Here is everything you need to know to have a strong foundation as a trader.
- An edge isn't something you "choose." It's a recurring market inefficiency that you exploit with discipline. Edges simply exist as they are. You either identify and exploit them, or you don't.
- Most traders are obsessed with win rates because their egos are tied to being right. But your win rate is the most shallow metric in your journal. True edge is defined by Expectancy. It’s the dollar value of every single trade you take, including the losers. Professional trading has nothing to do with accuracy. It is about Expectancy. If your expectancy is positive, every trade you take is a business asset worth a specific dollar amount. If you skip a trade or tweak your plan out of fear, you are literally throwing money in the trash.
- Small account are the same as big accounts. I see it nearly every day: "I only have $1,000, I don't have the luxury of risking 1%. I need to risk 10-20% to get anywhere." This is mathematically illiterate.
When you risk 10% per trade, your Risk of Ruin is nearly 100%. You aren't "speeding up" your growth; you are guaranteeing failure.
- An edge is not a straight line; it's a distribution. Even with a 60% win rate, you are statistically guaranteed to hit 8-10 losses in a row at some point. You MUST understand probabilities over SEQUENCES.
- You don't trade to "make money" today. You trade to protect the math of your edge. A $5,000 trading account compounded at 7% a month is $16.7m in 10 years. The market is a scaling game. If you have an edge, the math works on $5,000 exactly the same way it does on $5,000,000. Don't bake the psychology and habits of a loser into your brain, or you will never build your capital and if you ever did get access to more capital, you would just lose it.
Risking 1% isn't a "luxury" for the rich; it is the requirement to become rich. The person with $1,000 who risks $10 is acting like a millionaire. The person with $1,000 who risks $200 is acting like a person who will always have $0.
- Losses are non-linear. Lose 10%? You need an 11% gain to break even. Lose 50%? You need a 100% gain just to get back to zero.
A professional trader can be thought of as a professional driver. They are navigating a rough, bump territory. When they have a map of (their edge), its their job to then drive that path without crashing. Two traders could have an identical map, but if one trader decides to take every turn at 100mph, they are going to crash.
My primary goal is to teach people how to become professional traders. Not just to offer them my edge, but to teach them the things they need to know to operate as a trader, so they have the skills required exploit that edge, or any other edge they encounter.
Everyone wants a Trading 101 Encyclopedia. It doesn’t exist. It never will.
No two trades are identical. No single fixed strategy works in every asset. This is why trading courses fail to make anyone consistently profitable.
Most traders can't even tell if the market's trending or ranging, let alone spot SOS or SOW across multiple timeframes. If you can't read that, you're blindfolded in a minefield.
What you really need is experience, and the right network. A mentor. A small, proven group of traders who've been consistently profitable for years, who can guide you through any market.
Most people refuse to accept this truth, and that's why they'll never find consistency.
They want "the book" when there is no book. Sure, you can collect golden nuggets from books and certain strategies, but cooking them into a masterpiece?
- That comes from playing the game, day in and day out, while only listening to sources with a track record that spans years.
Work on yourself: health, mindset, body. Buy yourself time. Get a pair, step out of your comfort zone. Because the only way to grow in trading, or in life, is through discomfort.
I’ve a little trading hack for you that might help you make better decisions when deciding on your set ups and execution.
When I teach and mentor my mentees I often ask them about their goals and dreams. Most of the time the answer is “to be financially independent”. The “magic” number is different for everyone but mainly everyone is hoping to make millions.
But how do you get there if you keep fumbling even a $100 position over and over again?
Here’s a little trick that might help-
Anytime you find a set up and think of entering ask yourself:
“Is this a million dollar set up”?
This works in many ways and on many levels. It makes you question:
- is this an optimal set up and how optimal?
- can I handle a big size?
- would I be ok with a loss here?
- is this market suitable for the risk I am giving this set up?
Not every set up you take you’ll find a need for this question but when you ask it it can always have a different meaning. You decide what you want the question resonate for you at the time. It’s a good way to test yourself.
And the „million dollar” tag attached to it works in a symbolic way…but one day it might turn into literal one.
Maybe keep it for Yourself
Sharing your Plans or your Targets with people can lead to getting their opinions. Their opinions are mostly negative and f*cked.
Doesn't matter what stage in my life I was in, people always doubted.
"You never get off methadone"
"You will go back to jail"
"You can't go fighting after 6 Months"
"I wouldn't risk this"
"The random guy on Twitter said that right?"
And the reality is - it's uncomfortable. Napoleon Hill described pretty good what it does to us.
