Markets will mentally condition you over months to react a certain way to some market phenomenon and be rewarded for it.
Then they'll slowly start punishing you for repeating the same behavioral pattern.
Always be reevaluating your base assumptions.
Everything is around timing. The market is designed to punish you by playing on your emotions.
Volatility = Emotion.
Many people find themselves trading in times that they shouldn't be trading, and being paralyzed in the times they should be trading.
bear market teaches you
>how to manage risk
>how to take profit
>how to get liquidated & feel nothing
>how to watch price 10 hours & do nothing
>how to be patient / discipline
bull market teaches you
>nothing
All of the recent news and market moves got you bleeding your account balances away but you put it down to “trading” and being unlucky. Phone out all the time, loading up charts to check price, see another 5m candle that you can position on.
Perhaps time to admit your addiction?
It's crazy that people think prices are down because "CPI"
focus on liquidity and you will not need to worry about all this bull shit...
news is lagging indicator, the flow doesn't lie.
low time frame trading is like 1 of the most psychopath thing to do lmeow, but then, if you spend long enough staring at it, and one morning, you decide to zoom out to the weekly chart, and remember all the friends you've met and lost on on each of these candles
Feeling regret for missing good trades is what forces bad trades
That regret becomes worse the more the market moves without you
Your job is to analyse the data as it is now, not to act on what it was weeks ago
Don’t punish your present self for what your past self didn’t do
Take your expectations and place them on yourself, not on the market
Expect consistency and excellence from yourself
The market doesn't care about you; it doesn't even know you exist
Your biggest wins will be from trades that are correctly sized and well executed
when you find yourself oversizing, this is like the beginning of your rekt journey
slow and steady... no short cuts
3 tips in 2 minutes on trading/thought process in the aftermath of a large sell off.
- Making it all back - overtrading
- Failing to appreciate "ideal" bearish retest zones distance
- Avoiding the Twitter induced FOMO rally
1/4 FOMC, elections, etc how do you trade events like this? The first thing you have to understand is that the market always loves to buy insurance (perhaps too much). Why? Because funds hold positions (bonds, equities, etc.). These guys don’t day trade, they hedge