Trading is so f*cking easy.
Just:
- Find a simple strategy.
- Backtest it for 200 trades.
- Make sure it's actually profitable.
- Stick to it for a long period of time.
- Keep your risk small.
- Don't break your own rules.
That's literally all there is to profitable trading.
Trading is really simple, you just need to:
1. Stop trying to get rich this month.
2. Accept that randomness exists.
3. Define one setup.
4. Delete the other five.
5. Risk less than you want to.
6. Cut size in half.
7. Then cut it again.
8. Stop watching PnL during the trade.
9. Decide risk before entry.
10. Never move a stop further away.
11. Know your win rate.
12. Know your average risk-reward.
13. Know your max historical drawdown.
14. Be emotionally prepared for double that drawdown. 15. Stop trading when tired.
16. Stop trading when emotional.
17. Stop trading after revenge impulses.
18. Stop trading to feel productive.
19. Stop trading boredom.
20. Learn to sit on your hands.
21. Learn to miss moves without emotional reaction.
22. Accept that you will never catch every move.
23. Accept that FOMO is self-sabotage.
24. Stop increasing size after a win streak.
25. Stop increasing size after a loss streak.
26. Journal emotional state, not just entries.
27. Identify your tilt pattern.
28. Identify your self-sabotage trigger.
29. Remove the trigger.
30. Build a daily routine.
31. Sleep properly.
32. Train your body.
33. Control caffeine intake.
34. Breathe before entries.
35. Separate self-worth from PnL.
36. Detach from needing to be right.
37. Accept losing trades calmly.
38. Let winners run to plan.
39. Stop micromanaging trades.
40. Backtest at least 200 samples.
41. Forward test small.
42. Prove consistency before scaling.
43. Increase size slowly.
44. Never scale emotionally.
45. Track R, not dollars.
46. Focus on process, not outcome.
47. Measure execution accuracy.
48. Grade yourself weekly.
49. Eliminate one mistake at a time.
50. Avoid strategy hopping.
51. Avoid indicator addiction.
52. Avoid over-optimization.
53. Avoid copying random traders.
54. Build conviction through data.
55. Trade one session.
56. Trade one instrument.
57. Master one timeframe.
58. Understand volatility conditions.
59. Define when not to trade.
60. Define invalidation clearly.
61. Accept missed profits.
62. Respect maximum daily loss.
63. Stop trading after hitting daily max loss.
64. Stop trading after emotional spikes.
65. Review screenshots daily.
66. Review losing trades deeper than winners.
67. Identify if you cut winners early.
68. Identify if you hold losers too long.
69. Fix asymmetry.
70. Protect capital aggressively.
71. Treat capital as inventory.
72. Understand position sizing math.
73. Respect compounding.
74. Avoid all-in mentality.
75. Avoid “this is the one” thinking.
76. Trade like a statistician.
77. Build tolerance for drawdowns.
78. Accept flat months.
79. Accept slow growth.
80. Accept boredom.
81. Build patience intentionally.
82. Train focus daily.
83. Reduce dopamine addiction.
84. Avoid constant comparison.
85. Stop looking for holy grails.
86. Accept you are the main variable.
87. Accept your psychology matters more than entries. 88. Accept uncertainty permanently.
89. Protect downside first.
90. Scale only after consistency.
91. Never trade to recover.
92. Never trade to prove.
93. Never trade to escape.
94. Trade to execute, nothing more.
95. Stay small until stable.
96. Prioritize survival over speed.
97. Build emotional stability before size.
98. Respect your system even when bored.
99. Think in years, not days.
100. Stay in the game long enough to let probability work.
When a trader says “it took me 5 years,” they are not talking about chart patterns.
They are talking about psychology.
Psychology is the #1 reason why traders can’t be consistent and reach their goals
I couldn’t master psychology until I completely detached myself from money.
Once I started executing my system like a robot my PNL shifted
@t0mbfx Because eventually there will come a time where you lose that $50K. It isn’t a matter of if, but when.
Teaching yourself to break your own rules is like putting together a ticking time bomb of which will leave you in ruins.
The fastest path to consistency:
• One system
• 100 trades
• Copy what wins
• Study what loses
• Repeat
Do this for one year.
You won’t recognize yourself.
