Theory is easy, practice is hard.
Analysis is easy, execution is hard.
Ignorance is easy, experience is hard.
If trading were easy, everyone would be a millionaire.
Sums up the life of a trader.
Learn to relax at the edge of the cliff. Learn to short and ride downhill or climb up with efforts. One wrong trade and it destroys your months of gains.
LEVIATHAN x TRADINGVIEW
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Winner picked in 48 hours.
If we placed 100 traders in a room and had them trade a profitable strategy, the majority would still lose.
You know why?
At the most basic level, trading is a mental game —you are up against your insecurities, impulses, emotions, biases...
The vast majority of market participants get stuck in a surface-level mindset and try to become successful as their current selves. But it's just not possible because their attitudes and beliefs are incongruent with market realities. (1/2)
The truth is that you'll go through losses again and again and again.
This is the reality of trading.
The other truth is that this will hurt a little less each time.
5 famous #traders with a similar approach which works for more than 100 years:
- 1900: Richard Wyckoff
- 1920: Jesse Livermore
- 1950: Nicolas Darvas
- 1960: William O'Neil
- 1990: David Ryan
- 2000: Mark Minervini
Similarities: Supply & demand, leading stocks.
5 famous #traders with a similar approach which works for more than 100 years:
- 1900: Richard Wyckoff
- 1920: Jesse Livermore
- 1950: Nicolas Darvas
- 1960: William O'Neil
- 1990: David Ryan
- 2000: Mark Minervini
Similarities: Supply & demand, leading stocks.
Doctors dont sit and fantasize about money while operating on a patient
Comedians don't think about money while telling their jokes
Ball players don't think about money when making their way down that court
They're focused on the craft
You as a trader need to be the same way