bigmaxo

Trader

[🎯 Master @Moneytaur_]

Don’t get frustrated in the process of whatever you're trying to build, because you need experience, and this no one will give to you. Time will. If others can, you can.

I have never focused on making everything right.
I focused on making less and less mistakes.
That was 🗝️

[🎯 Master @Moneytaur_]

See the world not as you wish it to be, but as it truly is.

Only when you strip away the illusions, the noise, and the distractions will you truly see. Only then will you have the chance to adapt, to rise above, and to take control of your path. By embracing reality, no matter how uncomfortable, you’ll sidestep the traps set by those who manipulate and distort the truth to keep you blind, trapped, and powerless.

Keep your vision clear. Refuse to be a pawn in someone else’s game. The world doesn’t wait for dreamers. It rewards those who dare to wake up.

[🎯 Master @Moneytaur_]

📖 25 "Cheat-codes" to achieve Success in Life

1) If you want to flourish, you take care of the soil rather than the seed. Upgrade your environment, because your environment upgrades you.

2) A flower doesn't go after the bee. The flower flourishes, and then the bee will come. Stop chasing butterflies. Plant a garden (build) so they will come to you (results)

3) Stop hanging out with losers unless you want to be one yourself. Hanging out online included - The sources you choose to receive content from, are one very big reason for your future decisions and outcomes. Choose carefully what you fill your mind it, and what you spend your most valuable asset (time) on. Don't worry about following too many sources or having too many friends. Quality over Quantity.

4) Try to never be the smartest person in all rooms you're in. Be somewhere where you can consistently learn, and be somewhere where you can consistently teach - Teaching is learning twice and can build trustworthy networks.

5) Define one Big goal for your life. Make it explicit. It will serve as your north star. Write it down in detail on a piece of paper and look at it every once in a while to remind yourself why you're doing all of this. People who write down goals are much more likely to achieve them Vs who doesn't.

6) Once you know where you're going, stay in your lane and let the nay-sayers be. They'll try to distract you and discourage you, because deep inside they actually fear you achieve more than they ever did. Remember that you're not competing with them. You're competing with poverty and who you were yesterday. Seek progress rather than perfection.

7) The worst position to find yourself in: No money + No time. Barely anyone on the planet is victim of both combined. The person who has time can always choose to trade it for money. Once you have money, you can begin choosing to trade it for time. Learn this arbitrage and you're sorted for life.

8) There are no shortcuts to any place worth going. Focus on doing what you do, and do it consistently better. It takes thousands of hours to master anything life-changing.

9) For as long as you live remember that the only free cheese is in the mousetrap.

10) Every day, do one thing that gets you closer to your big goal. Venture out into the unknown. Get out of your comfort zone. Remember, boats are safe in the harbor, but that's not what boats are for.

11) Do not quit. Everyone who won at life, simply did not give up. It might take a while, it might be hard, it might be scary at times, but as long as you keep putting one foot in front of the other, you will eventually get to a life most can only dream of. Hardships are life's way of seeing if you're ready to level up.

12) Never assume the answer is No before you ask. Let them be the ones to tell you No. More often than not you'll be surprised by how wrong you were to assume the worst. A "No" doesn't change your reality much. A "Yes" might do. Even if you get a "No", then you can ask what would've made them say "Yes". Their feedback will help you grow. You need the right mindset to understand the value on this.

13) Let them hate. Nobody throws stones at a tree that doesn't have ripe fruit on it. If you begin having haters, you're growing.

14) Stop expecting them to see what you see. Stop expecting them to act the way you would act. Stop expecting YOU from other people. They won't be able to see the world the way you see it. When you talk growth and achievements with people who don't want to grow, to them it sounds like bragging. They'll resent you from trying to move up from where they are, because your progress makes them realize that they are less in comparison. A man with no aspirations sees dreams as arrogance.

15) Others will only see the outcome, not the effort. "Overnight success" usually takes years to accomplish.

16) Stop chasing people. Yes, sex is fun, but making your dreams come true is the ultimate climax. You can't even imagine what it's like to wake up without the stress of having to survive/follow boss's rules.

17) The only real test of intelligence is if you actually get what you want out of life. Ask yourself: "If i'm so smart why am i not rich? Why have i been so many years selling my time for cheap money to make other people rich?"

Smart people are able to figure these things out. Maybe you're just smarter than your inner circle and that makes you feel smart enough, but are you?...Self-reflect and you might find the answers to change your life moving forward.

