A ship doesn't sink because of the water around it. It sinks because of the water that gets inside.
The same is true of your mind. It's not the negativity around you that breaks you. It's the negativity you let in.
The person who learns the most in any classroom is the teacher.
If you really want to learn a topic, then “teach” it. Write a book. Teach a class. Build a product. Start a company.
The act of making something will force you to learn more deeply than reading ever will.
The importance of the agreements you make with yourself.
When you make an agreement and you don't keep it, you undermine your own self-trust. You can fool everybody but yourself, and you're going to pay for it.
The greatest benefit I’ve gained from trading has undoubtedly been becoming a better person. It’s both a necessary condition and a natural consequence.
Beyond profits, lifestyle, network, independence, or whatever else you might classify as success, you’ll never succeed in this game without improving yourself as a person. Personal discipline and self-discovery are key. There are no shortcuts. Analyse yourself more than the price action.
Attention is like energy: without it, no work can be accomplished, and when used, it gradually depletes. How we direct this energy shapes who we become.
Remember:
1. Sit on your hands when you don't see edge. Don't force setups. Patience.
2. Step up when you do see edge. No fear. No hesitation. Follow your process. Expect nothing. Expectations create emotions.
3. Trade the market, not your P&L.
4. Always seek improvement.
Overtrading is a problem for you?
If you understand that you have this problem this means you acknowledge it.
If you acknowledge the problem it means you understand that opening impulsive trades after a loss is counterproductive.
The only solution here - just stop trading after a loss or two.
How can it be hard to solve, I don’t get it honestly.
Common sense is a beautiful thing.
Should you strategy be complex?
I’ve had this question since day one.
I had this mindset that the more complex words you use to describe your strategy the better.
ICT also played a role here with his idea of “complex market understanding” and reading the price.
Now the thing is - this whole idea of making things harder than they are kept me from being profitable.
For me simplifying my whole approach to trading solved this problem.
We have this misconception in the industry that there are some “secret tools” or “unicorn models” that will get you to profitability.
Truth is - even the guy who makes trading decisions by tossing a coin can be more profitable than you.
Why?
Because this is not a technical game, it’s a psychological one.
Focus on improving your mindset, not intensifying you strategy.
Trading is by far the most "non-linear" thing I ever experienced. Most people never make it, but the few that do are rewarded big time. You literally got to love the game.