If ur new to trading just know even when it feels like u arent getting anywhere u are. Every day u spend in the market ur gaining lived experience whether u realize it or not.
I always say trading never really clicks until youve been through all different types of market cycles. Just living through different environments ur mind/body is taking it all in subconsciously and when similar stuff happens again u start to recognize and it feels familiar
Never understood why people dont get even the all time greats get things wrong most of the time. If you are right most of the time the chances when you are wrong your account gets taken to the car wash because you ignore risk.
What Mir doesnโt seem to understand is the idea of strong opinions, loosely held.
I make predictions every single day. My own stats say Iโm wrong 63% of the time.
If trading was about predicting the future, Iโd be broke.
The idea that great traders succeed because theyโre better at forecasting is complete nonsense. Great traders succeed because they react fast when the market proves them wrong.
I cut losers immediately. I press winners. And the second I get an expectation breaker, I throw my previous opinion in the trash without a second thought.
The market doesnโt pay you for being right. It pays you for managing risk and adapting.
Anyone who thinks this business is about making perfect predictions has fundamentally misunderstood what trading actually is.
@NickSchmidt I never had a profitable year but finally put in the work to a strategy and risk management so when the market has been poor I was doing well and know my too trades but even those setups aren't working. Everything felt like it was clicking. Will need a hard reset.
This was me in March.
The market makes everything look like opportunity. If you are looking for something to do you will always find it. Thatโs exactly what makes trading so difficult.
I know by now discipline is not enough to keep my from overtradingโฆ I have to step away from the screens
dont think ive had such a rough time navigating the market in a while on best choice. means i should be sitting out yet not full out. im my worst enemy