18) Learn to use leverage (and this is not about futures...) Those who use the tools at their disposal outperform the rest. Most people's lives are cheap because they think investing in themselves is expensive.

19) Rise up early. The world is lazy and unmotivated. It's easy to compete with them if you're up before them. An extra hour awake is worth more when you're 30 than when you're 80. It pays off to cut on sleep when you're younger.

20) In life you have to choose one of two pains: The pain of Discipline, or the pain of Regret.

21) You feel bad because deep down you know you could be doing better. The gap between reality and expectations creates stress. Either bring your reality to the level of your expectations, or bring your expectations to the level of your reality. Make a choice.

22) People want you to do well in life, but not better than them. Pay attention to those who don't cheer when you win. They're always ready to give you "advice" or even laugh if you fail, because they never win.

23) You can get rich by taking large amounts of risk with low amounts of money. You stay rich by taking low amounts of risk with large amounts of money.

24) Cost of public failure is the ticket to the life you dream about. Most people live with the fear of public embarassment, so they settle for whatever society tells them to settle for. You don't need others to believe in you if you believe in yourself. You get to decide whether to be your greatest obstacle, or your biggest fan.

25) The world where you were born, no longer exists, so open up your mind and get ready for the future.

Lastly, it's not the recipe that you're missing. You're smart enough to know what needs to be done, but you have to do it rather than thinking of doing it later. What you need is 6 months of focus, productive routine. In 3 years from now your life can be so much better if for the next 6 months you put in the work on your mindset and skills.

[Overlord @OverlordEins]

@crypto_cartog @luckychartape Channels especially, surprise me every time with their accuracy.

[Overlord @OverlordEins]

How to avoid bad set ups:

Use a trendline. Don't buy into strong selling momentum without any sign of strength.

Learned it from @luckychartape, it's simple but effective.

You don't want to buy into a trend that is continuously sold off.

[🎯 Master @Moneytaur_]

You place fibs on whole swings, hoping they serve as confluence, not really knowing if they will work and why they would work, blind to the true secrets with this tool, unable to understand how trading bots have been programmed with it.

I look for untested hidden liquidity in earlier swings, where the most powerful fibs haven't yet been tested, thus serving as powerful confluence, and i understand why.

We are not the same.

[Karaoke Andi @karaoke_andi]

The last trade is irrelevant

Won 500 points?
Doesn't matter.

Lost 500 points?
Doesn't matter either.

The next trade doesn't know what happened before. Markets have no memory.

Many traders subconsciously think:

"I just lost, I need to make it back."
"What I just did was so stupid"

The market hears none of that. It just continues doing market things.

[Karaoke Andi @karaoke_andi]

Stay process-focused, not outcome-focused!

You cannot control if the next trade wins.

However, you can control:

- Position size
- Risk
- Execution

Let me quote another great trader: "we can all but swing the bat and control the risk", @TomHougaard .

The professional asks:
"Is this a valid setup?"

The amateur asks:
"Will this one finally make me money?"

Very different question.

[Karaoke Andi @karaoke_andi]

You have to stay in the present!

Many traders are mentally somewhere else:

- Thinking about yesterday's loss
- Thinking about this month's P&L
- Thinking about paying bills
- Thinking about the dream Porsche

Meanwhile they miss what's actually happening on the chart.

PAX's sentence drags your attention back to the only thing that exists:

The setup currently in front of you.

Not the last trade.

Not the next ten trades.

Just this one.

[MisterPA @studentoffew]

A 5-Loss Streak Doesn't Mean Your Edge Is Broken (It's Almost Guaranteed)

Over the past few weeks, I got stopped out on several BTC set-ups (shared in the dojo)

Whenever this happens, traders tend to ask themselves the same question:

"Is the strategy still working?"

The reality is that most traders don't struggle with strategy - they struggle with understanding probability.

Let's look at the numbers. 👇

Assume you have a trading system with a 50% win rate. That means, over a large sample, you'll win roughly half your trades and lose the other half.

Most traders understand that.

What they often don't understand is that the wins and losses will not be distributed evenly.

You won't get:

W-L-W-L-W-L-W-L

The market doesn't care about giving you a comfortable sequence.

Instead, you might get:

L-L-L-L-L-W-W-W-L-W-L-L-W...

Even though the system still has a 50% win rate.

In fact, if you take around 200 trades, there's approximately a 96% chance that you'll experience at least one streak of 5 consecutive losses somewhere within that sample.

Read that again.

