This is free advice from an expensive psychologist. If you’re an anxious person, do everything for fun. Go to a job interview for fun. Submit documents for fun. Start a blog for fun. Anxiety feeds on importance. Don’t make everything a matter of life and death.
Nobody tells you this: You can win by just embracing what most people avoid. Wake up early. Focus. Move your body. Eat real foods. Obsess over one thing. Read old books. Be present. Listen intently. Change your mind. Have difficult conversations. The recipe for a good life.
Warren Buffett: "Any time we find anything that makes sense to us, we will do it. The harder part is to make sure that we don't do something when we don't find something that makes sense. That's the bigger worry."
@exitliquid1ty hone your process, results are simply a byproduct of having a good process & strong work ethic, so as long as markets exist you'll be able to make it back if you're focused
Honestly, I’m completely lost for words. If profits deserve government’s share, what about losses? Will you pay us 30% of our losses too? Or is risk only for citizens? What are you even talking about, @nirmalasitaran? This sounds absurd, unfair, and deeply disconnected from reality and economic logic altogether missing.
Act with some sense @FinMinIndia@nsitharaman@nsitharamanoffc
You can’t expect me to to have same opinion as ur opinion on the stocks . The market exists because of differences in opinions without that, there would be no transactions .
If a neutral or -ve comment shakes your conviction, it wasn’t conviction, just comfort in herd validation
Made better gains lately in GMB, DCB, ATHER than returns anyone can pull off in TDPR, NETWB, NVD.
Lesson: you don’t need the hottest tickers just the setups that fit your edge, sane sizing, and discipline.
Alpha isn’t universal, it’s personal.
THE ART OF WAITING: WAIT WITHOUT WAITING✋
Most of our work involves waiting.
To improve the quality of our work, we must master the art of waiting.
Many novice traders get anxious when they're not participating in the market and tend to force trades, which is a big mistake.
A trader's job is to use a verified edge system to collect a large number of trade samples under the same conditions, maximizing the system's edge.
For that, it is essential to wait for the right timing.
To leverage the law of probabilities, you need a large number of samples, but many people misunderstand this and think they need to trade a lot.
The more you try to increase the number, the more you'll end up making unnecessary trades.
This is because the number of trades is not something you can increase at will.
As a result, you'll produce trades you don't need to, lowering the quality of your trade samples.
Don't focus on trading a lot.
That's not something you can control.
What's important is that you continue to do the necessary trades over time and end up with a large number of samples.
You must narrow down the trades you should do and only trade at the most advantageous points.
Even if this results in fewer trades and you can only trade a few times a week, or even not at all in a week, it's not a problem.
Even if you only have 2 or 3 trade opportunities a week, you will collect over 100 high-quality trade samples in a year.
That's perfectly fine.
Probability works on the trade samples you collect.
It's important to take the time to build a large sample of high-quality trades.
Think long-term, not short-term.
Traders who can't wait may lack understanding of their strategy or may not properly understand probabilistic thinking and the law of large numbers.
If you fully understand what positively impacts your trade results, you will never engage in actions that lower the quality of your trade samples.
Often, improving the quality of our work as traders comes from "doing nothing."
If your trading timing is unclear, repeat backtesting and practice to clarify vague rules.
If you're unsure about decision points, it's important to research statistically advantageous options.
If you fully prepare and understand a trader's job, you can naturally wait without any anxiety.
You know you are doing the right thing.
By the way, while I'm waiting for a trade, I don't think about trading at all and focus on other things.
I even forget that I'm waiting.
Just take the right action at the right time.
It's like waiting to brush your teeth—you don't anxiously wait for the next time you'll brush.
When the time comes, you just brush your teeth.
This is what it means to "wait without waiting."
There is no conscious waiting.
Recognizing that doing nothing now is the right thing and being able to "wait without any anxiety" is an invisible but significant skill that separates excellent traders from the rest.
The most successful traders focus on what they do well, and let go of everything else. They know what they're good at, and they don't try to be something they're not.
It's like I said:
A huge part of my edge is I know I'm always one step away from acting like a cunt
And half of you think you're one step away from being someone special