@jadecap_@ImreSG Gotta admit stuff was going over my head a lot and I had to turn it off cause I was getting confused… I’ll start over and try again 👨🏾💻
Traders will look at 7 red days and think "losing streak."
Look closer.
Day 1: Revenge trade after morning loss
Day 2: Doubled size to "make it back"
Day 3: Traded past your time limit
Day 4: Took a setup you know doesn't work
Day 5: Ignored your stop loss
Day 6: Traded when frustrated
Day 7: All of the above
That's not a streak. That's a pattern destroying your account.
A successful trader is just a losing trader that didnt quit
This person faced failure countless times, sleepless nights beatin their head on the desk, criticism from friends & family
But said to themselves, you know what
In the end it WILL be worth it & kept pushing
Dont stop
If you’re a trader, you really need to understand taxes and structure operating as a business.
There are so many ways to not only save on taxes but invest in assets which can help grow your wealth.
S-corp to avoid self employment tax.
Buy investments using company funds so they don’t get taxed as distributions.
Asset depreciation to front load into shorter timelines.
Equipment/office improvements to elevate your trading environment and improve performance.
Continued education to sharpen your edge.
These are all things that the average person doesn’t understand.. but we’re not in the business of being average.
I spoke a fair bit about it on stream today. Check it out here.
https://t.co/rT1dsJ7xm6
I know this sounds backwards.
Everything in trading tells you to "get more reps." Be active. Stay busy. Grind harder.
It's all bad advice.
I learned this the hard way after burning myself out trying to trade every single session. Asian, London, New York. Then the rollover. It never stopped.
I was choosing volume over accuracy. Shotgun method instead of sniper method.
You know what I was really doing?
Trading for activity. Trading to get my dopamine fix. Trading to feel busy.
But I wasn't making money.
Some of my biggest months? I barely worked at all.
My best trades happened when I placed them and went to sleep. Woke up in profit because I wasn't there to screw it up.
The best traders in the world wait for select opportunities. They're not risking full size every day like maniacs.
Here's the truth nobody wants to hear:
You can't learn anything taking 40 trades a day.
It's impossible. Your brain can't process that much information and actually retain it.
Take one quality trade. Learn everything you can from that one execution. That's how you improve.
When you're constantly active in the markets, you're not trading. You're gambling. You're feeding an addiction.
The market rewards patience, not activity.
As a full-time trader, I haven’t had a year where I felt like I was on the top of my game for 12 straight months.
Every year I’ve had months of outperformance and underperformance.
A select few months often would make my entire year.
To expect that you’re going to perform all year round is unrealistic.
The key is that you continue showing up regardless.