A trader with a legitimate edge is almost guaranteed to experience a 5-loss streak over a large enough sample.

Not because the edge disappeared.

Not because the market changed.

Not because the strategy suddenly stopped working.

Simply because that's how probability works.

This is where psychology becomes one of the most important skills in trading.

Most traders are emotionally stable when they're winning.

The real test comes when they take loss after loss after loss.

After the third or fourth stop-loss, doubt starts creeping in:

"Maybe my analysis is wrong."
"Maybe I should skip the next setup."
"Maybe this strategy doesn't work anymore."

Ironically, this is often where traders sabotage themselves.

They abandon their process right before the statistics begin to normalize.

The goal is not to avoid losing streaks.

The goal is to expect them.

If your risk management is designed correctly, a losing streak is simply a cost of doing business.

Professional traders don't judge their edge over 5 trades.

They don't judge it over 10 trades.

They judge it over hundreds of trades.

Because they understand that short-term outcomes are heavily influenced by randomness, while long-term outcomes are determined by the quality of the edge.

Every trade is just one data point.

Your job is not to predict the outcome of the next trade.

Your job is to execute your edge consistently enough for the probabilities to play out.

The market will always test your psychology before it rewards your discipline. 🧘

That's why trading success isn't just about having an edge.

It's about being mentally strong enough to keep executing it during periods when the statistics temporarily move against you. 📝

[Gian Luca @materagian]

Ever caught yourself saying “I can’t afford that” even when you kinda could and felt a weird in your stomach?

That’s not really about the money. It's about attachment. So lets talk about attachment PART 1.

Here’s something wild most people don’t know:
When you were born, you only had two real fears
falling and loud noises. That’s it.

Every other fear you feel today?
Fear of losing money.
Fear of failing.
Fear of not being “good enough.”
Fear of wanting too much.
You learned all of them. Mostly from being attached. Attachment is like super gluing your happiness to a certain outcome.

You see something you want (new shoes, a trip, even just peace of mind) and your brain immediately goes: But what if I don’t have enough? What if I lose it? What if people judge me?

In trading it’s the same.
You’re in a good setup but your hands start shaking because you’re attached to the money you could lose… or the “perfect win” you think you need to prove you’re smart. The second you get attached, fear shows up and messes with your decisions.
Now imagine the opposite.What if you still worked hard, still took smart trades, still wanted nice things… but you weren’t attached to any of it?

You did your best and then let the result be whatever it is. No freak out if it doesn’t go your way.
That’s what happens when you let go of attachment. The fear starts to melt.A simple example:

You want a new bike that costs $3000.
Your brain says “No way, that’s too much.”
But if your friend offered to give you that exact same bike for free tomorrow… suddenly it feels easy. Nothing changed about the bike.
Only your attachment changed.
That tension you felt? It was never about the $300. It was about what you believe you’re allowed to have.

So here’s a question for you right now:
What do you personally think is “a lot of money”?
$1,000? $10,000? $100,000? A million?Notice how your body feels when the number gets bigger.

That little squeeze of doubt? That’s your learned attachment talking.
Another example there is a first class flight for 10k $. And your mind immediately tells you, that's to expensive. You cannot outperform your subconscious identity. It will always slow you down and sabotage your Life. Sit with this example and really think about it, how attached you are to that number.

Your mind is the one that made it scary. The more you notice these hidden beliefs about money and success, the easier it gets to loosen the grip. But trust me even I sometimes trip out about a 250$ parking fine, and then moments later I realize, yeah whatever I am not attached to this amount.

You don’t have to stop wanting things.
You just stop needing them to go exactly the way your fear tells you they “should.” Oh but I thought that new macbook only costs 500$ instead of 3500$. Its all subconscious.

What are you attached to right now that’s quietly making you anxious?

[bigmaxo @bigmaxo_]

This also applies for traders with self-destructive behaviours. Read and introspect.

[scott 🌞 @scottdomes]

this is going to be very high level since there are layers to this + it looks slightly different for everyone, but in short:
a) notice when the urge to smoke weed arises
b) notice what happens if you sit with that urge, without acting on it -> the feeling that comes up is what’s being avoided (or one of the things)
c) get curious about why that feeling is here + what feels scary about it
d) meet both the feeling and the fear with unconditional compassion & acceptance
e) repeat whenever it arises

d) is probably the toughest step, it takes practice to be able to orient towards sensations/cravings with that kind of accepting warmth. but that’s the big unlock

[Electra @Electrarythm]

If you want to increase your ability to concentrate and have more control over your own mind, try this exercise daily for 5 minutes. It was created by one of the most intelligent men of the 20th century, Rudolf Steiner.

