Trading Psyche

The first rule is to know thyself.
"All tweets are gotten from a trading related book"

[Trading Psyche @tradingpsyche]

If your mentor’s lifestyle is entirely funded by course sales and affiliate kickbacks rather than a verified live track record, you aren't their student. You're their liquidity. Stay sharp out there.

[Trading Psyche @tradingpsyche]

Let’s have an honest conversation about "trading coaches"

[Trading Psyche @tradingpsyche]

Real trading is boring, quiet, and mostly involves staring at risk management rules and managing your own psychology.

[Trading Psyche @tradingpsyche]

Real trading gives you uncapped upside when you're right, control over your exits, and proper use of leverage. Fixed-payout platforms give you illusion of control while the house edges you out.
​Protect your capital. Stick to real markets with real risk management. #iqoption

[Trading Psyche @tradingpsyche]

Ran into a buddy at the gym who lost a chunk of capital on a fixed-payout platform (like IQ Option). It reminded me why I need to scream this from the rooftops:

​If a platform limits your upside to a fixed % per trade, you aren't trading. You're playing against a rigged house. +

[Trading Psyche @tradingpsyche]

But on these fixed-return platforms? You risk 100% of your stake to make maybe 75%–85% back.
​Mathematically, you need a win rate well over 55-60% just to break even. Factor in emotional trading, and long-term profitability is virtually impossible. The math simply doesn't work.

[Trading Psyche @tradingpsyche]

I'm not crying, it's just the candle smoke

[Trading Psyche @tradingpsyche]

Me seeing a setup and not trading: > Price goes +400% 📈
Me seeing a setup and finally entering:
Market turns into a vertical line to hell 📉
I am the exit liquidity I’ve been warned about.

[Trading Psyche @tradingpsyche]

Ultimately, one must know thyself.
h/t @wordsofrizdom @sanglucci

[Trading Psyche @tradingpsyche]

Life's greatest enemy is time

[Trading Psyche @tradingpsyche]

1. Define your risk before each trade.
2. Cut your losses (use stops)
3. Systematically take profits.

[Trading Psyche @tradingpsyche]

4. There is a random distribution of wins and losses for every set of variable that constitute an edge
5. An edge is simply a higher probability of one thing happening over another.

[Trading Psyche @tradingpsyche]

Five fundamental truths according to Mark Douglas:

1. Anything can happen.
2. Every moment in the market is unique
3. I don't need to know what will happen next in order to make money in the market longterm.