1) Emotion control.
- Discipline.
- Patience.
- Confidence in your setup.
2) Model.
- Planning.
- System execution.
- Risk mitigation.
If you can get all of this down, you can be a successful trader.
A decent model and risk management is all you need.
- 25% win ratio and 1:3 RR is breakeven.
- 33% win ratio and a 1:2 RR is breakeven.
- 50% win ratio and a 1:1 RR is breakeven.
Have your model.
Then execute fearlessly.
What’s above you is not hard to achieve.
Losses Don't bother me because Winning is not my goal.
My goal is to take the best trade within my model every day.
As long as I do that, then the probability will play out in my favor.
The best revenge is healing, unlearning your own toxic patterns, being honest with yourself about what you tolerated and how much you participated in your own suffering, enforcing your boundaries, not becoming like those who traumatized you, and letting karma take care of them.
You have to approach trading from a "0 expectations" perspective.
Your A setup can be a loss.
Your C setup can be a win.
Your best winner can reverse on you.
Your certain loser can yield positive results.
It's just about following your system, relentlessly.
6 months left.
Do this:
- Trade 1 setup
- Focus 100% on risk
- Aim for consistency
- Think in probabilities
- Don't give up after 1 loss
You will thank yourself at the end of 2024.