Start thinking of yourself as an elite trader.
In everything you do, do what an elite trader would.
Sleep like an elite trader.
Prepare like an elite trader.
Review like an elite trader.
Collaborate like an elite trader.
Build technology like an elite trader.
Eat like an elite trader.
Execute like an elite trader.
Risk Manage like an elite trader.
Exercise like an elite trader.
Research like an elite trader.
Build a PlayBook like an elite trader.
Be open-minded like an elite trader.
Think of yourself as an elite trader.
for a good year, all you need are a few good months
for a good month, all you need is one good week
for a good week, all you need is one good trade
focus on one good trade at a time
this is the 80/20 law in trading
20% of your trades will make 80% of your profits
the problem is that most of you expect to make money on 100% of your trades
you want to take a trade every day of the week
you force mediocre setups in between the actual good ones
instead of waiting for the few that actually matter, you dilute your edge by taking action when you shouldn’t
one good setup can pay for days of waiting
an A+ framework allows you to scale into multiple positions while keeping your open risk at 1R
one such trade can make your month
but that only works if you’re patient enough to wait
being patient is what pays
Most of you have profitable trading systems
But you keep breaking your rules, so you keep losing
Here’s how you can stop breaking your rules and finally become profitable (read this thread👇)
Sometimes it takes me a week to pass a prop firm challenge
Sometimes it takes me 3 months
You shouldn’t have a target on when you should have a challenge completed
Doing that puts you in a bad mindset of trading the prop account instead of trading the market
This is why so many people lose money when trading prop firms
Instead of staying patient and waiting for their setups - they try to pass quickly and take dumb trades to try and rush it
This tweet probably won’t go viral because this advice isn’t “sexy” - but it’s true
Start off putting all of your focus into trading
Almost every spare hour you have in your day should be working on trading
Then when you make it and are consistently profitable, bring more balance into your life
Exercise often, spend time with friends and family, travel, do fun activities when you can, start other businesses / investments
It’s hard to make it in trading if you have a ton of other things occupying your mind and time
So focus 100% on trading at the start, then get more balance in your life once you’re profitable
@Meronix15@TheFlowHorse I certainly wouldn’t advise anyone get into this business but that’s not because you can’t make money, it’s because it’s a fucking shit job
the market doesn’t care about your bias
it doesn’t care about your last loss
and it also doesn’t care that you’ve been waiting all day
your setup either shows up, or it doesn’t
this is why you overtrade
you’re trading discomfort for consistency
the discomfort of waiting, of being in no position, or of being wrong
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
the worst thing you can do to destroy your expectancy is taking partials before your first logical TP level
most of you do this because you can’t stand the emotional rollercoaster of seeing price reverse before your TP
so you “pay yourself” to make yourself feel better
what you actually do is make sure you win less on your winning trades
while still losing full size on your losing trades
perhaps not the best idea