Use an ordinary object (a pencil, clothe spin, clip, book, etc.) and think about it for five minutes every day. You take an object in front of you or in your mind and the first time you describe it to yourself aloud. You can also imagine yourself describing it to a blind person.

Use all your senses and make as many observations as you can in five minutes. Repeat this the next day, you will probably notice new details.

After a while you can ask questions about the object: "What can I do with it?", "What is it made of?", "Why this shape?", "What other shapes could it have?", "Where was it made?", "How did I get it?"," How are the raw materials mined?", etc. You will be able to answer some of these questions. If not, you can search for an answer in an encyclopaedia or on the internet.

Your should be able to determine whether your thoughts are correct, otherwise your thoughts will wander. which is not the intention.

You can repeat what you did the day before and build on your previous thoughts. After some time you will have covered all possible questions, then do it one or two more times until you can really find no more issues to think about. Then follow the same procedure with another object.

When doing this exercise you may notice that your thinking gets clearer and sharper, and that your perception, concentration and objectivity increase. Also, your interest grows.

The difficulty of the exercise is that your mind wanders. The challenge is to be able to think about the object for five minutes, but you will find that your mind wanders to something else very easily, that your thoughts are associative and work automatically. E.g. you think of a pencil and suddenly you see in your mind your grandma with a pencil in her hand, grandma has a budgerigar and suddenly you are thinking about the whistling of this bird. Interrupt such thoughts: you wanted to think about the pencil.

The exercise is called control of the mind. The example just given shows that often there is no control over our thinking. We are thought, our thinking is associative and automatic. We believe that we think, but our thinking is often not focused.

Make sure that you do the exercise every day. You can choose a fixed time. Choose a time when you are awake and clear-headed, so not after dinner, but for example before or after breakfast or at 8 o'clock at night. You can also do it while waiting for the train, in a spare moment. Doing the exercise with two or three objects should be sufficient.

[Alystyr @AlystyrX]

This book just came out, and it may be worth your time to read it. Be prepared, it’s uncomfortable.

[bigmaxo @bigmaxo_]

@capicrypto @aipomyy blood moon cook up

[bigmaxo @bigmaxo_]

@Albert_618

[Gian Luca @materagian]

If I hadn't closed that position I would be funded.
Another quote I've heard countless times.

It feels like the truest thing in the world when you say it. but its the biggest bs ever

You were mentally not able to execute or hold the trade. So first stop that woulda shoulda coulda bs. It's not existent, you didn't managed the trade. Stop lying to yourself with these fairytales.

Here is what actually happens in your body when a trade goes wrong or you manage the trade bad.
Your nervous system fires like you got chased, Heart rate spikes, Jaw tightens. You cannot think clearly because thinking clearly is not the body's priority right now, surviving is. I've talked about this countless times in previous posts.

The problem is you are still staring at the charts while this is happening. And its the same thing either you are to scared to execute or to overconfident, it goes both ways.
You look back and calculate what your PnL would have been if you hadn’t exited.

You tell yourself: “I was right, the only reason it didn’t work is because INSERT HERE ANY EXCUSE”

Now you feel smart with your analysis, but your not. It’s just your brain trying to find a way to reduce the stress you’re feeling.

Lets talk about nature.
Animals in the wild do something interesting after a predator attacks. They walk around. You can see them shake!! for a moment and then they relax and become calm again. Important is they shake! Physical movement!!!!

Not journaling like you(if ur even doing it). No "what did I do wrong." The body resets itself, and then the animal is back to normal.
Traders skip this step entirely. The trade closes, the loss registers, and they are already considering taking the next stupid trade just to avoid the feeling of the loss.

you cannot think your way out of a feeling when your body is still in the stress state. The thinking part of your brain is offline. You are doing math with a computer that is not plugged in.
The reset is not about mindset. It is about getting the body back to a baseline where the thinking brain can actually work again.

I said it 1000 times, A walk. Actual physical movement. Not scrolling your phone, not watching another trader's recap video. Moving your body until the jaw loosens and the chest stops feeling tight.

So stop making decisions while ur body is still in fight mode.

This needs to be your skill set, understanding your body and mind how it reacts and act before you explode
I still catch myself doing it. Loss hits, and I am already trying to revenge trade before I have taken a single breath. The "I would have been funded" story is always waiting there.
Do u step away from the screen after a losing trade?