NRS

20s | Turtle Soup Trader ||

Mentored by @Tradeopinion 🙎

[NRS @Nareshh_Ts]

-9.5% drawdown.

Stayed disciplined.
+8% Phase 1 cleared — The5ers 10k.

Phase 2 next. Trusting the process.

#the5ers

[NRS @Nareshh_Ts]

Here is the main HTF Idea 💡

[NRS @Nareshh_Ts]

Trust the process, execute the plan. 🎯

​Caught the move from 66.65 down to 61.01.

Clean execution.

​#XAGUSD #PropFirm #Trading

[NRS @Nareshh_Ts]

Final lesson:

| Keep life in perspective. View your trading and your life like a movie—enjoy the process and stay detached.

When you stop struggling and start observing, you’ll find better clarity in your decision-making.

[NRS @Nareshh_Ts]

- Tom Basso (MR.SERENITY)

• Trading psychology is the ultimate edge 💎.

| Tom view losses as "tuition". The goal isn't just to make money; it’s to build a system you can follow without anxiety. 🧵

#Trading

[NRS @Nareshh_Ts]

Basso’s technique for staying calm : Observer mindset

| "The Observer." Instead of saying "I'm going to do this trade," say "I'm going to watch myself do this trade." It detaches your ego from the emotional rollercoaster of market volatility.

[NRS @Nareshh_Ts]

Balancing the fast pace of the markets with the calm of nature. 🍃💼

[NRS @Nareshh_Ts]

@TradingInTheNow 💎

[NRS @Nareshh_Ts]

" Planning Where to Get Out before putting on the Trade is a means of enforcing Emotional Discipline."

- VICTOR SPERANDEO ( A great Trader )

[NRS @Nareshh_Ts]

The Ultimate Summary 🎯 .

"Essentially, there are no shortcuts. Each trader must find his or her own solution to the market puzzle."

- Once you uncover a valid pattern, the game becomes entirely mechanical: Devise your trading rules, and then relentlessly follow them.

[NRS @Nareshh_Ts]

Gil Blake is one of the most legendary fund timers featured in Jack Schwager’s "The New Market Wizards." His masterclass on psychological resilience and systematic trading is criminally underrated.
​Here are the 5 core mental shifts every trader needs to survive the market puzzle

[NRS @Nareshh_Ts]

Open-Mindedness & Adaptability 🔄

| The markets are a dynamic, evolving environment. Rigid personalities get crushed.

- Blake stresses that the ability to change your mind, modify your strategy, and maintain extreme open-mindedness is the ultimate prerequisite for longevity.

[NRS @Nareshh_Ts]

" It's not a whether you are right or wrong that's important, but how much money you make when you're right and how much money you lose when you are wrong. "

- George Soros

[NRS @Nareshh_Ts]

One of Nuggets Advise by MICHAEL CARR ( one of The Turtles ) :

- " Don't worry about what The Markets are going to do, Worry about what you are going to do in response to The Markets."

[NRS @Nareshh_Ts]

The Ultimate Moral 🎯

To tie it all together, the most brutal truth from the chapter:
"If you can't take a small loss, sooner or later you will take the mother of all losses."

Protect your capital, control your size, and stay obsessive about self-improvement. 🙌

[NRS @Nareshh_Ts]

Just finished parsing my notes from Bill Lipschutz's interview in Market Wizards 📝.

He was Salomon Brothers' largest currency trader, and his insights on risk management and mindset are absolute gold for any trader.

Here are the key takeaways 👇

[NRS @Nareshh_Ts]

The Cost of Inaction
We always talk about the pain of loss , but Bill points out a hidden killer: "Missing an opportunity is as bad as being on the wrong side of a trade."

Lesson: Avoid the temptation to always be completely in or completely out. Learn to scale in and scale out.