Guy Levy

Trading psychology.
You know what to do, until the money is real.
In the market since 2011.
Free letters, join below ↓

[Guy Levy @marketscoach]

I’ve been in the market since 2011. The first six years I burned account after account.

The last one took $100,000 in about three hours. I had read every book. I knew exactly what to do.

The problem wasn’t my strategy. The problem was that I couldn’t fucking follow it. My real gap wasn’t knowledge. The gap was execution.

That’s all I teach now. Not setups. The part of you that takes over when the money is real.

One letter a week: https://t.co/zom7upTp0J

[Guy Levy @marketscoach]

Your strategy works, and you will still want to change it.

Why would you change it?
I tell you why.

Because your brain needs the new shiny object.

And it's a bias that you have because you're human.

[Guy Levy @marketscoach]

@LeifSoreide Trapped supply is a chart word for a feeling. For the holder, pleasure means getting back to break even, dodging the loss, making back your money. And pain? Pain is accepting the loss. Pain is closing the trade.

[Guy Levy @marketscoach]

@CryptoMichNL Writing both levels down before the sweep is the real edge here. Because when you put a structure, you take responsibility.

[Guy Levy @marketscoach]

@hmalviya9 Waiting for someone else to make you rich is the comfortable part. Once you take the ownership of the mistake, it's frightening because you're the one responsible for your life, but it's complete freedom because right now you have the control.

[Guy Levy @marketscoach]

From a live session, on what progress actually feels like:

Progress doesn't feel like I made it.
Progress feels like I'm not making it.

It's not happening.
I'm not happy.

And then I made it and I'm feeling happy for a day.

And then I'm going to have another two months of I haven't made it.

[Guy Levy @marketscoach]

@MustStopMurad The urge to trade rarely comes from the account size. It's a very hard thing to say I got money in the account and I'm deciding not to trade

[Guy Levy @marketscoach]

@DodgysDD And more knowledge won't fix the impatience. You need to learn how to execute without getting hijacked that's the hardest part

[Guy Levy @marketscoach]

@Mr_Derivatives Calling it against your own bias is the rare part. Most traders are trying to trade with an opinion about the market, but without a clear set of rules.

[Guy Levy @marketscoach]

@IBDinvestors Finding that out at 24 is early. The ego will never tell you you made it. It will never happen. There is no you made it point because there is always another challenge.

[Guy Levy @marketscoach]

@Rager Taking profits does not remove regret, it picks which one you live with. It doesn't matter what you're going to choose. There is a price to pay. You're going to choose take profit point. You're going to pay a price.

[Guy Levy @marketscoach]

@MikeZaccardi The real leverage in that chart is not borrowed money. Your leverage is control. You can use it against you or you can use it in your favor. And what's going to dictate what's going to happen is the level of emotion you bring to the table.

[Guy Levy @marketscoach]

@CryptoMichNL The higher low is a test of the trader before the chart. A shakable you would trade and an unpatient you would trade and an unbalanced you would trade and you wait for the balance patiently so you cannot be shaken.

[Guy Levy @marketscoach]

@Mr_Derivatives The headline is always louder than the tape. Most of the times the story you have in your head is a much more aggressive story than the reality that's really happening.

[Guy Levy @marketscoach]

@new_era_finance @SantiagoAuFund Challenging periods test your tolerance more than your skill. The outcome of any given trade is always 50-50. It's unpredictable. And that uncertainty will feel uncomfortable until it doesn't.

[Guy Levy @marketscoach]

@AltcoinSherpa Marking the levels is the easy half. You have zero control whether the next trade is going to be making money or not. The only thing you can control is whether I follow the plan or not.

[Guy Levy @marketscoach]

@MustStopMurad Early and wrong feel identical from the inside. Let the market have the opportunity to prove you wrong and be humble enough to say, well, I'm out.

[Guy Levy @marketscoach]

@Ksidiii @neilsethinew A forecast that hedges everything is accidentally honest. That's not my job to predict the market. My job is to follow my plan, not to predict the market.

[Guy Levy @marketscoach]

@CryptoMichNL Not knowing is the job. The absolute truth is that no one knows and it's weird because people are making money even though they don't know.

[Guy Levy @marketscoach]

@PradeepBonde The checklist is the easy part. The hard part is what happens when you follow your plan, but it didn't work. Most people cannot handle 10 losing trades in a row.

[Guy Levy @marketscoach]

@QwQiao Once you look for a bubble, you see it everywhere. When you want to buy a car and suddenly everyone wants to buy the car, that's the RAS.