After 7 years of trading, I’ve realized the most important skill isn’t strategy, indicators, or even risk management, It’s PATIENCE.
The biggest opportunities usually come when you’re not chasing anything. You’re simply waiting, letting the market come to you instead of forcing trades that aren’t there.
The best setups have a certain feeling to them. I’ll see one forming and catch myself grinning because I already know: this is it. No stress, no guessing, no FOMO. Just confidence from seeing the same pattern play out over and over again.
The irony is that the more patient you become, the more opportunities seem to find you.
Patience isn’t just part of trading. It is the edge.
Despite what you think trading gurus aren't really trying all that hard to have you succeed. I hand picked two people and now they are both profitable within a week.
Don't be like me when I first started and spend majority of your time reading blogs/interviews/youtube videos. They are giving you the bare minimum, and barely anymore if you pay.
Learn TA, look at runners, separate them into groups, break them down, and logically think how would you make it easy for yourself to make money.
Question your beliefs and the beliefs of the gurus are they really true?
I've been told to not trade spin offs, pennies, bounce shorts, mid day paras, Chinese tickers, low floats, biotechs and infinite other rules. I fucking trade all of them.
I've been told that sometimes you just can't win and you may suffer months of draw down.
I win 90% of my tickers and haven't had a single month, week, or even day where I felt like I was destined to lose money.
If your trying to become a trader, sadly you are in one of the worse communities ever.
Funny thing is there still are some people who might help you. Some who might even change your life but make sure you are able to figure who those people are if you encounter them.
I personally was blessed to encounter two of them and in turn am doing my part as well. And the two people I've truly helped have already given me enough back for it to be worth it.
GL
Ten lazy years can disappear the moment you lock in. Six months of discipline can erase a decade of drifting. Momentum is magic. It turns yesterday's failures into tomorrow's fuel.
Good read on thinking in probabilities, dynamic EV, and evolving permutations from the new market wizard memoir post:
"Correct thinking looks different.
Same chart. Same breakout. But now, as Peacoat notices it on his scanner, he runs through a specific and routinized checklist that insulates him from whatever emotion he may or may not feel about the setup. This fits Bucket A. High-odds setup. I'll risk this amount, stop here, and define the signals that would increase or decrease my certainty in real time. If X happens, I add. If Y happens, I cut. If Z happens, I wait. Not one future but a matrix, and gradients instead of binaries."