One lesson I keep repeating to people
Your goal isn’t to become good at predicting the market.
Your goal is to become good at following a process.
Profits are a by-product of consistency.
Consistency is a by-product of having rules!!
Most new traders are doing things they'll regret later.
They're chasing every signal they see.
They're risking 20–50% on one trade.
They're switching strategies every week.
They're trading to impress people instead of building consistency.
They're refusing to journal because they think they won't forget.
The market has a way of teaching expensive lessons.
The traders who last are not the ones who learn the fastest, they're the ones who survive long enough to improve.
Protect your capital.
Master one strategy.
Respect risk management.
You'll either pay with discipline now or pay with money later.
As a trader, you have to know when to be defensive and when to be aggressive.
If you're not defensive, you're not going to be trading for long.
If you're not aggressive, it'll be hard for you to make money.
You don’t have to carry every burden alone. Speak to Allah about the worries you hide from everyone else. He never grows tired of listening, never misunderstands your pain, and never leaves a sincere du’a unanswered. Keep calling upon Him. He is always near.
Things society normalizes:
- $800 car payments.
- $400 credit card payments.
- Needing to work in your 60s.
What should be normal:
- No credit card debt.
- Investing every month.
- Escaping the 9-5 life early.
❝Do not be sad, because the true span of life is measured by the number of days in which you are content. Do not spend your days in grief, do not waste your nights in sorrow — for truly, Allah loves not those who are wasteful.❞