"Eliminate your emotions" – people who say this understand nothing 🧵
In the trading world, it's often said, "Eliminate your emotions."
The truth that no one talks about is that "emotions can become your ally in maintaining consistency."
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Many people believe that "as long as they have" a system with an edge, they can succeed, but that is a mistake.
If you are inexperienced as a trader, no matter how excellent the system, you won’t be able to extract its edge.
An edge emerges through the law of large numbers as probabilities play out.
You must remain consistent even through losing streaks and drawdowns that make you feel repeatedly that "the system isn’t working."
As long as you hold the belief that "winning and losing matter," this will be impossible.
When your focus shifts to a long-term perspective and you fully adopt probabilistic thinking, the path will open.
I’ve been writing here about how to achieve that.
Only a few people reach the essence and actually do the work.
That’s how challenging the journey of trading is.
Best of luck.
Good night 😴
To ensure you truly master probabilistic thinking 🧵
Probabilistic thinking isn’t something you can master just by knowing about it.
Here’s what’s strongly preventing you from adopting it without you even realizing it.
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decided im just going to give away my entire strategy for free
the unicorn model makes me $15k/month, just from following these rules:
i made a pdf containing the exact rules & framework i follow so you can too
like, RT, and reply "unicorn" and i'll dm them to you
Thread 🧵
I'm a fulltime trader 👀
Meaning this is my main source of income 💰
And I started in 2014 with just a humble 2k and a dream for a better life ✨
I'm going to give you the biggest lessons I have learned on this journey so far 🤝
Read on...
Here a secret key for everyone, I use this to keep my emotions in check when in DD, check you average WR and then check what's the probability of you hitting " x " consecutive losses in a row.
For me that's 65% currently, I am comfortable losing up to 6 trades consecutively as the probability of that occurring is not so rare.
Let me know below, what your WR is and how many trades are you comfortable losing consecutively 💎
ICT Tip 💡:
The best setups will form after a run on stops in the opposite direction to the HTF draw.
They will occur around key liquidity pools such as:
🔸️Session highs/lows
🔸️Daily highs/lows
🔸️Previous 3 days high/low
🔸️Weekly high/lows
@tradermike1234 did you withdraw on the way, psychology around different amounts like getting to 5 figures, 6 figures act, do you still grow or just withdraw etc
@tradermike1234 I know you just scale up and what not as per theory, but it would be good to hear about the journey e.g how long it took to get it to the point it’s at now, how many trades it took to get to certain levels, challenges /setbacks you faced as it got bigger,