A "cognitive bias" is a systematic error in thinking that distorts decision-making.
The greatest thinkers like Musk, Munger, Tesla, and Feynman... all learned to avoid them.
The 7 most powerful cognitive biases I've found:
All you need to know about timeframes⏲️
Managing and switching the timeframes effectively is very crucial in a trading plan💯
Credits : @arjoio 🫂
A Thread
ICT is difficult to master as there are so many things to understand.
The one concept that ties everything together, is also the most commonly misunderstood:
Daily Bias.
Here's a master thread that will help you put it all together
Full course in a thread 🧵
32 Rules for Men in their 20s.
1. Develop a high stress tolerance.
2. Show respect to get respect.
3. Be a nice person, not a good guy.
4. Choose discipline over desire.
5. Train 3-5x per week.
6. Don’t procrastinate.
7. Stay focused.
8. Cut off distractions.
9. Start investing now.
10. Embrace discomfort.
11. Don’t kill your ego, use it.
12. Don’t chase women.
13. Work hard.
14. Learn a monetizable skill.
15. Eat real food.
16. Be self-accountable.
17. Never settle for good enough.
18. Take more risks.
19. Start a business.
20. Keep your family close.
21. Practice some kind of martial arts.
22. Have a network of competent men.
23. Study how money works.
24. Don’t ask for handouts.
25. Earn your stripes.
26. Stick to a routine.
27. Stay away from negative people.
28. Think critically.
29. Don't snake people.
30. Don't gossip.
31. Don’t follow what everybody else’s doing.
32. Last but not least, genuinely believe in yourself.
If you think you can't, you already failed before you start.
It's easy to blame external factors for our shortcomings, but the truth is, most of the obstacles we face are the result of our decisions.
Own them and leave them behind.
I came across a book that said:
Your body is a reflection of your daily habits.
Your wealth is a reflection of your daily habits.
Your mood is a reflection of your daily habits.
Most of your perceived problems are your own fault.
The sooner you own it, the sooner you can fix it.
Our habits are literally garments worn by our personalities. They are not accidental, We have them because they fit us. They are consistent with our self-image and our entire personality pattern.