๐ฅ๐ ธ๐ ฒ๐ TRADING ๐ฅ
You have to learn the rules of the game and then you have to play better than everyone else.
(Albert Einstein)
#Trusttheprocess#ICT
@phantom_ict You are wrong and misleading! Music is a very healthy thing for the body and mind. It's true that there is one style or another that doesn't suit everyone, but once you find music that suits you and relaxes and frees you, it's the best thing you'll find.
"When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end."
- Mark Douglas
@BlazeTrade Pro tip: donโt go into LTF or look for entries until youโre clear on what the Daily chart is reaching for. THEN seek ENTRY CONFIRMATION ONLY. Write that down ๐ค
The more you lose, the more you must make back.
Beware of the recovery rate:
You lose 10%, you have to recover 11.1%
Loss 20% > Recover 25%
Loss 40% > 66.7%
Loss 50% > 100%
Loss 75% > 300%
Control your drawdown early on!
You need to win:
1 of 3 trades to breakeven with a 1:2 RRR.
1 of 4 trades to breakeven with a 1:3 RRR.
1 of 5 trades to breakeven with a 1:4 RRR.
Become addicted to thinking in probabilities.