'All in' is stupid.
Trading is not one trade.
Trading is thousands of small, boring, disciplined, positive EV decisions stacked quietly on top of each other.
You keep losing accounts because you refuse to trust your own judgment when it’s time to step away.
This arena rewards one thing above all: survival.
The last trader still breathing is the one who wins.
One of the biggest tells if you will be a successful trader is how you react after taking a loss.
Do you tilt or do you relax, reset, and realize there are so many opportunities you do NOT need to revenge trade.
Trading is fucking hard because
it slowly dismantles your ego.
At first, you think intelligence will save you.
Then you think effort will.
Then you think confidence will.
The market strips all of that away.
It doesn’t care how smart you are.
It doesn’t care how badly you want it.
It only respects discipline executed
consistently under pressure.
That realization hurts more than losses
because it means you can’t shortcut growth.
The more I focus on mastering the craft of trading, the calmer my life becomes.
I take fewer trades, make fewer stupid decisions, and end up making more money.
Find a strategy that fits your personality — and remember, more trades don’t mean more profits.
Key Events This Week:
1. October Retail Sales data - Tuesday
2. November Jobs Report - Tuesday
3. November CPI Inflation data - Thursday
4. December Philly Fed Manufacturing Index - Thursday
5. October PCE Inflation data - Friday
6. November Existing Home Sales data - Friday
7. MI Inflation Expectations data - Friday
8. MI Consumer Sentiment data - Friday
9. Total of 5 Fed speaker events
A massive backlog of economic data is coming this week.
You lose twice and think you're broken.
Wrong.
You traded clean.
Managed risk.
Survived.
A year ago you would've tilted and nuked your account.
Now you just move on.
That's the growth you're ignoring.
Top Overnight News
US companies announced the most job cuts for any October in more than two decades as artificial intelligence reshapes industries and cost-cutting accelerates. Companies last month announced 153,074 job cuts, nearly triple the number during the same month last year. BBG
8 centrist Democrats in the Senate could be prepared to vote in favor of reopening the government, but they are receiving pushback from more progressive corners of the party. The Hill
Senate Democrats ended their workday Tuesday agonizing over what to do about the record-setting government shutdown. Many of those same lawmakers woke up Wednesday morning ready to fight on following Tuesday’s party success. The sweeping democratic gains in this week’s election has bolstered party senators insisting democrats dig in and force Republicans to accede to their demand for an extension of key health insurance subsidies. Politico
Trump and Hill Republicans are now in completely different places on the political impacts of this seemingly endless shutdown: Punchbowl
Trump said regarding the US shutdown, that it was a big factor in elections, while he does not think Democrats will act soon on the shutdown, and does not think it will be sorted soon. Trump reiterated the call to kill the filibuster and reopen the government immediately.
The US Supreme Court appeared skeptical of Donald Trump’s sweeping tariff powers, with some justices suggesting he’d overstepped his authority. Yet even if the duties are struck down, the president has other legal options, leaving companies and countries in limbo. BBG
President Trump has recently expressed reservations to top aides about launching military action to oust Venezuelan President Nicolás Maduro, fearing that strikes might not compel the autocrat to step down. WSJ
U.S. Transportation Secretary Sean Duffy said on Wednesday that he would order a 10% cut in flights at 40 major U.S. airports, citing air traffic control safety concerns as a government shutdown hit a record 36th day. RTRS
China has issued dollar bonds at rates equivalent to US Treasury yields, in what bankers on the deal said was the first time Beijing’s borrowing costs has matched Washington’s. the bond offering is the latest example of countries taking advantage of being able to issue international debt cheaply, as their borrowing costs in relation to US Treasuries fall to some of the lowest levels on record. FT
Japan’s underlying wage growth remained steady in September, keeping the BOJ on track for policy tightening. One of Japan’s largest labor union groups said it plans to push for a 6% pay bump next year. BBG
The Bank of England held interest rates at 4% in a five-to-four vote that laid the groundwork for a December cut. The pound pared gains of as much as 0.4% against the dollar. Gilts rose across the curve, with the two-year yield down three basis points to 3.76%: BBG
The Fed finalized new standards for grading large banks and said that the new large bank supervisory standards are substantially similar to changes proposed in July.