DON FAU$TO

[Steve Burns @SJosephBurns]

Start small:

Start by doing 1 exercise
Start by drinking 1 cup of water
Start by saving 1 dollar
Start by reading 1 page
Start by buying 1 stock
Start by walking 1 lap
Start by meditating for 1 minute
Start by writing 1 sentence

Start today

Repeat tomorrow

#SundayThoughts

[Steve Burns @SJosephBurns]

“The biggest thing about making money is time. You don’t have to be particularly smart; you just have to be patient.” - Warren Buffett

[Steve Burns @SJosephBurns]

With new jobs people are okay with low starting pay until they gain experience, but with trading they want to double their money in the first month. That is a perfect mindset for losing your whole account quickly.

[Needacoin @needacoin]

If you're watching the price every hour you will most likely sell too early and miss the big move.

Bitcoin is up 100% last 3months and 200% last 6 months. You needed to do nothing, why make it difficult?

[Steve Burns @SJosephBurns]

7 mistakes I made when I was a new trader:

1 No research
2 Not adding enough cash to my account
3 Not creating a trading system
4 Trusting my opinions & predictions
5 Listening to other’s opinions & predictions
6 Being stubborn
7 Not using signals

How many are you making?

[Steve Burns @SJosephBurns]

Trading is easy in concept but difficult in execution

The more you want to win on every trade, the harder it is

It can be hard because you want the perfect entry and exit, or because you hate to lose money on any one trade

Accepting big wins & small losses makes it easier

[The Factor Report @PeterLBrandt]

My trading has been ruled by the Pareto Principle. 85% of my career profits have come from 15% of trades. This means that 85% of my trades are throw aways. This means that my job is to allow the 15% become the 15% and apply aggressive trade mgmt to the 85%

[Steve Burns @SJosephBurns]

If you’re really good at risk management, it will make other aspects of profitable trading much easier.

[Steve Burns @SJosephBurns]

In trading it’s hard to teach:

Pulling the trigger on an entry
Critical thinking
Creativity
Mental discipline
Perseverance
Humility
Doing the research work
Judgement
Mind set
Passion
Avoiding bias
Managing risk

Some lessons have to be experienced through losses

[Bb @bitbitcrypto]

You trade to make money, not to proof that you were right.

Don't ever forget that!

[DON FAU$TO @realDonFausto]

@AltcoinSara you show your boobs on twitter

[Steve Burns @SJosephBurns]

Take your M.E.D.S.

* MEDITATION. It's easy to be constantly doing with no time to be.
* EXERCISE. Our body needs to be stretched. It's a use it or lose it.
* DIET. Food for energy which builds and augments rather than destroys.
* SLEEP. Get the correct amount, feel great.-@Kpaxs

[Steve Burns @SJosephBurns]

“Don't try to make money back in the same way you lost it.” - @dmuthuk

[Angelo฿TC @AngeloBTC]

Consistently timing the market is impossible. You WILL often miss top and bottoms. However, you do not need to buy the bottom and sell the top to make money. You only need to catch the swings in between.

[Steve Burns @SJosephBurns]

The bigger the position size, the more religious a trader becomes.

[Steve Burns @SJosephBurns]

Looking rich but living paycheck to paycheck is overrated. Looking average but being financially independent is underrated. Being both is very rare.

[CJ @CJ900X]

Stress-Free Trading:

Step 1: Mark out your HTF support levels.

Step 2: Set an alert on your horizontal level.

Step 3: Wait for an alert to trigger.

Step 4: Move to LTF and see if bullish reaction.

Step 5: Set buy orders on a H4 pullback to key levels.