Reminder for the next trading week:
✓ I will not chase stocks I missed.
✓ I will not force trades because I’m bored.
✓ I will wait for my setups instead of lowering my standards.
✓ I will accept small losses without trying to make the money back immediately.
✓ I will give my best positions enough time to work.
✓ I will judge my decisions, not just my P&L.
✓ I will stay patient when there is nothing to do.
A new week means 5 new trading days to improve your behavior.
You don’t have to become a different trader overnight.
Just try to get 1% better every day.
Thinking is a trading error ✍️
-Mark Douglas 👇
The day you stop predicting and start reacting
Stop thinking so much and trust your edge
Stop trying to be right and simply execute your plan
Is the day you become wildly profitable 💯 🫡
Cinco ganancias seguidas pueden hacerte peligroso.
Cinco pérdidas seguidas también.
Después de ganar aparece la confianza excesiva.
Después de perder aparece el miedo.
Uno te pide aumentar.
El otro te pide esconderte.
Tu trabajo es no obedecer a ninguno.
Mismo setup.
Mismo riesgo.
Mismos criterios.
Consistencia es conseguir que tu quinta ganancia y tu quinta pérdida no tengan derecho a decidir cómo tomarás la sexta operación.
"Fear is a teacher, and I don't skip class"
There is this notion that professional traders have no emotion
Not true
Emotions will always be present because you are a human being
The only difference between the professional trader and the losing trader is the pro makes the right decision DESPITE how he feels in that moment
Feel fear? I follow the fuckin plan
Feel greed? I follow the fuckin plan
No emotion can make you act. You have that power
So exercise that power
"How’d you become such a disclipned trader?"
Over the years I’ve killed so many versions of myself
the gambler
the revenge trader
the impatient
the emotional fool
all dead.
5 stages of trading:
1. omg I'm gonna be rich
2. fuck this is harder than I thought
3. I think I'm n early there can't give up now
4. I'm losing my mind
5. Holy shit it worked
The goal is to build a repeatable trading process and the emotional composure that lets you make money without continually sabotaging yourself.
The goal is to build this as fast as possible.
Everything else is ego.