iβll never forget what my ex girlfriend said when i had my losing quarter in trading. i was on the charts trying to focus on trading, backtesting, researching, analyzing for 10 hours a day, etc. I would change our date plans to see each other and instead focus on the charts
In July I waited 17 days for a trade setup.
This month I just waited 12 days for my next one. (Long AUDJPY this morning)
Some people call this discipline.
I call it doing my job.
My job is to make good decisions.
If you canβt sit and wait - Get out of this business.
Trading is 90% psychology.
Fear and greed move trading charts.
Anger and revenge steal your money.
Anxiety and envy will make you fail.
Depression will make you give up.
Trading is the best way to understand how the human mind works.
Trading is a long term business.
The more experience you get, the calmer you become.
The calmer you become, the more you control your emotions.
The more you control your emotions, the more successful you become.
Experience is the most expensive skill.
trading is probability.
trading is probability.
trading is probability.
trading is probability.
trading is probability.
trading is probability.
trading is probability.
trading is probability.
trading is probability.
trading is probability.
trading is probability.
trading is probability.
trading is probability.
never get to a point where you don't recognize this as a fact. probability means there's a chance of either sides happening.
so you will never get to a point of assured confidence, which also means risking intelligently every single trade.
when you consider the scenarios where you're wrong - then you'll no longer over-leverage because the possibility of a certainty is dissolved and all you're left with is a probability.
trading is probability.