jonathan penas

Isaiah 55:8-9 For my thoughts are not your thoughts, neither are your ways my ways

[jonathan penas @athanpenas]

"For it is by grace you have been saved, through faith—and this is not from yourselves, it is the gift of God—not by works, so that no one can boast."

Ephesians 2:8-9

[Yumi🌸 @samuraipips358]

You don’t need “mental toughness to stick to the rules.”🧵

The less experienced a trader is, the more they chase mental toughness.
But in reality, it’s the other way around.
Great traders don’t follow their rules through sheer willpower or endurance.
🧵1/5

[Yumi🌸 @samuraipips358]

How to use a trading journal 🧵

If you have a system with an edge, the only issue for a trader is consistency.
A trading journal can help.
Here’s how to use it.
↓ Thread 1/7

[Yumi🌸 @samuraipips358]

4/5
To escape this loop of improvement, there is no other way than for your own inner self to change.
You must not tie your self-esteem to outcomes; instead, you need to tie your self-esteem to the act of following your rules.

However, this is extremely difficult.
You will not change easily just by understanding this intellectually.

First, you have to create rules that are proven to be profitable if you repeat them, and you must experience many times over that sticking to your rules through wins and losses truly does leave a profit; you have to be convinced that the true value lies there.
Simply trying to convince yourself is not enough.

The individual win or loss in front of you is strongly influenced by randomness and does not reflect your skill.
A win is not to your credit, and a loss is not your fault.
However, not preparing rules with an edge and not being able to follow those rules are your responsibility, and you are 100% at fault.
And that consistency is undeniably a skill.

[Yumi🌸 @samuraipips358]

What is required in trading is consistency rather than intelligence🧵

Excellent traders may seem like people full of intelligence, but what is truly required is the consistency to keep repeating "like a fool who learns nothing even when they lose".
🧵1/5

[Yumi🌸 @samuraipips358]

To all traders who cannot follow their rules no matter how strongly they vow to do so🧵

The causes and solutions for those who understand in their minds that it is important to follow the rules but still cannot do so.
↓Thread 1/5

[Yumi🌸 @samuraipips358]

The legendary teachings of Mark Douglas 🧵

"Trading in the Zone" is a renowned book read by many traders, and I've read it multiple times as well.
However, many traders miss the core message of this book.
I'll concisely explain the essential points of this book.
↓Thread 1/8

[Julio Medina @JulioMedina]

"I did a lot of math. I made a lot of money, and I gave almost all of it away. That's the story of my life." - Jim Simmons

In 2010, he started full-time at his foundation, He gave a talk at MIT.

His wife Marilyn suggested that he discuss his values at the end. He felt ‘values’ was not quite the right word, so he used ‘guiding principles’ instead.

Here are 5 of them:

RIP, Jim Simmons - April 25, 1938 – May 10, 2024

[Mike Hoffmann @MikeHoffmann]

I found a guy who goes around the US asking 70 to 100-year-olds their:

• Biggest Regrets
• Biggest Lessons
• Advice to their younger self

Oddly enough, most of their answers are the same…

Here are my top 8:

[JadeCap @jadecap_]

A big problem with traders is they want all of the upside with none of the downside.

The best traders only worry about the risk, the rest will take care of itself.

[JadeCap @jadecap_]

The Jade Master - A Story Of Patience and Commitment

One day, a farmer in a small village on the side of a large hill, was sweeping the front porch of his parent's home. He thought to himself as he swept, "What do I want for myself in this life?", "Where do I wish to be?". He looked around at the farm he had known his whole life and the beautiful jade landscape unfolding around him and said to himself, "I'll become a jade master."

He knew there was a jade master that lived on a small precipice on the opposite side of the large hill under which he lived. He set out climbing up the hill and then down and around to the front door of the jade master's home. As he knocked the door swung open and he was greeted by a small smiling man. The man's smile so radiant that no one could have challenged it, a man who looked so comfortable with himself it was hard for the farmer to maintain his gaze. But he was there on a mission and knew that it was time he stepped up and did what he wanted.

"I want to be a jade master," said the farmer. The Jade Master looked him up and down and said, "But of course, why else would you journey here but to learn from a master." The farmer shuffled uncomfortably into The Jade Master's abode. A jade home for a jade master, the boy thought to himself as he looked around. The walls were painted a deap teal and all the upholstery was purely jade. As the boy walked deeper into the house the Jade Master taps him on the shoulder and hands him a peice of Jade.

"Take this Jade, and hold it the whole day while you are here." The boy looks at the man and says, "And what would you have me do?" The Jade Master grabs a broom, passes it to the boy and says "Please sweep the floors." The farmer, angered by this, says "I came here to never sweep again. I came to learn the way of Jade and to become a master." "To become the master you must listen to your master." The boy so angry with this idea of sweeping, leaves the Jade Master's home and returns to his farm. Once again though, he finds himself sweeping for his parents. Saddened by his own lack of commitment he returns to the Jade Master and becomes content with the idea of sweeping for himself.

When he returned to the Jade Master, the man had the same aura of power surrounding him, the farmer said "I wish to learn, and I will do all it takes." The Jade Master once again handed the boy a piece of Jade and a broom and told him to sweep the floors. Dutifully, the farmer began to sweep. Each day that he returned to the Master, he would have a piece of Jade in his hand and he would sweep the floors. This continued for a few months. The farmer queried the Master often on when he would start his training with Jade and the Master would reply "You've already begun."

One day the farmer entered the home and was handed his broom and the Jade put in his hand, the farmer felt the Jade in his hand and noticed something strange. He looked at the Master and said "This is not jade, Master." The Jade Master smiled, looked at the farmer and said, "You are correct, this is not Jade." The Jade Master walked to the front door, opened it and started to leave. The farmer exclaimed "Where are you going, Master? What do I do now?" The master looks at him and says, "You wait for the next pupil." The farmer smiled.

[Eddie @TraderPhive]

@tradertheory I feel ya

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

They tell you:

Trading = Gambling

But in reality:

Trading = Edges + calculated risks + emotional fights + consistency + countless hours of practice

[jonathan penas @athanpenas]

@I_Am_The_ICT 🙏

[jonathan penas @athanpenas]

https://t.co/sje6YxcKJU

[jonathan penas @athanpenas]

https://t.co/eWzf0jVCck

[jonathan penas @athanpenas]

Extract from Joseph James Youtube https://t.co/ef3vHD3H8M

[CHARToons @GandyDancer123]

"This holiday season, let’s make it a point to cherish what’s truly important in our lives: A Green Portfolio.”

Merry Christmas 2022!

CHARToons #68 $PSEI

*Feel free to share this E-Greeting Card to all your Investor/Trader Family & Friends!

[Ninja @Ninjascalp]

The best part of being a trader is people think you do nothing all day.

They don’t see the all the hours spent behind the scenes doing nothing.

They just will never understand… few.