Every expansive move follows a sequence:
CHOCH(Change of character)
RE(Retracement back into prev structured highs)
Continuation(Grabs liquidity and moves towards induced choch)
Mastering any one part of this sequence is sufficient.
Everything else is inferior.
Capital is no longer a barrier in trading with prop firms:
- $25k account for $129, make 2-3% over 3 months = $2,250.
- $100k account for $399, make 2-3% over 3 months = $9,000.
- $400k account for $1,999, make 2-3% over 3 months = $36,000.
Take it slowly and steady.
Every expansive move follows a sequence:
CHOCH(Change of character)
RE(Retracement back into prev structured highs)
Continuation(Grabs liquidity and moves towards induced choch)
Mastering any one part of this sequence is sufficient.
Everything else is inferior.
It feels more productive to learn a new price action theory than to practice sitting on your hands and not doing anything.
The hardest things to do in trading are the most boring: patience and journaling, but these are super necessary for consistency.
Real progress in trading is made through detachment.
Detachment to your ego.
Detachment to the outcome.
Detachment to the money.
It starts and ends with the process.
The following will NOT fix your trading psychology:
Journaling / Backtesting / Meditation
They will help but the only way to fix it is to reprogram your subconscious mind.
And you do this with repetition over time.
Keep saying I AM a profitable trader.
@elonmusk The point of human existence is evolution. Once we all realize this, we'll build spacecraft powered by antimatter — the most energy-dense fuel physics allows — and push past our galaxy into the deeper mystery of space-time itself, through wormholes.
Everyone wants the results, but nobody wants the repetition.
Trading the same setup 500 times sounds boring.
That's exactly why most people never make it.
Trading is WAR…..but it’s not what you think.
When you look across the battlefield, the only enemy is YOU.
Your greed. Your fear. Your impulsiveness.
The only route to victory is the one that kills your OLD self.
The Trader Lifestyle:
Expectations:
• make $800K a year.
• works for 2 hours a day.
• drives a lamborghini revuelto
Reality:
• works at JP MORGAN CHASE
• make $2.5M+ a year
• works 14 hours a day
• barely gets sleeps
a great trader knows 2 things:
1. how to minimize/avoid losses when his bias is wrong.
2. how to push hard when his bias is right everything else is just noise.
start small size $50-$150
learn what runs and what doesn't
learn what good volume looks like
essentially start treating ur account like a demo acc, where ur goal is getting a feel for the market
Initially, don't focus on the money, focus on understanding how to trade