The setup was there. Why didn't I pull the trigger?
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Charlie Munger:
"You have to learn to change your mind when you're wrong…"
"Being able to recognize when you're wrong is a godsend. A good bit of the Munger fortune came from liquidating things we originally purchased because we were wrong."
Most investors know this, but actually doing it is a different story. Ego, stubbornness, and taking a loss are just a few of the reasons changing our minds is one of investing's biggest challenges.
But as Emerson put it: "A foolish consistency is the hobgoblin of little minds…"
And Buffett reminds us of the payoff:
"Mistakes fade away; winners can forever blossom."
Every profitable ICT trader starts here.
The Foundations:
• Liquidity
• Fair Value Gap
• Power of 3
I put it all into one complete PDF.
Repost + Like & comment “ICT” and I’ll send it to you.
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Most people will focus on things labelled important by society. The safe degree, the safe job, the safe partner.
When you don’t, you’ll be judged, misunderstood, isolated. But it’s your life. Your goals. Your damn dream. Don’t trade it for their expectations.
You wake up, scroll, work a job you hate, scroll, sleep. Repeat. You live a life you hate just because you can’t take a little discomfort.
Just because you are too damn scared to make a change. Just because you would rather accept misery than work a little hard.