Hegelian Goose

"Strong conviction isn't about certainty of outcome—it's about confidence in the decision-making process and the expected value calculation."-Brent Donelly

[Steve Burns @SJosephBurns]

Your first 10 trades give you questions.
Your first 100 give you answers.
Your first 300 give you patterns.
Your next 300 show you which patterns actually matter.

Experience is repetition that has been studied, not merely accumulated.

[Hegelian Goose @hegeliangoose]

@SJosephBurns 100%

[Steve Burns @SJosephBurns]

One of the biggest upgrades in trading is learning that every opportunity has a price.

You can wait for more confirmation, but you may sacrifice reward-to-risk.

You can enter earlier, but you accept more uncertainty.

You can use a wider stop, but you must reduce size.

You can demand more profit, but you accept giving more open profit back.

You can trade more frequently, but you accept weaker average opportunities.
There is no perfect trade.

Every advantage you demand from a trade usually requires accepting a disadvantage somewhere else.

[Steve Burns @SJosephBurns]

Separate trading mistakes into four categories:

1. Analysis error: read the chart and situation incorrectly.

2. Execution error: knew what to do but didn't do it.

3. Psychological error: emotions or ego caused a breach in discipline.

4. System loss: did everything correctly and lost anyway.

Only the first three necessarily require fixing.

[Steve Burns @SJosephBurns]

Traders think consistency means making money consistently. It doesn't.

Consistency means behaving consistently while your results remain inconsistent.

That's the nature of a probabilistic game.

[Nebraskangooner @Nebraskangooner]

⭐ You’re not going to catch every move in the market, and you shouldn’t expect to. ⭐

Sometimes price takes off without ever giving you a valid entry. That doesn’t mean you traded it poorly. Your setup simply never triggered.

The real mistake often comes afterward, when you chase the move because you’re frustrated about missing it. By then, the entry is worse, the stop is wider, and most of the favorable risk-to-reward is already gone.

Be okay watching a move happen without you. There will always be another setup.

Missing a move costs you nothing. Chasing it can.

[Compounding Quality @QCompounding]

“We mostly just sit around reading, thinking and waiting.” – Stanley Druckenmiller.

[Steve Burns @SJosephBurns]

Markets produce opportunities constantly.

Today.
Next week.
Next month.
Next year.

Yet traders often treat the position in front of them like it's their last chance to make money.

The more opportunities you believe are coming, the easier it becomes to reject a bad one.

[Reads with Ravi @readswithravi]

An important reminder from Carl Jung:

[Steve Burns @SJosephBurns]

1. There are traders who need action.

2. Traders who need to be right.

3. Traders who need to make money every day.

4. And traders who only need their edge to appear often enough.

The first three are asking something from the market.

The fourth is responding to what the market offers.

[Gurdjieff lore @Megalocosmos]

Fulfill your obligation with consciousness. If you wash plates, your obligation is to wash plates. If you doctor, obligation is to cure. If you are writer, obligation is to write.

G.I. Gurdjieff

[GabSTrades @GabSTrades]

@MarciSilfrain Lol, if you have a job then you are not a trader yet. Another source of income, sure why not.

[Steve Burns @SJosephBurns]

One of the strangest things about professional trading:

Research can be work.
Backtesting can be work.
Waiting can be work.
Doing nothing can be work.

The easiest activity is actually placing a trade. That’s what messes up so many new traders.

[Hegelian Goose @hegeliangoose]

@CassiusCuvee Losing all hope was freedom

[Hegelian Goose @hegeliangoose]

@reatlashype Stop crying and prepare a setup for monday

[Investment Wisdom @InvestingCanons]

Charlie Munger: “If you have a slight tendency for deferred-gratification and you can feed that tendency, you’re on the way to prosperity and happiness.

It’s the demand for immediate gratification that is the way to ruin...”

[Hegelian Goose @hegeliangoose]

@lilbubble @fLH3x_33 absolute chad and legend

[Hegelian Goose @hegeliangoose]

@johnnyweakhands @SalsaTekila so you're saying you're not gay but a $20 is a $20 basically

[Hegelian Goose @hegeliangoose]

@tradergeo_yt @iamdisplacement https://t.co/h3h9qM12fp