@PathosSeek Iโm with ya man. Iโve been adding on a weekly basis, I believe in them. The nice thing is that this sell off has been extremely low in volume.
Hereโs to hoping for a good report, that should give the stock a better direction. Good luck brother
Most people get into trading for the same reason: make some extra money and improve their life
Along the way most people focus however on how to make that money as fast as possible. This is the wrong approach. The approach should be how can I get to a point quickly where I can relatively consistently be green every month. Start there.
When you start on average, even $100 a day can make a decent difference to your life at the end of the year. It can pay some bills, a few extra payments on your mortgage, a vacation or it gives you options to invest in yourself
People forget to account for the fact that losing money is not only lost capital, lost time but also causes a lot of added stress mentally. It affects your daily life, your mood, things at home. This only leads to more spiraling in an effort to make money back. Some never get out of this loop.
But if you want my advice, just give yourself time and grace. None of this is easy which is why most cant make it. But if you are patient both with yourself and overall, after the initial learning phase you will get to a point where you can make that 100 bucks with relative consistency. From there on, its just numbers, then you shoot for 200, 500 etc. On a monthly level thats 10k, so 6 figures in annual income. That alone for a vast majority of people is a game changer. 500 bucks a day.
So dont lose sight of the long term picture here. We go through the initial pain so we can enjoy the fruits of both our labor and the time we put in. Dont do a disservice to yourself by being short sighted or just focus on making money today or tomorrow or this week. Think about how you can do so for 20 30 40 years.
When you think in those terms, taking 3-5 years to get decent is not a big sacrifice. As in all things in life, operate under the right frame and donโt have unrealistic expectations.
@PathosSeek The price action is genuinely terrible. We should have held that earnings gap and consolidated but instead we just round tripped the whole move. I am a long term investor, itโs frustrating to see. Next earnings will be a big indicator but itโs elevated risk to buy before
@Biotech2k1@Adubtrades1@grok Well you still need humans to develop models and train data. Human factor will always be there. But also you donโt think they will have an AI product to help them train data?
Trading is really simple, you just need to:
1. Stop trying to get rich this month.
2. Accept that randomness exists.
3. Define one setup.
4. Delete the other five.
5. Risk less than you want to.
6. Cut size in half.
7. Then cut it again.
8. Stop watching PnL during the trade.
9. Decide risk before entry.
10. Never move a stop further away.
11. Know your win rate.
12. Know your average risk-reward.
13. Know your max historical drawdown.
14. Be emotionally prepared for double that drawdown.
15. Stop trading when tired.
16. Stop trading when emotional.
17. Stop trading after revenge impulses.
18. Stop trading to feel productive.
19. Stop trading boredom.
20. Learn to sit on your hands.
21. Learn to miss moves without emotional reaction.
22. Accept that you will never catch every move.
23. Accept that FOMO is self-sabotage.
24. Stop increasing size after a win streak.
25. Stop increasing size after a loss streak.
26. Journal emotional state, not just entries.
27. Identify your tilt pattern.
28. Identify your self-sabotage trigger.
29. Remove the trigger.
30. Build a daily routine.
31. Sleep properly.
32. Train your body.
33. Control caffeine intake.
34. Breathe before entries.
35. Separate self-worth from PnL.
36. Detach from needing to be right.
37. Accept losing trades calmly.
38. Let winners run to plan.
39. Stop micromanaging trades.
40. Backtest at least 200 samples.
41. Forward test small.
42. Prove consistency before scaling.
43. Increase size slowly.
44. Never scale emotionally.
45. Track R, not dollars.
46. Focus on process, not outcome.
47. Measure execution accuracy.
48. Grade yourself weekly.
49. Eliminate one mistake at a time.
50. Avoid strategy hopping.
51. Avoid indicator addiction.
52. Avoid over-optimization.
53. Avoid copying random traders.
54. Build conviction through data.
55. Trade one session.
56. Trade one instrument.
57. Master one timeframe.
58. Understand volatility conditions.
59. Define when not to trade.
60. Define invalidation clearly.
61. Accept missed profits.
62. Respect maximum daily loss.
63. Stop trading after hitting daily max loss.
64. Stop trading after emotional spikes.
65. Review screenshots daily.
66. Review losing trades deeper than winners.
67. Identify if you cut winners early.
68. Identify if you hold losers too long.
69. Fix asymmetry.
70. Protect capital aggressively.
71. Treat capital as inventory.
72. Understand position sizing math.
73. Respect compounding.
74. Avoid all-in mentality.
75. Avoid โthis is the oneโ thinking.
76. Trade like a statistician.
77. Build tolerance for drawdowns.
78. Accept flat months.
79. Accept slow growth.
80. Accept boredom.
81. Build patience intentionally.
82. Train focus daily.
83. Reduce dopamine addiction.
84. Avoid constant comparison.
85. Stop looking for holy grails.
86. Accept you are the main variable.
87. Accept your psychology matters more than entries.
88. Accept uncertainty permanently.
89. Protect downside first.
90. Scale only after consistency.
91. Never trade to recover.
92. Never trade to prove.
93. Never trade to escape.
94. Trade to execute, nothing more.
95. Stay small until stable.
96. Prioritize survival over speed.
97. Build emotional stability before size.
98. Respect your system even when bored.
99. Think in years, not days.
100. Stay in the game long enough to let probability work.
@Jet_RL@zakyychan@Underdog Itโs not cherry picking, itโs an interesting statistic. You mustโve lost your championship last night acting like this online you dweeb
The hardest part about trading is not clicking the buttons.
Its having the patience to wait for your A+ setup
Once you master the discipline to wait, trading will finally click.