference between 5pm close price & 6pm open price
C.E.- Consequent encroachment or "middle point" of any gap or inefficiency
FU - Fuck you candle, liquidity sweep, raid
AVWAP - Anchored volume weighted average price
VWAP - Volume weighted average price
VIB / GIB - Volume / Gap imbalance
Discipline is something you practice
Think of it like a muscle the more it's worked the stronger it becomes and the more you slack the weaker it gets
Each journaling session you skip...smaller discipline muscle
Each backtesting session you skip....smaller discipline muscle
Each time you break rules....smaller discipline muscle
A downward spiral begins
But an upward spiral can begin too
You show up backtest journal daily and that daily discipline falls over into your trading and the more you are disciplined with trading the easier it is to continue and BOOOM look at you an upward spiral of greatness
Make the first step