@jacksonhinkle China has hybrid government. A communist government that realized the only way you become prosperous was to have a capitalistic economy.
@Reformed_Trader I'm not a perma bear. I trade long most of the time. But the truth is the truth. One day it will collapse. When that happens, who knows? But it's inevitable! You can call me crazy but you are a fool to believe they can do this indefinitely. So, in the meantime I trade what I see
@ThriveSnap@felipeguirao If I had a system worth sharing, I wouldn't be selective in what I shared with others. I would share the whole system! It would be better not to share anything than to leave the most important part out. Unless of course you left it out so people would have to purchase the rest.
@subway your app was terrible and clunky but you made to where it was probably one of the easiest apps that I use. However, for some reason, only God knows, you've decided to destroy it by opening it with a damn video. Which makes it much more difficult to use. Why?
If you learn how to let go of trades that aren't working, it will increase your confidence as a trader.
You'll be able to trade more aggressively because you won't be afraid of losing too much on an idea that isn't working out.
"The favorable chart in the bullish group will often quickly advance 50 to 75 percent while the equally bullish chart in a bearish group may struggle to a 5 or 10 percent gain."
Stan Weinstein
“Everyone wants to win — until they realize how many losses it takes.”
October has been one of the toughest months for me (and likely for some of you), especially when comparing LoD stops based sizing swing traders vs. % stops based sizing position traders. I’ve had 16 straight losses — but each one was small, contained, and the streak was fully within the expected variance range of a 30% win rate.
While it can be challenging for some of us, the key to navigating this, both mentally and emotionally, lies in accepting uncertainty through predefined risk management, where every trade has a clearly defined pain threshold. Your dollar-value tolerance should never trigger emotional reactions or push you off your intended plan. By acknowledging that losses are part of the process, we enter each trade with humility — assuming we may be wrong until proven right. The market must prove and continue to prove the validity of our thesis.
Start small, and let your risk grow only as your consistency and performance justify it. I always advocate using a fixed % risk relative to your latest net realized equity. Don’t increase risk just because you’ve had a few good trades — risk should only expand when it’s truly earned from realized profitable performance.
Avoid the illusion that everyone wins in trading. The real objective is not just to make gains, but to preserve them. True risk management goes far beyond setting stop losses — it means being proactive enough to cut size when the market proves you wrong. In the end, the trader who manages losses best will always outlast the rest.
“The best loser is the long-term winner.” - Phantom of the Pit
For the first 5 years I spent my time optimizing a strategy that matched someone else’s personality instead of one that matched mine.
I kept trying to trade aggressively and actively because that’s what I saw working for other people but I was fighting my own wiring every single day and wondering why it felt so hard.
When I analyzed myself these 5 things were clear to me:
• I’m indecisive and don’t want to make daily decisions
• I prefer holding over constantly entering or exiting
• The more I watch the market, the more I’m tempted to act
• My best trades were held for months
• Longer-term trends are easier to identify and time
I had all the technical info I already needed but it was clear to me I had to take bits and pieces to build a system around my actual temperament instead of who I thought I should be. When I did this everything got easier because I was trading the market in a way that complimented me. Decisions felt more natural and day to day felt less stressful.
My biggest takeaway from this was that everybody is trying to become a trader instead of becoming a version of themselves that can trade. Those are opposite directions.
@BrianLeeTrades@Clement_Ang17 Interesting! I do the same thing. It almost feels like a mental reset for me and the pressure that has been building is released.