@NQStats Sorry, I mispoke, but thank you for your help. Another question: as you did state, there's a range you should ideally be looking for (20 - 50pts) to consider a reversion back to the mean. Would you say that still applies with a market that has changed and just has larger ranges?
@NQStats I've been backtesting and understanding the model and knowing when it works best, but I have trouble holding past the mean reversion. Any advice?
You are one trade away from that breakthrough
One mile away from breaking that personal record
One position away from that best consistency score
One more step to make it
Consistency
Discipline.
all there is to it.
The phases of going from an unprofitable to a profitable trader:
1- Yearning: Wishing to earn money, daydreaming of Lambos, Rolexes and mansions.
2- Learning: studying the charts like a maniac until it clicks (Most quit here).
3- Earning: A waterfall of money falls on you.
Young trader,
It may take you 6 months,
It may take you 12 months,
It may take you 2 years,
It may take you 5 years,
But trust me, in the end, it's all worth it.
That payout is waiting for you.
Behind a wall of patience.
A wall of your system.
A wall of discipline.
It’s achievable in 1/2 months.
As soon as you get that first one,
You realise it isn’t rocket science.
Hurry up and go get it.
You'll have nights where you get 3 hours of sleep.
Days where nothing works.
Moments where you feel completely alone.
That's completely normal.
Keep pushing.
Reality will catch up with your vision eventually.
Until that time comes, hold on tight.
You’re too deep in this to quit, you’ve invested too much, keep moving forward.
Once it clicks, years of losses will be eliminated by weeks of success.
Thread 🧵
I started this journey of trading in 2014 with a mere $2,000
Became a millionaire by 2021
No prop firm help
No rich family
No connections
No college higher education
I was just a broke guy with a vision for more
Here is how I was able to make it happen quickly 👇
I AM ABOUT TO WALK INTO THE MOST ABUNDANT BALANCED WEALTHY AND SUCCESSFUL PERIOD OF MY LIFE. I NATURALLY ATTRACT GOOD FORTUNE, AND I AM WEALTHY IN MORE WAYS THAN ONE. I GIVE MYSELF PERMISSION TO PROSPER, AND I HAVE THE POWER TO BUILD THE LIFE THAT I DESIRE.
- Identify draw on liquidity
- Wait for CISD
- Enter and target the liquidity
Literally the easiest entry model out there.
Happens day in and day out.
Pair that with time and narrative, there's nothing like it.
You're so close.
You can almost feel it, but you are just not sure if you can achieve it.
Let me tell you something.
You might be one lecture away,
You might be one backtest session away,
You might be one late night focus session away,
From experiencing your biggest lightbulb moment yet.
Don't throw in the towel now.
I don't care how shitty your situation might be.
I don't care how much pain you might experience right now.
There's only one solution to solving your current situation and that is moving forward.
KEEP MOVING FORWARD.
Your future self will thank you for persevering.
The Plan To Make $15,000/Month Profit with 90 Minutes A Day.
I've been trading for 5 years now.
And in the first 3 years, I was unprofitable. I lost over $20,000 to the markets.
I learned a lot of lessons along the way.
Some of them go against the conventional advice you hear.
I started trading as a way to make a living in 2020.
Now, my focus is much bigger than that.
I want to make money while having complete freedom over my life.
- Time freedom
- Location freedom
- Financial freedom
Fortunately, trading allows me to achieve all three.
I can work for less than 2 hours per day (time freedom)
I can work from any country (location freedom)
And I can make a living from it (financial freedom)
I'm a full-time trader now, and I don't trade for more than 90 minutes a day.
This allows me to spend more time with family, pursue my hobbies, and travel the world.
I want to show you how I did it...
So, I'm starting a public challenge.
The goal is to get to $15,000/month from scratch.
Without trading for more than 90 mins a day.
This way, I can make money while having time to do what I love.
------
Here's The Plan:
1. A simple trading strategy to use
I thought I needed to learn 20 different concepts to be profitable.
But when I studied other profitable traders in the industry...
I saw they all had a simple and clear trading plan.
Their charts weren't filled with 20 different indicators and drawings.
They were simple.
Now, I have a simple trading plan I follow.
It's the CISD Framework and the only trading plan I use.
I have different entry models based on CISDs.
And I use them to execute my trades.
No more complex charts or theories.
It's just a simple, reliable strategy to follow.
-----
2. Managing psychology
When I started, psychology was a big issue for me.
I used to enter into setups without confirmation.
Or get fearful and exit a trade early.
Greed, fear, impatience - I had it all.
I no longer struggle with psychology because I have a solid trading plan.
However, I still keep track of my emotions while trading to ensure I'm on the right path.
So my students can see how I manage my emotions while trading.
I keep them accountable, and they keep me accountable.
-----
3. Risk management
Risk management is key when trading.
Over risk, and you can blow your account.
Under risk, and you won't make any progress.
Following a pre-determined risk is very helpful when trading.
So you know exactly how much to risk when trading.
There's no second-guessing right before you enter a trade.
Fortunately, this is the easiest part of trading.
-----
4. Market conditions
Knowing when not to trade is much more important than knowing when to trade.
Making money is easy, but keeping money is tough.
That's why a lot of traders are unprofitable.
Because they keep giving back their profits to the market.
I know how to identify low-probability trading days and sit them out.
This ensures I don't give back my profits due to bad price action.
Losses are inevitable, but I can definitely minimize them.
-----
5. Freedom over profit
This is my favorite bit.
A lot of people make 6-figures a year at their job.
But very few have freedom over their life.
Let's say I had 2 options:
Option A - Make $15k/month in 2 hours a day
Option B - Make $20k/month in 10 hours a day
I'm choosing Option A any day of the week.
The extra money is useless if I can't enjoy it.
I won't sacrifice time with my loved ones for some extra cash.
So, I have a rule for myself:
I'm only trading for 90 minutes a day (or less)
This is enough for me to make a living.
While having the freedom to do what I wish in my spare time.
-----
This is the plan.
All that's left is execution.
I'll keep you updated as I go.
Follow me @TritonTrades for the journey.
And join the free newsletter for daily updates.
Link in bio.