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NFTS, Trader📈

[ポール @Lessizmoo]

@SJosephBurns It took me long to overcome fear of losing

[Steve Burns @SJosephBurns]

Experienced traders become comfortable with three things beginners hate:

Being wrong.
Missing trades.
Holding cash.

Experience changes what feels like failure.

[ポール @Lessizmoo]

@SJosephBurns Strange profession

[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.

[ポール @Lessizmoo]

@SJosephBurns Takes years to get there

[Jdun Trades @Jduntrades]

There’s no ‘lightbulb’ moment in trading where everything becomes easy

With 10 years of experience, let me tell you what actually happens when you become profitable

1) You become a great loser. Your losses don’t impact your mood, your self esteem, or your daily life. You understand that they are simply a cost of doing business, similar to an entrepreneur paying rent, payroll, etc.

2) You become confident in your entries, as if you’ve seen the set ups play out 1,000 times… because you have. You get repetition to leads to confident execution day after day. You can’t buy that, it comes with time.

3) You bring a calm and collected energy with you into each trading day. The nervous, guessing, confused feeling goes away. You execute with precision. You’ve seen yourself make $100, $1,000, $10,000, in an hour, and you know what it takes to do it again.

The only way this becomes your reality is staying a student of the game, refusing to quit, and letting go of the ego and bad habits that have been holding you back.

[Steve Burns @SJosephBurns]

Trading starts as a search for the right strategy.

Then something interesting happens.
You find a strategy that works and discover a new problem: You.

The final optimization is often the trader executing the system.

[ポール @Lessizmoo]

@SJosephBurns Waiting for weeks while watching missed entries

[Steve Burns @SJosephBurns]

A trading strategy can be boring for weeks before becoming valuable for days.

That's why impatience is so expensive.
It convinces you to abandon the process during the exact period required to reach the opportunity.

You have to survive the waiting to capture the trend.

[Steve Burns @SJosephBurns]

One of the biggest upgrades a trader can make is changing the definition of a successful day.

No setup + no trade = success.
Valid setup + planned loss = success.
Valid setup + planned win = success.

Execution is the score. P&L is the outcome.

[Steve Burns @SJosephBurns]

The best form of self-improvement is a profitable trading system with an edge.

[Steve Burns @SJosephBurns]

Every trade needs four answers:

Entry: Where do I get in?
Stop: Where am I wrong?
Risk: How much can I lose?
Exit: Where do I take profits?

If you can't answer all four, you don't have a trading plan yet.

[Steve Burns @SJosephBurns]

After enough years in markets, you stop fearing missed trades.

You fear:
Too much leverage.
Too much confidence.
Too much exposure to one idea.

Veteran traders know the biggest threat usually comes from too much, not too little.

[Steve Burns @SJosephBurns]

Trading exposes the difference between patience and hesitation.

Patience is waiting because your setup isn't there.

Hesitation is waiting after your setup appears because you're afraid to be wrong.

They look similar from the outside.
Your trading plan tells you which one you're doing.

[Steve Burns @SJosephBurns]

A chart pattern has three stages:

1. Construction → price builds the structure.

2. Trigger → price breaks the critical level.

3. Validation → price proves it can continue beyond the breakout.

Recognizing the shape is only step one.
The trade begins when price confirms the breakout signal.

[Steve Burns @SJosephBurns]

Expect losing trades.
Expect false breakouts.
Expect missed opportunities.
Expect drawdowns.
Expect the market to occasionally make your best analysis look foolish.

Trading becomes psychologically easier when normal market behavior stops surprising you.

[Steve Burns @SJosephBurns]

Volume tells you how hard the market is pushing.

Price rising + volume expanding = stronger demand.

Price rising + volume fading = weakening participation.

Price falling + volume expanding = stronger selling pressure.

Price falling + volume fading = sellers may be losing conviction.

Price tells you what happened. Volume tells you how much participation was behind it.

[Steve Burns @SJosephBurns]

If I could give a trader one rule:

Never allow one trade to become overly important.

Once a trade becomes too important, your ego gets involved, your objectivity disappears, and your position is probably too large.

You can see this at all levels of traders, it’s very expensive.

[Mario Nawfal @MarioNawfal]

🇺🇬 Starlink is live in Uganda.

That’s another country where the internet doesn’t have to stop at the last cell tower.

People have been waiting on this. Now they can order it.

@Starlink / Writer: Val

[Steve Burns @SJosephBurns]

A trading system can live on a backtesting platform, but a trader has to live through:

The drawdown.
The boredom.
The missed winner.
The false signal.
The losing streak.

That's where a backtested strategy becomes a real-world strategy and tests your psychology and risk management skills.