People often say that the hardest thing in trading is "doing nothing."
But for me, "doing nothing" has become the easiest thing.
Once I have finished the necessary checks and clicks, I am released from all responsibility, consider my work complete, forget everything, and return to my daily life feeling completely clear.
Nothing bothers me while holding a position, and I do not even bother to check the result notification that shows up on my phone afterward, because whether it was a win or a loss is entirely irrelevant to me.
The time when "doing nothing" felt hardest for me was when my beliefs had not yet transformed and I was still a player in "the win or lose game."
It was because thought processes like "I have to do something or I will not make money" and "I have to do something" still existed in me, along with the mental attachment to results and amounts, and a thought process rooted in a different understanding of what a trader's real job and responsibility are.
Over a very long period of time, through an enormous amount of testing, practice, and a great deal of experience, I intentionally transformed those beliefs.
I am fully a player in the game of probabilities, and I am not caught up in individual results or short term outcomes.
My only responsibility is thorough preparation in advance, precise execution, and following the rules.
I do not bear responsibility for the results that arise from that.
It never even occurs to me to do anything outside the rules.
I fully understand that what I need is to collect a large number of samples under the same conditions, and I absolutely refuse to contaminate the sample with trades that deviate from those conditions.
That is why deviating from the rules has become impossible for me.
There is no endurance or patience involved.
"Waiting is hard" and "doing nothing is hard" simply do not exist.
The saying that the hardest thing in trading is "doing nothing" is something that belongs to people who are still playing "the win or lose game."
If you truly become a player in "the game of probabilities," that phrase will not follow you forever.
Entertainment, irrelevant.
Public adoration, irrelevant.
Critical acclaim, irrelevant.
Creating a Masterpiece,
An enduring Work of Art,
An emblem of Purity,
A One of A Kind Creation . . .
Relevant.
It’s not about technical analysis.
Anyone can learn that.
Yes, literally anybody.
What everybody can’t seem to do?
Is have some damn self control.
Thats the part that takes years for some traders to fix.
I like to say that nothing will ever teach you more about yourself than trading.
It’s life’s greatest therapist.
It will without a fail reveal the good, the bad, and the ugly about YOU.
Once you learn all that about yourself, that’s when the work begins on fixing your imperfections.
How to do this?
Journal. Journal. Journal.
Journal everything.
Your thoughts, emotions, body triggers before, during, and after the trade.
Are you tapping the desk?
Nervously fidgeting?
Palms getting sweaty?
Moms spaghetti?
Pulling your hair?
Scrolling nervously through tickers?
All these are signs of emotional trading.
They may occur when you are unsure of a setup, you just took a loss, or are risking way too much.
It is your job to determine what triggers lead to feeling negative emotions which lead to performing negative behaviors.
The more aware you are of this,
the easier it will be to front jump the mistake before it even happens.
How do you become aware of this?
Have a notebook next to you throughout the trading day noting every trigger and every emotion you feel the moment it happens.
This can be before, during, and after a trade.
Over time, you WILL notice the patterns.
And you will improve.
@thissdax@FundedNext I'll be glad if i can get the funded account big boss, would literally be a blessing i've been manifesting 🥲🙏🏾💙💯, keep winning boss you're a big inspiration for me💪🏾
"Value your time. It is all you have. It’s more important than your money. It’s more important than your friends. It is more important than anything. Your time is all you have. Do not waste your time."
@naval
"Asymmetric opportunities:
Invest in startups
Start a company
Create a book, podcast, video
Create a (software) product
Go on many first dates
Go to a cocktail party
Read a Lindy book
Move to a big city
Buy Bitcoin
Tweet."
@naval
I'm not trading for fun.
I just follow a set of profitable rules I've tested and repeated for years.
If there's no signal for a week, I simply don't trade.
That's part of the edge.
“Hedge fund managers struggle to make 10% every year, what makes you think you can do 30-50%?”
This is a terrible take that I see pretty often from traders
Hedge fund managers manage millions, sometimes billions in capital
They’re forced to risk a lower % of their capital on trade ideas or else their trades become impossible to execute
More than this - most of them are not TRYING to get 30-50% returns a year - their clients don’t want high risk hight returns, they want low risk and moderate returns
They’re completely different games, and comparing the 2 is disingenuous
Fast, lift, sprint, stretch, and meditate.
Build, sell, write, create, invest, and own.
Read, reflect, love, seek truth, and ignore society.
Make these habits. Say no to ETH else.
Avoid debt, jail, addiction, disgrace, shortcuts, and media.
Relax.
Victory is assured.
@naval
early in my prop journey, i thought maturity meant restraint.
don’t overtrade. don’t oversize. be patient. be calm.
but what i was really doing... was hesitating.
i was afraid of breaking the rules,
so i stopped learning how to use them.
and then one week after getting chopped, resetting, questioning everything
i realized something:
maturity isn’t the absence of risk.
it’s knowing when to take it.
not with impulse.
not with fear.
but with conviction.
maturity is walking away before boredom takes the wheel.
it’s adjusting size to match the environment.
it’s staying flat while FOMO begs you to chase.
it’s not perfect discipline.
it’s honest awareness.
this is what makes compounding possible
not just for the green days,
but for surviving the red ones.
this never gets talked about.
you don’t learn this overnight.
i compounded it over time
mistake by mistake,
until the discipline outpaced the doubt.
then suddenly… everything clicked.
that’s what real maturity does.
it makes the work feel like yours.
and when it’s yours,
you stop rushing to prove it.
Good Products are Opinionated.
“Every great founder I’ve seen up close, or even from afar, is highly opinionated and they’re almost dictatorial in how they run things.
Also, early-stage teams are opinionated. And the products they build are opinionated. Opinionated means they have a strong vision for what it should and should not do.
If you don’t have a strong vision of what it should and should not do, then you end up with a giant mess of competing features.
@Jack Dorsey has a great phrase: “Limit the number of details and make every detail perfect.” And that’s especially important in consumer products. You have to be extremely opinionated. All the best products in consumer-land get there through simplicity.
You could argue the recent success of ChatGPT and similar AI chatbots is because they’re even simpler than Google.
Google looked like the simplest product you could possibly build. It was just a box. But even that box had limitations in what you could do.
You were trained not to talk to it conversationally. You would enter keywords and you had to be careful with those keywords. You couldn’t just ask a question outright and get a sensible answer. It wouldn’t do proper synonym matching, and then it would spit you back a whole bunch of results. That was complicated. You’d have to sift through and figure out which ones were ads, which ones were real, were they sorted correctly, and then you’d have to click through and read it.
ChatGPT and the chatbot simplified that even further. You just talk to it like a human—use your voice or you type and it gives you back a straight answer.
It might not always be right, but it’s good enough, and it gives you back a straight answer in text or voice or images or whatever you prefer.
So it simplifies what we looked at as the simplest product on the Internet, which was formerly Google, and makes it even simpler. And you just cannot make a product that’s simple enough.
To be simple, you have to be extremely opinionated. You have to remove everything that doesn’t match your opinion of what the product should be doing. You have to meticulously remove every single click, every single extra button, every single setting.
In fact, things in the settings menu are an indication that you’ve abdicated your responsibility to the user. Choices for the user are an abdication of your responsibility. Maybe for legal or important reasons, you can have a few of these, but you should struggle and resist against every single choice the user has to make.
In the age of TikTok and ChatGPT, that’s more obvious than ever. People don’t want to make choices. They don’t want the cognitive load. They want you to figure out what the right defaults are and what they should be doing and looking at, and they want you to present it to them.”