olm

📈Rates+macro hf pm

[Mastery Quotes @MasteryQuot]

You must understand the following: In order to master a field, you must love the subject and feel a profound connection to it. Your interest must transcend the field itself and border on the religious.

[Kyle @kyletrades_]

Drawdown management is the most important skill in trading. Nothing else is even close.

It doesn't matter how many strategies you employ. It doesn't matter how well you can read charts. It doesn't matter how deep your database is or even how many years of experience you have. If you can't manage drawdowns, none of it matters because you won't be around long enough to benefit from any of it.

This game is about survival first and profit second.

If you're risking 1-2% per trade, a brutal losing streak of 10 trades in a row only puts you down about 18%. That's a bad time - but it's not a career ender. You can recover that in a single good trade.

But most traders don't blow up from one huge loss. They bleed. They take too many trades. They let small losses pile up because each one feels insignificant in the moment. Five trades this week, four losers. Another five next week, three more losers. None of them felt reckless at the time. But after forcing mediocre setups, you look up and you're down 15-20% and you don't even know how it happened. None of those were A+ opportunities, but you entertained them anyway.

That drawdown doesn't just hurt your account. It corrupts your process. And once your process breaks, the drawdown accelerates. That's when the real damage starts. You start forcing trades to dig out. You start sizing bigger to make it back faster. You start taking setups you wouldn't normally entertain. You hesitate on the A+ that deserves real size because you're fixated on your recent horrible performance. And every one of those decisions makes it worse.

So what do you do?

You playbook your A+, and do nothing or very little outside of it.

Sounds easy, right? Doing nothing... one of the hardest things to do. Because as traders we think clicking buttons equals progress instead of following your proven process. Every filter in my process exists for one reason: to keep me from taking trades that could put me in a hole I can't recover from. Instead of trading subpar opportunities on smaller size, I save that risk capital to deploy on something special. Same amount risked, exponentially better expected value. This is why I'm obsessive about position sizing and selectivity.

[Tom Dante @Trader_Dante]

Learning how price moves and where opportunities lie is one thing.

Training your mind to stay calm and execute fearlessly in every situation is another entirely.

You need both skills to make it in this business.

[Trading Composure @TradingComposur]

"If you want to succeed, double your failure rate.”

~ Thomas J. Watson

[liminal @Liminal1988]

How to get lucky in life

[Dr. Julie Gurner @drgurner]

Betting on yourself, and watching yourself pull it off, is the most addictive feeling in the world.

[olm @Rates_Trader]

@FriendlyCapMgmt What’s his max dd vs risk? How does it compare to spx?

[Trading Composure @TradingComposur]

Cutting your losses is an important life skill.

[Jay Yang @Jayyanginspires]

you can tell when someone is living in alignment with what they're called to do. they're more vibrant, alive, energized. their skin glows, they smile more, they laugh freely. basically, you feel good when you're around them.

[CalAg @agmacro2]

@sidprabhu https://t.co/QcbxQpA7Cd

^ a good read on this history

[Reads with Ravi @readswithravi]

“You can’t compete with someone who is having fun.”

— Tiago Forte

[Trading Composure @TradingComposur]

Find low-risk entry points, manage your downside, and keep playing.

Small loss, breakeven, small win, big win... rinse and repeat ad nauseam.

That's it. That's all it is.

Your mind makes trading more complicated than that because it is attached to immediate results.

[Startup Wisdom @StartupWisdom_]

Jeff Bezos: Outsized returns come from betting against conventional wisdom

[Blake Burge @blakeaburge]

Underrated life advice: You can literally start to turn your whole life around by winning the next 24 hours. One clean day becomes evidence. Evidence becomes momentum. Momentum becomes a new life.

[Mastery Quotes @MasteryQuot]

Remember what Robert Greene said:

"Over time, mastery will come to you."

[Trading Composure @TradingComposur]

“Every day I assume every position I have is wrong.”

~ Paul Tudor Jones

[Reads with Ravi @readswithravi]

Robert Greene was right when he said:

“Always stick to what makes you weird, odd, strange, different. That’s your source of power.”

[Sahil Bloom @SahilBloom]

The older I get, the more I realize how much of your life is shaped by the stories you tell yourself. I’m not ready. I’m too late. I’m bad at this. I never follow through. Be careful. You believe what you repeatedly rehearse. Tell better stories. Then prove them through action.

[Mark Manson @Markmanson]

Most people don’t see you. They see how you make them feel.