It's exhausting to get negative vibes from people that you like. And deep inside you know we look for support and being accepted - but they don't.
It doesn't matter why they are against it, it does something to you. It weakens.
There are people who support but they are rare. I think the more you level the more people are supportive because you get into new circles and friendships... But at the bottom there is just nobody who does.
So maybe... keep your goals for yourself.
Or you go the way like me and give everybody a big f*ck you and accept being not accepted.
🚨 If you missed $BTC at $16,900
The BETTER Bitcoin is sitting at a similar range
$KAS ‘s current chart looks extremely similar to Bitcoin’s right before it started its move from ~16-17k to over $126,000.
Bare in mind, $KAS has a lower MC & is fundamentally better than Bitcoin, no if’s, what’s or but’s, such a move could possibly happen faster and be even more explosive.
But again, I don’t have a crystal ball and i’m just stating my opinion not a financial advice 😄
I like the R/R on Kaspa here.
Do you ?
@christi61026749@skibumtrading@Kaspa_HypeMan@realvijayk@Ryanbabel@Crypt0Proselyte
Some things I have been saying to myself this week at night and before the trading session.
I am patient.
I am disciplined.
I will execute at a high standard.
Every trade is a learning opportunity about the markets and myself.
I will take every day as it comes.
I will not extrapolate success or failure, every day is unique.
I will take base hits and not get greedy.
I have put in the time and I am confident in myself.
I will not trade because I am bored.
I have found saying these at night and before the session puts me in a good headspace. It’s absolutely not required to do, but it might help put you in the right mental going into the day!
🎁
As some of you already know, i can play on high leverage fairly safely as i can refine my entries into an average R:R of at least 7. High leverage isn't dangerous. What's dangerous is going long or short without a plan and with massive SL's. Most do this because they're afraid of wicks, but the reality is that they can't read the game and anyone on an average 2R isn't a profitable trader, so if you see any self-proclaimed "successful trader" out there claiming he's profitable while most of his setups are 2R or less, well...he's not.
Below is one of the answers to "hidden liquidity" i so much talk about but don't really spoon-feed it to any of you. I do share it all on my charts, but due to lack of knowledge many just can't see it. Some of you decoded a lot of it already, while the majority wasn't able to so far.
This isn't everything, but it's one of the 🗝️ secrets to become consistently profitable in this game, and the higher the TF you find these levels at, the more powerful it is, thus your probability to enter a position and succeed being much higher Vs if you find these levels on micro TFs. This doesn't mean you should just avoid micro TFs, because even though your success rate will drop, you will have the opportunity for many more trades in a short period of time Vs if you find the levels on HTFs, and if you master this craft you can be very profitable every single week, but i would recommend you start from HTFs, and then MTFs, and then LTFs, and only then micro TFs.
🗒️ FVG's matter nothing if there's no liquidity behind them, and there's a reason why i posted this couple months ago: https://t.co/Mp19fWbPuh
These people don’t “resign”
They simply step aside, handing the spotlight to a new face. One they groom, mentor, and control from the shadows.
It’s not leadership rotation. It’s a reset of public perception. They only replace the face when hatred outweighs respect. And when the crowd is desperate for “change” they hand you another mask.
But behind that mask is the same agenda, the same puppeteers, and the same outcome.
This system is so fundamentally broken, they’re forced to simulate rebirth every few years to maintain the illusion of progress.
That’s why every few years, you’re told: “Someone new is coming to fix everything”
Left. Right. It doesn’t matter. Whatever flavor you vote for, the outcome is always the same: The people get poorer, the debt gets bigger, and the hope gets recycled into the next election cycle.
Meanwhile, the same people funding the circus keep getting richer. Quietly, consistently, shamelessly.
📖 Take these risks in life
Everything good in your life will happen as a result of taking the risk of getting it. There is no return without paying the price and the price is taking on the risk of failure. As a baby, you need to risk falling if you are to learn how to walk. We follow that same trajectory in life and business. Those who are unwilling to take the risk, face an unfulfilled and mediocre life.
🔹 Risk getting incredibly wealthy – especially if you’re young.
If you’re under 35, you get 1 or 2 big swings at an extraordinary life. This happens because you have little to no downside: there’s no one depending on you. This is by far the most important piece of advice you can get as a young person: TAKE BIG RISKS. The scary/uncomfortable ones. The risks everyone around you tells you not to take.
Want to know something that will outrage the close minded people? Everyone who actually wants to be rich can become rich. There are over 60 million millionaires and thousands of new billionaires in the world. We’re going to soon have our first trillionaire. There’s no limit to the wealth you can get in this life. And honestly, the sooner you solve the money issue in life, the better.
