Church of Trading ⛪
Where traders confess, suffer & learn.
Trading is not a strategy.
It’s a belief system.
Satire | Psychology | Trading
Not financial advice
Trading is not a strategy.
It’s a belief system.
Your strategy isn’t the problem.
You are.
Most traders don’t fail because of the market.
They fail because of what they believe.
Welcome to the Church of Trading ⛪
@AdamWTrades Everyone claims to be profitable, but almost no one can show real proof or an audited track record. There are a few rare exceptions, but you’re spot on.
@tradertheory First, stop trying to get profitable so fast. Focus on the process.
Trading is not just about improving your strategy. It forces you to improve your discipline, routines and decision-making across your entire life.
Profitable traders are built long before the P&L proves it.
The Omen 👁️
The bond market is moving again.
US 10-year Treasury yields have risen sharply over the past few days, while the S&P 500 and other major equity indices have started to fall.
The correlation is back in focus.
Will this move continue?
Rules 1 and 2 are probably the most important. Stop comparing yourself to social media. Most of it is fake anyway. And stop strategy hopping. Every time you switch models, you reset part of your experience and start over. Real progress comes from compounding knowledge within the same system.
@tradermike1234 RR and win rate are always a trade-off. I agree that an RR between 1,5-2 combined with a high win rate makes it much easier to stay consistent.
@WOLF_TradingX The hairline seems to correlate pretty well with the timeframe.😂 Swing trading is probably the best choice for most traders. Less pressure, fewer decisions and more time to think. It's much easier to stay disciplined than with the first two.
@jtrader Focus on the process and becoming the best version of yourself. The best traders aren't just disciplined in the markets. They are disciplined in every area of their lives.
The Revelation Update ⛪
I missed the entry on this one. Price moved much faster than expected and I missed the move. Never chase a move after missing the entry. Wait patiently for the next opportunity. If we see another retracement, I will look for a new opportunity to enter.
Follow the trend.
The Revelation ⛪
This is one of the setups I am currently watching.
The higher timeframe uptrend in the Nikkei remains intact. Price is currently reacting at the Fibonacci Golden Pocket, while the VWAP provides additional support. If price can hold this level and form a consolidation, there could be an interesting long opportunity towards the previous all-time high.
Follow the trend.