MoneyTradeEdge | Better Thinking Better Trading

Helping you to trade effectively, without getting lost in your emotions. Discussing trading from the psychological aspect to the pure technical concepts.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Trading is not rocket science.

1) Edge
2) Risk management
3) Emotion control

Don't overcomplicate things.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Every time you think trading is easy,

The market will be there to kick your ass.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

You need:

- 3-5 years to get a degree
- 5-10 years to gain experience in a top 9-5 job
- 10 years of training to become a professional athlete

But you give up in 6 months if you don't become a trading millionaire.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Trading is brutal.

The trading learning curve includes hard work, early days, late nights, failure, emotional pain.

But if you can overcome the trading learning curve, you can do anything.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Don't marry a trade.

Execute.

Win or lose.

Go to the next one.

No regrets.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

@_ner00 They think trading is gambling, not a business.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Trading success takes time.

You need to work on your focus on strategy, timing, patience, confidence.

It doesn't come in 1 day.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

@PerceptivTrader Exactly.

What do you think is the biggest thing stopping traders from breaking that loop, even when they understand the math?

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

A 1:2 risk reward ratio needs a 33% win rate to breakeven.

But most traders give up because they want 100% win rate.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Stop breaking rules, start trusting your system.

Stop forcing trades, start waiting for your system.

Stop hesitating, start being ruthless with your system.

Your system is your most important trading weapon.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

2 years of trading experience cannot be replaced by 50 books.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

3-5 years are needed to trading success.

You have to develop skills, mindset and emotion control.

Experience is not that cheap.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Waiting is the most underrated trading skill.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Everyone wants to be a trading millionaire.

No one wants to practice for 1,000s hours.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Trading changes your life.

The more you trade, the more you realize emotion control is power.

If you can control your emotions, you can do anything.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Trading is impossible to explain to non-traders.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

How to change your trading in 30 days:

- Clean your charts
- Focus only on 1 setup
- Lower your risk to the min
- Review every trade you take
- Stop listening to other people's opinions
- Set small goals and increase them gradually

You don't need 10 years.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Plan like a genius.

Trade like a robot.

Manage money like a casino.

Become a master of your emotions.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Every successful trader is a product of 5-10 years of hard work, failure and experience.

[MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge]

Don’t be greedy, follow your rules.

Don’t be anxious, reduce your risk.

Don’t be scared, think in probabilities.

Don’t be angry, there's always another opportunity.