Daniel Bösch

product manager, part-time Fx-trader and longterm stock investor. Living at the beautiful lake of constance

[Mark Minervini @markminervini]

5 Principles to Build Your Trading Career On
1. Get off the money, get off results and concentrate purely on perfecting process.
2. Commit to just one style. Commit to just one mentor; someone who has already achieved what you are aiming to accomplish.
3. Don’t judge too soon. Turn off the clock. Commit to unconditional persistence. Give yourself time to succeed.
4. Embrace all results as valuable teachers – get curious about your losses or mistakes and look for lessons.
5. Make your trading a priority that you focus on EVERY DAY!

[Mark Minervini @markminervini]

Quote of the day...

[Mark Minervini @markminervini]

I have learned that the most powerful tools to succeed are priorities, willingness and persistence. If you make something your #1 priority, you are willing to do whatever it takes to get it, and you advance in its direction with unconditional persistence... you cannot fail!

[Mark Minervini @markminervini]

If you are not living the life you imagined, it’s because someone or something convinced you that you weren’t smart enough or talented enough, and you believed it. They lied to you!! You can do far more than even your own wild imagination... amazing things! This I guarantee 💯%.

[Mark Minervini @markminervini]

We are 16-months into this bear market. If you are feeling worn out and frustrated, know that so are many others in the market... and that's precisely what creates a major bottom. It may get worse before it get better. The key is to remain disciplined and not to lose sight of the goal; that is to keep your account intact so you have the majority of your capital available to deploy when the next bull market unleashes. Every bear market leads to a bull market, but only the disciplined stand the test of time and make the big money.

[Trading Composure @TradingComposur]

Don't focus on making back your losses.

That's a gambler's mentality.

"I have to be made whole again right now."

The better approach is to focus on trading well.

If you do, you will make back what you lost -and more!

[Michael Burry Stock Tracker ♟ @burrytracker]

Michael Burry just tweeted "It is possible today we found our Enron."

Silicon Valley Bank is down 80% in one day

Wild.

[Trading Paradigm @MattThomasTP]

Don’t use trading to fulfill your unmet desires for approval, recognition, security, thrills, etc. - unless you want to lose money.

[Trading Composure @TradingComposur]

Be mindful of your emotional triggers.

If you notice that you're getting caught up in fear, greed, and impulsivity, take a break from trading.

Come back the next day.

New perspective, new day, new opportunities.

[Trading Paradigm @MattThomasTP]

1. Better Awareness → 2. Better Decisions → 3. Better Results

(1/4)

[Daniel Bösch @BoeschDaniel692]

@MattThomasTP @readwise save thread!

[Sara | Perception & Performance @PerceptivTrader]

Assume that every challenge in trading can be overcome by the most disciplined version of yourself, then make the effort to discipline yourself to become that trader.

[Prof. Feynman @ProfFeynman]

Do not use your energy to worry. Use your energy to believe, to create, to learn, to think and to grow.

[stockbee @PradeepBonde]

Set up a trading factory. Well-established setups and processes to extract money from the market by doing the same thing in the same way, in the same set of sequences. Adjusted for Situational Awareness

[Tradeciety - Rolf @Tradeciety]

Knowing when NOT to trade is a really important skill, people always find reason that they need to trade this or that.

But what you actually must be doing is to trade like a sniper, waiting only for the best setups and try not to screw up in the meantime.

[Trading Paradigm @MattThomasTP]

Putting less of an emphasis on short-term results is confusing for those who choose to pursue active trading because it seems contradictory. But even though active trading is short-term in nature, it still requires a long-term outlook from a probabilistic/risk-reward perspective.

[Trading Paradigm @MattThomasTP]

Do not judge an individual trade based on the outcome (profit=good/loss=bad). Instead, judge based on process and execution (expected value, risk management, etc). Good decision-making isn't always instantly rewarded by the market. Have a longer-term, process-focused perspective.

[Julian Komar 🚨 Market Update Premium @BlogJulianKomar]

Great #quote from Michael Lamothe

[Jessica (Forextips101) @fxtips101]

Something simple that has saved me a lot of money is learning to respect market conditions. My strategy performs like shit in a ranging market. Just because you want to trade doesn’t mean you should.

[Trading Composure @TradingComposur]

Patience is a muscle.

Want to develop it?

Close Tiktok and pick up a book.

Reading requires discipline and trains your brain to delay gratification, unlike endless social media scrolling.