1st million: Mountain climb
2nd million: Downhill cruise
But truly:
It's not about the Ms in your bank
It's about who you become chasing them
You gotta level up beyond the 99%
Build different DNA
Forge unbreakable character
The money's just proof of the transformation
We have strategies for days like this
--Chase the gap or wait for VWAP
Pullback to VWAP and go, etc
Dont be scared off by gaps
don't be reactive, wait for low risk entries
A 10% loss requires a 11% gain to get back to even
A 20% loss requires a 25% gain to get back to even
A 50% loss requires a 100% gain to get back to even
A 90% loss requires a 900% gain to get back to even
Huge gains aren't easy & big losses destroy capital: Avoid big losses!
You can't control the market
But you CAN control:
Your entries
Your stops
Your size
Your mindset
Your response to PA
That's your edge
That's your power
Markets move how they want
But you choose how you move with them
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Does anyone know of a website to keep an online trade journal that syncs your brokerage account to get a log of all your trades for your trader diagnostics? #Crossingfingers
This current bull market is 16 months old and up more than 97% from the March 2020 lows.
It very well could be the fastest bull market ever to double. The previous fastest was the 2009 bull in just over 2 years.
FYI the avg. bull market takes about 4.5 years to double.
"You gain 100% and lose 50% 10 times, you break even. You gain 10% and lose 5% 10 times, you make 71.64%. The key to big returns is optimal math, not the biggest wins." - @markminervini