When it comes to both life and financial risks: If you don’t play the risk game while you’re young, you’re going to play the blame game while you’re old. At this stage you know my message goes to very few people only, and if its arriving to you is because I believe this isn’t a waste of my time, and that you can come from average to a great life and achievements. I can leave now, retire, and live in the luxuries of this world. But that’s not fulfilling. Fulfilling for me is guiding others on the path to a life that’s worth living. Saddens me to see most people never truly living, but it is what it is…
🔹 Risk ridicule in exchange for making your dreams come true
- Criticism and ridicule are part of the process. Think of it as the cost of entry to the joyride that is the good life. Who cares what they think?! Who cares if they don’t like you? You don’t even know THEM!
People are intimidated by those who go after it. They’re scared of seeing other people succeed because it serves as proof that success is achievable. Their only hope is to intimidate you into giving up on your dreams, so you don’t get the chance to prove them wrong. The risk fades away when you realize that these people are irrelevant to your journey, even if they’re part of your inner circle and their words might hurt. Be strong. It’s your future. It’s your life. You only have one.
🔹 Risk Dropping out or quitting to start your own business
- Here’s a gold nugget that’s going to change your life forever if you allow its value into your beliefs. It’s called: The Simulated Outcome Theory
How it works: look at the way your life is going right now and imagine doing what you’re doing for the next 10 years. What does your life look like if you progress in a linear fashion? If you’re happy with the result, keep doing what you’re doing. But what if you realize this future sucks? That’s when you drop out or quit your job in order to start living life on your terms. You will end up working longer hours, but you’ll have the satisfaction that you’re building for yourself. For as long as you live just remember: If you don’t build your own dreams, someone else will hire you to build theirs.
🔹 Risk investing in yourself
- People complain that investing in yourself is expensive…but what the hell is the alternative?! What is there to invest that gives you a better ROI than…well…YOU?!
If you’re unable to at least invest in yourself where you control the outcome, how do you expect any other investment to work out?...
Treat your investment in yourself the same way venture capital works: Some will be shi*, some will be ok, but one or two of them will be life-changing. I’ve read hundreds of bad books before finding the few that worked well for me. I’ve spent tens of thousands of dollars going to events, seminars, courses, classes, and meet-ups, in order to compound my knowledge and build freedom. Ask yourself, what percentage of your income do you reinvest in yourself? I’m not talking about your comforts, but in your skillset, your knowledge, and your tools of the trade. If you’re spending less than 5% on you…it might be a good time to re-evaluate your priorities. The brutal truth is: People’s lives are cheap because they think investing in themselves is expensive. Why? - Because the've learned to have instant gratification for work done, and when they don't, they have no belief. They don't understand how money and life works, so no matter what they do, they will not find the path to freedom.
🔹 Risk starting over
- Even if you’re starting from scratch. Even if it’s in a new place. Even if you know nobody. Even if no-one supports you. Risk starting over. It will be scary because it’s always scary when you venture into the unknown. But you see, Darkness is the mere absence of light. The moment you overcome your fear, you begin to generate light into the darkness of your world. The more you do and learn, the brighter you shine. Deep down we’re all scared of our luminosity. But it’s a necessary part of success. You might be thinking it’s easy to say this when I don’t know your story, but I actually know you, because I’ve been in similar environment as you are today, and I’ve seen your story in other people as well. It might not be obvious to you at the moment, but if starting over is your objective, the road will reveal itself to you. Remember this: If you see nothing around you but walls, start building a door. You've got the tools, and you can find the time.
🔹 Risk going against the consensus and be right
- This is the straightforward path to massive success in life. The more you think about it, the more you realize it is true: If you want to be successful in life, you have to go against the consensus - what everybody thinks - and be right. People will tell you that something is impossible, they’ll tell you to not even try because it won’t work, you’re not good enough, smart enough, talented enough, not born in the right country, not born with the right parents, skin color, gender or simply…that nobody was able to do it. The thing is…
Everything is impossible until someone does it. Our growing wealth is the result of ignoring everybody else and focusing on the process. I said this before, but if we’re living in a simulation, then self-belief is the cheat code to getting everything you want. Risk believing in your idea and following through.
🔹 Risk being yourself when everyone else wants you to be someone else
- Who are you? You’re more than your clothes, the things you buy, the home you live in…You’re more than what your parents taught you when you were young. You’re more than the trauma you’ve suffered growing up. You’re an individual. You’re separate from everything else. You’re not what your uncle thinks you are or should be. You’re not what your parents wish you were. You’re not what your friends see you as. You’re not even all of those things combined. You’re an ever-changing identity that absorbs what it needs and finds useful in order to craft itself out of pure chaos. The moment you realize how short life is and how meaningless the expectations of others are in terms of real impact on your existence, the second phase of your life begins.
