This Trading Life

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But… when it’s good, it’s very very good! Which is why I’m still here ☀️
6. The buck stops with you. There is no-one else to blame. All trading decisions are yours alone, so if you’re not big on self-responsibility, don’t even consider trading.
5. You’re on your own. If you don’t like yourself, you’re going to find it extremely uncomfortable.
4. You’ll spend a lot of time waiting. You’re either waiting for a trade set-up or waiting for a trade to play out. That’s a lot of waiting.
3. It’s really boring. & can make you a very boring person, if you let it. Fill your days with more interesting activities.
2. You will not make consistent income. Sure there’ll be some very good periods, but then no income for months at a time. If you want consistent income, find other work.
1. It’s tough. & I mean super-tough. It will mess with your head constantly, chew you up and spit you out again and again.
Why I never ever encourage anyone to trade for a living:
Had a break (yomping in the Lakes) & feel so much calmer and focussed. Happy to let the trades appear in their own time this week. Breaks from trading are my secret sauce!
Many traders struggle to keep discipline when it comes to trading. The most common root source of this is not truly understanding your 'why'. Look past wanting freedom and the ability to earn an uncapped income. The deeper your 'why', the more discipline you will have.
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Is this why most of us become traders?  So that WE can prioritise our own happiness! ☀️
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I'm not watching or reading the news until after the next general election. That is all.
Here’s something they don’t tell you: Trading is boring.
Sunday afternoon and getting mindset ready for the start of the week - calm, clear & confident.
The super-rich ‘preppers’ planning to save themselves from the apocalypse | The super-rich | The Guardian theguardian.com/news/2022/sep/…
'Break even' trader is your first target. Stop stupidly losing money. Vast majority of traders never break this threshold.
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If there is a holy grail in trading, this is it:
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This might feel very uncomfortable but it is well worth exploring 🔎twitter.com/AnthonyCrudele…O
Figure out what you can do to increase odds that you feel energetic and confident-- both physically and mentally. Make a plan for your psychological capital.
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Getting better at taking risks applies to everything...hence, getting better at parsing how confident you are (or are not) is a true competitive edge.
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This is a no-brainer investment in your trading success (excuse the pun!) I’ll be there 👍twitter.com/DeniseKShull/s…G
Do you have big goals? In order to create the expectation that we can accomplish these goals, we need to set up small wins for ourselves. We can't change what has already happened, but we can make change now.
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Trade to Live. Don’t live to trade. That simple shift in perspective will make you a much better (and happier) trader. It takes you out of the rat race of comparison, ego and one upping urself. It sets you free.
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Narrow ur focus. Then narrow it some more. Find the one trade, the one method, the one situation that makes clear sense to you and drill down on it. Commit to it fully and block everything else out until it pays you. Own that one thing. Now you have edge.
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Mental capital is what helps us hold onto and keep growing financial capital. Like & Retweet if you agree.
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We are the sum of all of our habits. The secret to your success is always going to be a result of your daily routine. If you want to be a better trader, think about what habits you can adopt that will instil a calm, disciplined and patient approach.
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Never confuse simple with easy. True for life. True for investing.
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You are not obligated to trade every day. Some days, there just isn't anything worth trading.
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If you can’t live with losing, if you can’t handle being wrong, if you can't take failing regularly, then trading is probably not the job for you. The great traders develop an intimate and healthy relationship with losing, being wrong, failing.
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& the ability to get out of town to avoid this weekend's nonsense - into the woods with no wifi or TV or sycophantic pageantry - bliss... 🌳❤️twitter.com/ThisTradingLif…z
It took me a while to get my head around not NEEDING to take a trade every day, just because I am a "day trader". It was through studying my stats and trades that proved sometimes less is more. It certainly is in my trading.
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The benefits of minimal screen time to my trading are huge. The irony is I can only do that now, because of the many many thousands of hours I've spent in front of the same screen. Another reason why trading is such a strange choice of profession! 🤪
Trading is an ART — not a science. 3 reasons why👇🏼🧵
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@AlphaMind101 Well said! It says a lot that the same trading strategy can be given to a group of people and they will all yield different results. Traders must learn that the real edge is in their psychology - this is nothing more than a game of numbers and risk management in the long run.
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@position_trader Love it! ☀️ Another favourite of mine: 'To wake at dawn with a winged heart and give thanks for another day of loving.' - Kahlil Gibran
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The market is chock full of egos. It’s a giant pissing contest. Use that to your advantage.
Zen or chimp? Just a bit of fun... (i.e. don't take it too seriously!)
Great advice - try to shut out the noise. twitter.com/trader_debo/st…
What does chocolate have to do with trading?
'The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion.' Albert Camus
So... whatever kind of week you've had... It's Friday - so time to close those screens down! (at least for a little bit 😇😂)
Am I a wuss for not wanting to follow any traders who post charts?
Mental capital often gets overlooked but it's soooo important! twitter.com/JadeCapFX/stat…
Oh my word - this!!! I'm sat here crying😂twitter.com/Belatoshi/stat…q
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