Salman Ahmad

Cloud Security | Forensics | Islamic Historian | Trader | Arrogant | Learnt Trading from @Stockbee

[stockbee @PradeepBonde]

Four kinds of problems

1. Not having a setup with an edge.

2. Not having a set process to trade the identified setup or not following a process.

3. A Situational Awareness Problem. Trading your setup in unfavorable market conditions to your setup.

4. Trader problem: inability to control trading, flirting from setup to setup, over- or under-risking, self-sabotage.

[stockbee @PradeepBonde]

For solving trading problems, I always classify them into 4 types.

Is it a setup problem

Is it a situational awareness problem

Is it a process problem

Is it a trader problem

[Salman Ahmad @pizzarulzz]

@Simran6397 No

[stockbee @PradeepBonde]

Find a setup idea with an edge and know under what situations it works. Then master it to a level where you are the best trader of that setup bar none in the world. https://t.co/YPEvEKrOBm

[Salman Ahmad @pizzarulzz]

@TheOneLanceB Lance brasgodigama

[Salman Ahmad @pizzarulzz]

@Simran6397 Nice background , what theme is this ?

[Salman Ahmad @pizzarulzz]

@AshishGupta325 Kam se kam us din to itna kama lena ki mutton ban jaye ya us din bhi cheap meat

[Salman Ahmad @pizzarulzz]

@TheOneLanceB Posting stuff nobody is posting this is why you are GOAT

[Reads with Ravi @readswithravi]

15 books recommended by Daniel Kahneman:

1) Nudge by Richard H. Thaler and Cass R. Sunstein

[Dean Thomas @DThomasStealth]

Real discretionary trading's like 30 bouts of depression and devastating dds before anything starts to click. Then the market changes and you go through it again. And again. And again. Each time the dollar lost being an order of magnitude larger than the last. 99% of folks never make it through the first cycle much less several so some decide to take pics w a rented lambo and sell you a discord chat. $100 a month x 500 signups much easier goal to hit than consistently making that in trading pnl each month.

Maybe I'm retarded and it took me longer than most but I don't know how anyone in their early 20s can claim they're a master of the craft. You just haven't seen enough shit yet.

[Salman Ahmad @pizzarulzz]

@BrkoutGeek Enter where price action start trying to mature

[Ariel Hernandez @RealSimpleAriel]

You want to know a secret that changed my mentality around money?

Scenario: April 1st your portfolio was 100k and we went on this magical run where it climbed up to 140k as of yesterdays close. Then a day like today comes along and you happened to get stopped on all your positions and you are now sitting at 130k. Did you lose 7.14% today or is your portfolio up 30% in a month?

Unrealized gains ARE NOT YOURS. They belong to the market! If you want to mitigate volatility, trim into extensions. But if you are going to stress out about every down day as if the money was yours on an open position, you'll never truly be able to scale up comfortably.

Treat every new buy or sell based on it's individual price action. And stop looking at your portfolio value every evening as if the money on open positions belongs to you. Checking portfolio value every 10min only leads to emotional and sloppy execution when you look at the whole and not the individual parts.

If stock A is still acting great then it shouldn't be sold just because you took a small loss on stock B. Exit stock B and continue to let stock A work for its own merits. The minute you start to make emotional decisions because of money is when you ruin your chances at real growth.

[James Clear @JamesClear]

What are some of the best or most interesting speeches that are not widely known?

Examples:
- You and Your Research by Richard Hamming
- The Psychology of Human Misjudgment by Charlie Munger
- Creative Thinking by Claude Shannon
- Creativity in Management by John Cleese

[Andrew NFX @andrew_nfx]

I met a trader in Dubai who was doing $80k/month in prop firm payouts.

He showed me his stats.

71% win rate.

Average RR: 0.8R to 1.2R.

I asked him why such low risk-reward.

'Bro, I tried the 1:3RR+ thing for 2 years. Blew 40+ accounts. My win rate was 25%. I'd have 8-10 losing trades in a row and couldn't handle it mentally.'

'Then I switched to taking quick profits. 1:1 mostly. Sometimes less if price shows weakness.'

'My win rate jumped to 70%+.'

He was running $2.8M in combined funding across 8 accounts.

Some months he'd make 1%. Some months 5%.

But he was consistent.

And the psychology was easier.

Winning 7 out of 10 trades feels completely different than winning 3 out of 10.

Even if the math says they're equal.

Your brain doesn't care about math during a 12-trade losing streak.

He told me:

'I don't need to be right about where price is going long-term. I just need to be right about the next 10-15 pips. That's it.'

Most traders are chasing these huge runners because someone on YouTube told them that's what 'real traders' do.

Meanwhile this guy is taking home $80k/month with 0.8-1.2R trades.

You don't need massive risk-reward to make serious money.

You need capital + consistency + a win rate you can actually maintain.

Low RR with high win rate will always beat high RR with low win rate when it comes to prop firm payouts.

[Reads with Ravi @readswithravi]

A peak productivity advice from James Clear:

“You are not your grand plans. You are your daily patterns.”

[Kevin Szabo @KevinSzabo14]

Solve rich people’s problems. They pay better.

[Wholesome @wholesome_X_]

This guy literally explained why some people become successful while others stay average.

[Malvin @ManOfFocus_]

BREAKING NEWS: Neverrrrrrrr... Neverrrrrrrr... Neverrrrrrrrrrrrrrrrrrrr look desperate in life. Remain calm during hard times. Understand it's just your time to suffer like every great man before you. You're a man.

[Salman Ahmad @pizzarulzz]

@mukhoty I will buy these books soon ;)

[CooperBaggs 💰🍞 @edgaralandough]

25 Things That Will Change Your Life If You Start Them In MARCH.

1. Do a full life audit - files, clothes, subscriptions, contacts. Delete what's dead weight.