The more you focus on the money, The less you get. The more you focus on the systems, The more money you get. Trading is a funny game. Hard, but funny. Because you do all this worrying about trying to make money fast, When you need to worry about having the right systems in place. The right model. The right patience. The right amount of discipline. You fall back on the quality of your systems, so make sure they’re up to scratch.
You don’t need to trade more to make more You need to trade less and protect capital The market will always be there tomorrow Your account won’t if you abuse it
Wanted to see $NQ drop to these lows today in order to complete the MMSM. Very poor delivery (as expected during this time of year) but one to note as this is clean. Range high at the top taken, trade to discount of new range or range low. How? One candles expansion.
Winning a trade doesn’t excite me, Losing a trade doesn’t surprise me, Missing a trade doesn’t upset me. Every outcome this market can provide I have come to accept. Manage risk & you will no longer care.
Fuck the FVG’s, Fuck the orderblocks, Fuck all of it. The reason price moves is liquidity, those are just a language we use to get onside with that price. Everyone’s got their own language for price. - Where is price going? - How will it get there? Nothing else.
Most traders look for a better entry. When in reality, their biggest fuck up is what they do right before or after they enter. 1. Position sizing 2. Trade management 3. Emotional reactions (being a bitch) That’s where accounts are actually lost.
Clear range high or low pre 9:30. Sweep one side of the range. Confirmation: 1. SMT. 2. Displacement. Target discount or premium of the new range. If you manage risk and are fine with the win rate/RR, This can be your model. Genuinely.
Most of you are gambling addicts wearing a mask. Calling yourself a trader is that mask. Makes it feel like you’re going in the right direction. I say this because it was me for years lol, I knew what I was really in this game for. Dissect yourself, Dissect your personality. Dissect your systems. Are they one of a trader or gambler. Be honest with yourself. Anyway, merry christmas.
2nd year university. In my student accommodation, up at 4am trying to sleep whilst there’s a party going on next door. Sat with headphones in thinking about getting out of there. Now I live in an apartment with people 10 years older than me. Trading did that for me. That’s why I’ll love this game, no matter how long I’m in it. Anyway, merry christmas.
Confidence doesn’t come from the charts directly, it comes from your journal. Seeing your setup work = Confidence. Use your journal as a confidence shot, a reminder that your setup: 1. Will show up again. 2. Actually works. Start journaling.
Good traders protect capital first. When you NEED money, it runs away. Don’t look at the numbers, Look at the systems. The market doesn’t care about how badly you need it. It punishes that sort of thinking. Operate on your systems, Never on your emotions. Watch your trading transform as soon as you start doing this.