1⃣One good trade
A loser may have been One Good Trade. If your fundamentals for a trade are sound, then that is One Good Trade.
Profitable traders obsess about making One Good Trade and not money. Your job is to make One Good Trade and then One Good Trade and then another.
A loser may have been One Good Trade. If your fundamentals for a trade are sound, then that is One Good Trade.
Profitable traders obsess about making One Good Trade and not money. Your job is to make One Good Trade and then One Good Trade and then another.
2⃣A trading side effect
Traders learn more about themselves in a year of trading than many learn in their entire adult lives.
Traders learn more about themselves in a year of trading than many learn in their entire adult lives.
3⃣It's not about predictions and intuitions
Being a consistently profitable trader is about doing the thousand little things every day, like proper preparation, that impact your P/L.
Being a consistently profitable trader is about doing the thousand little things every day, like proper preparation, that impact your P/L.
4⃣SMB rules
At SMB, we ask our traders to follow a set of seven fundamentals before entering every trade. Our fundamentals are:
✅Proper preparation
✅Hard work
✅Patience
✅A detailed plan before every trade
✅Discipline
✅Communication
✅Replaying important trades
At SMB, we ask our traders to follow a set of seven fundamentals before entering every trade. Our fundamentals are:
✅Proper preparation
✅Hard work
✅Patience
✅A detailed plan before every trade
✅Discipline
✅Communication
✅Replaying important trades
5⃣Trading and sport
A great trader is an elite performer. Elite performers spend every day trying to improve. Every day we trade is an opportunity to learn from the market.
A great trader is an elite performer. Elite performers spend every day trying to improve. Every day we trade is an opportunity to learn from the market.
6⃣Math and probability: it's just that
Trading is not about being right. Trading is a game of math. It is about finding setups that offer you a good risk/reward and pulling the trigger. Thirty-40 percent of these trades will result in a loss.
Trading is not about being right. Trading is a game of math. It is about finding setups that offer you a good risk/reward and pulling the trigger. Thirty-40 percent of these trades will result in a loss.
7⃣The key: patience and discipline
If you just watch your screens patiently all day, plays will emerge. Good risk/reward setups will appear. Consistently profitable traders do not force trades. They embrace the important part of their job: just waiting for a setup to develop.
If you just watch your screens patiently all day, plays will emerge. Good risk/reward setups will appear. Consistently profitable traders do not force trades. They embrace the important part of their job: just waiting for a setup to develop.
8⃣Eliminate things that do not work
You must note what works for you and continue to do more of this. But you also must eliminate your mistakes. At the end of every day in your trading journal you must make a list of things that do not work for you. And then eliminate them.
You must note what works for you and continue to do more of this. But you also must eliminate your mistakes. At the end of every day in your trading journal you must make a list of things that do not work for you. And then eliminate them.
1⃣One good trade
2⃣A trading side effect
3⃣It's not about predictions and intuitions
4⃣SMB rules
5⃣Trading and sport
6⃣Math and probability: it's just that
7⃣The key: patience and discipline
8⃣Eliminate things that do not work
2⃣A trading side effect
3⃣It's not about predictions and intuitions
4⃣SMB rules
5⃣Trading and sport
6⃣Math and probability: it's just that
7⃣The key: patience and discipline
8⃣Eliminate things that do not work
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By the way, for more content like this about lessons/quotes from the best #trading books, check this growing library 👇
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