Since this post got a lot of traction.. I want to be clear.
Some of you think that I’ve lost my edge.. or I just got lucky. The truth is I haven’t traded much over the last 6 months.. because my edge isn’t present. I day trade inside large HTF swings. When I don’t have a larger overall price target with a high confidence rating.. I generally don’t have a trade.
Knowing when it’s not present IS my edge. That’s 15 years of learning that your edge ISN’T always present.
If I go back and look at my career there were times I WISH I didn’t trade for weeks, sometimes months, where I was forcing my ideas on the market… instead of sitting still.
Those periods set me back a lot, because when my edge came back, instead of going straight into profit, I was spending those good periods clawing back from the drawdown that I created from not being able to sit still.
I’ve already been through the cycle of making a ton of money.. getting overconfident, and giving it all back.
“You don’t bet the empire to make a pot of gold”
So after I hit a multi 7-figure payout, I took a lot of that money and bought multiple properties, invested in their renovations, bought other assets, and put myself in a position to build a legacy that my family can stand on if I DIE tomorrow.
That’s not me losing edge or being unprofitable.
That’s me being intelligent about risk and capital allocation.
That’s knowing when the market conditions shift and things become more uncertain.
I would actually be retarded to make millions and then stick 25% or more of it into a personal account.
The market isn’t your safe space. Your goal is to extract money from it and use that to build an empire.
But eventually the goal becomes more about capital preservation than generation.
Don’t expect speed! The fact that I’m flipping doesn’t mean I’m not going to stick to my strategy. I’m only modifying it slightly and cherry picking my trades
New traders do this;
- pick one strategy and
- challenge yourself to take 100 trades on it
- on all trades go for 1:3RR minimum on all setup
- don’t touch trade until either TP or SL nothing like partial profits
I want to dare you to do this and come back to this tweet
I'm about to lay myself down for a bit... and I was just thinking:
All of these people, all around the world are talking like me, thinking like me, anticipating Price Action like me, learning what I spent the entirety of my adult life building. The sheer number of you all is staggering.
I think the weight of that has finally hit me.
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