I’ve lived in Uzbekistan for the last year.
Picked up my life, moved across the world, had a child, and built myself from the ground up.
Let go of fear and do something
Life is short
@nickshirleyy@IfindRetards Look into the massive insurance fraud in rehabs, it’s in the hundreds of millions if not billions of dollars in California, I witnessed it myself
@badazn Was in Vietnam
Was on a tour guide bus with the gf waiting outside of another hotel for a crowd of them to get on
They hold up the bus for almost an hour yelling at the tour guide demanding we wait for someone
Ended up getting a taxi
0 social awareness and class
got a DM from a guy who said he made $1.2M trading last year
looked at his profile. 847 followers. no course. no discord. posts maybe twice a week.
thought it was cap
asked him to prove it
he sent broker statements. verified. real.
so I asked him one question: "what's your strategy?"
his answer changed how I think about trading forever.
"I trade one pattern. literally one. for 9 years."
"just one?"
"just one. bullish engulfing at daily support. that's it."
"you made $1.2M from bullish engulfings?"
"I made $1.2M from being the most patient motherfucker on planet earth."
he explained:
when he started, he was like everyone else. 47 indicators. 12 strategies. telegram signals. news trading. scalping. swing. everything.
blew $340k in 4 years.
his wife told him he was done. trading was over. get a real job.
"that's when I got serious."
he spent 6 months backtesting ONE setup. bullish engulfing at daily support. over 3 years of data. (i don't even know how the fuck support/resistance work lmao)
found it hit 61% of the time with average 2.8R when traded correctly.
"that was enough. I didn't need anything else."
now he wakes up. checks daily charts for 15 minutes. if the setup is there, he takes it. if not, he plays golf.
"some weeks I take zero trades."
"doesn't that drive you crazy?"
"it drove me crazy for the first 6 months. now I don't even think about it. no setup = no trade. the market owes me nothing."
I asked about his typical month:
- trades: 8-12
- winners: 5-7
- losers: 3-5
- average month: $70-120k
"you make six figures taking 10 trades a month?"
"bro most months I make more than I made the entire year when I was taking 10 trades a day."
this broke something in my brain.
we've been told MORE effort = MORE results
but trading is inverted
LESS effort = MORE results
because effort in trading usually means:
- more trades (more mistakes)
- more screen time (more emotional decisions)
- more analysis (more paralysis)
- more indicators (more confusion)
he told me his screen time went from 8 hours per day to 45 minutes per week.
his income went from -$80k/year to +$1.2M/year.
inverse correlation
I asked for his advice to new traders:
"pick one setup. test it. prove it works. then do ONLY that setup for 3 years. you'll be rich and everyone will think you're a genius. you're not. you're just patient."
before I ended the call:
"one more thing. everyone who tells you trading is hard is right. but not because the market is hard. because DOING NOTHING is hard. that's the actual skill. doing nothing while everyone else is busy losing money."
he hung up.
probably went to go do nothing.
sat next to a 20 year old guy on a plane who casually mentioned he made $4.5 million last year
didn't look rich
t-shirt
jeans
beat up backpack
i asked what he did
"i trade futures"
"full time?"
"yeah, about 3 hours a day"
"$4.5 million in 3 hours a day?"
"well, it's not really about hours, it's about decisions. i probably make 10-15 decisions per month that matter. the rest is just waiting"
"what do you mean?"
"most people think trading is constant action. it's not. it's 99% waiting for your setup, 1% executing. that's why most people fail. they can't handle doing nothing"
he pulled out his laptop
showed me his calendar
90% of trading days marked: "NO TRADE"
"this is march, see? 31 days. i traded 7 times. made $380k that month"
"7 trades made $380k?"
"yeah, because they were the RIGHT 7 trades. everyone else took 200 trades that month and lost money because they were WRONG trades. quality over quantity"
"how do you know which 7 to take?"
"i don't trade unless i'd bet my house on it"
"what?"
"every trade, i ask myself: would i bet my house on this setup? if the answer is no, i don't trade. most setups? the answer is no. but 7 times this month, the answer was YES"
he kept talking:
"the biggest mistake retail traders make is thinking they need to trade every day. you don't. you need to trade WHEN YOUR SETUP APPEARS. some months that's 15 times. some months that's 3 times"
"what about consistency?"
"consistency isn't daily trading. consistency is ONLY taking your setup. if your setup appears once a week, you trade once a week. if it appears 5 times in a day, you trade 5 times that day. the market doesn't care about your need for action"
"but i feel like i'm wasting time if i'm not trading"
"that's employee mindset. you think time = money. it doesn't. correct decisions = money. i make more doing nothing 24 days a month than you make forcing trades every single day"
he was right
i was trading out of BOREDOM
not opportunity
i tested this for 90 days:
BEFORE "house bet" filter:
- 156 trades
- 41% win rate
- -$3,800
AFTER "house bet" filter:
- 11 trades
- 73% win rate
- +$14,200
11 trades in 90 days
because i stopped trading
and started WAITING
the plane guy was right:
"most traders are addicted to action. they need to DO something. that's why they lose. the real money is in doing NOTHING until the perfect setup appears. but doing nothing feels like you're not working, so people force trades"
"how do you handle the boredom?"
"i have a life outside trading. i go to the gym. i read. i travel. trading is 3 hours a day MAX. the other 21 hours i'm living. you guys are staring at charts 12 hours a day hoping something happens. that's not trading. that's gambling addiction"
he closed his laptop
"here's the secret: the less you trade, the more you make. i know guys trading 500 times a month making $0. i trade 15 times a month making $400k. the difference? i'm SELECTIVE. they're ACTIVE. market rewards selectivity, punishes activity"
flight landed
he gave me his card
"if you want to make real money trading, stop trying to trade every day. start waiting for YOUR setup only. 90% of trading is waiting. 10% is executing. master the waiting and you'll make more money doing nothing than everyone else makes doing everything"
i never saw him again
but i think about that conversation every single day
the math is simple:
you're not paid by the trade
you're paid by the CORRECT trade
taking 200 trades with 40% accuracy = -$5k
taking 20 trades with 70% accuracy = +$50k
same account
different approach
completely different outcome
most of you are over-trading
thinking activity = profit
it doesn't
selectivity = profit
the traders making $500k+/year
they trade LESS than you
not more
they're better at WAITING
not better at TRADING
master the wait
make the money
So much of why you struggle is because you're too smart. You know too much. In many ways, you were actually better positioned to succeed as the more ignorant, past version of yourself
Relationships used to be a matter of just spending time with someone you felt good around. Now, it's a laundry list of traumas and signs of a healed inner child that you hyper analyze in everyone instead of simply seeing where it goes
Making money used to be a matter of just helping someone with a problem. Now, it's neurotic awareness of all the risks to watch out for that lurk in the back of your mind instead of simply seeing how it goes
You may think it's saving you time, but it's actually the opposite. Nothing wastes more time than pondering from a place of protection, when you could've been moving forward. Two steps forward and one step back still puts you further from the start than not stepping foot at all
Learn, but don't forget that life is supposed to be fun. Go back to flow. Be more lighthearted. Realize that nothing has to be that serious, and consequences are only as detrimental as you falsely assume in your head. You're always your own greatest enemy