🔹 Risk finding your true limits
- The brutal truth: Most people quit at 40% of their ability. As humans, we fail to understand our true limits because our mind and body is designed to shelter us from harm and into comfort as quickly as possible. Most people go through life never knowing what they can do. They choose to underperform, doing the universe a big disservice. You were put on this planet to find out what you’re capable of…
Going to the grave without discovering that is just wasted potential. Why are you scared to find out? Why do you quit before your limits? Why don’t you test yourself to see how far you can go? Something extraordinary happens if you do…You find the truth. You find where your ability stands at this point in your life. You have a clear benchmark. From work to life, to relationships, go the extra mile and make them extraordinary. For the man who risks finding his own limits, the world opens up with limitless opportunities.
Are all those successful people just smarter than you? Look closely...they aren’t. They worked and worked, and worked some more. Results started showing because they outworked everyone else and were noticed for providing more value.
🔹 Risk having your own metric for success
- Here’s the paradox of success: Success is a self fulfilling game. The only real way to win is to decide that you have won the game. Otherwise, you will be in constant pursuit of something that you’ll never catch up with. Even if you achieve what other people consider success, if it’s not your own consideration, you will not feel like you’ve made any progress in life. This is how people end up hating their lives despite having a high -profile job or making a lot of money. If it doesn’t meet your own metrics for success you will feel like a failure, like you could’ve done more or be happier doing something else. People will judge you based on their own metrics…please note that you are under no obligation to live by them. Risk having your own metrics...
That’s what the phrase: “YOU DO YOU!” actually means.
🔹 Risk a “bad meal” to find the magical one
- I know you weren’t expecting a food reference at this point in the talk, but this is actually a deep metaphor for life. You have to risk going through the bad in order to find the exceptional. You don’t know where the magic is in life, but it won’t find you, you have to go look for it. Look everywhere you think you might be able to find it.
Most will be disappointments, but once in a while, you will stumble upon something that made the entire search worth it. These are the life-changing pieces of the puzzle that makes up your existence. Do you know why this is true?
- Because unearned prizes bear no value. In a screwed-up way, the bad justifies you being deserving of the good. You truly appreciate a good meal if you’ve been eating shi* for a while. You really appreciate a good job if you’ve been working miserable ones for the past few years. You will never take for granted a loyal partner if your previous one tore your heart to shreds…
If you want to win this freaking game, you have to embrace risk. You won’t get many chances. Time has picked up speed and I know you feel it too. The next few years will go by in the blink of an eye…Don’t regret it.
How to navigate across @Moneytaur_ timeline like a pro🏅
First thing you need to understand is that the only way to access older posts in X is by using Advanced Search. If you only try to access them by scrolling as low as you can, very quickly you will hit the API limit: X will allow you to scroll a couple months at best.
Because Advanced Search UI is designed the way to demotivate you to scrap any data, I created a ready-to-go timeline list of most Moneytaur's posts divided by months. It covers about 90% of all the post that MT wrote since 2021. Subscription/paid post are only included in the search if you are subscribed to MT. If you don't - go get it, don't be a loser. Link to the list:
https://t.co/cRcff2jEa5
If you dig a little deeper, you can see that each link is basically Advanced Search query, with specific parameters. In the page above I used:
1) Account name: @Moneytaur_
2) Time range: 1 month starting from ~2021
3) Search query: (the OR to OR on OR 👁 OR 📌 OR 📖 OR 🍿 OR 🎯 OR HTF OR LTF OR MTF OR are OR this OR a OR is OR am OR but OR for OR all OR it)
Take a look at the search query -- it contains the most popular English verbs, and most popular emojis that MT is using. You can edit this query at your will, adding or removing other words/emojis. However, I used this one specifically, because it covers most of the posts.
You can also change the account name in the query and explore @IamZeroIka, @FilippoPalizzi, @MoneyTaura and the rest successful MT's followers. I follow a dozen of them at least, go ahead and check them out.
Last hint:
Let's say you're looking at MT's November 2023, and at some point tweets stop loading below some date. It is because he posted this month A LOT, and you hit the API limit. In that case consider narrowing down the timeframe, for example 15 days.
Eventually you will have 2 tabs:
1st one is from Nov 1 to 15
2nd one from Nov 15 to 30
Good luck and happy search! 👁️