2.5 years and $15,000 lost because I had no discipline
Until I started using the same strategy that casinos employ to generate $3,000,000 per day
Here's what it is and how it turned me into a profitable trader:๐งต
Until I started using the same strategy that casinos employ to generate $3,000,000 per day
Here's what it is and how it turned me into a profitable trader:๐งต
Why are casinos so successful?
How is it that every time I play blackjack I lose?
One word:
How is it that every time I play blackjack I lose?
One word:
Edge.
Casino games have an EDGE in their system.
Meaning that in the LONG RUN, they are statistically expected to make money
Casino games have an EDGE in their system.
Meaning that in the LONG RUN, they are statistically expected to make money
For YEARS, I was stuck having ZERO discipline in my trading
I've blown up over 10+ accounts in my time...
simply from having no discipline
I thought my trading journey was coming to an end until...
I've blown up over 10+ accounts in my time...
simply from having no discipline
I thought my trading journey was coming to an end until...
I realized something.
I have no EDGE in the market.
Or maybe I did but just didn't truly know it at the time
But that was the issue
I have no EDGE in the market.
Or maybe I did but just didn't truly know it at the time
But that was the issue
I didn't truly know it.
Because I had no validity in my trading strategies, I had no confidence to trade them
Which resulted in Fomo, not getting out at my stop, sizing too much, etc.
Because I had no validity in my trading strategies, I had no confidence to trade them
Which resulted in Fomo, not getting out at my stop, sizing too much, etc.
So how did I overcome such problem?
Using the Casino's mindset.
There's a reason no casino owner ever sweats
They KNOW they will make money because they have a PROVEN system
Using the Casino's mindset.
There's a reason no casino owner ever sweats
They KNOW they will make money because they have a PROVEN system
So all I needed to do was TEST my trading strategies and see if they are profitable
After a series of backtests and forward tests, I saw that my strategies worked
Which gave the most important feeling in trading:
After a series of backtests and forward tests, I saw that my strategies worked
Which gave the most important feeling in trading:
CONFIDENCE
After every losing trade I didn't sweat.
I had confidence in my edge so I just kept trading and STICKING to my strategy
It became EASY to follow my strategy because I had proven it's profitable
After every losing trade I didn't sweat.
I had confidence in my edge so I just kept trading and STICKING to my strategy
It became EASY to follow my strategy because I had proven it's profitable
This is the mindset you need to have if you ever want to become a self-sufficient trader
Validity --> Confidence --> Profits
Here's another nugget for you:
Validity --> Confidence --> Profits
Here's another nugget for you:
While having a proven strategy is crucial, it's also important to have discipline in your LIFE
Your life outside of trading translates into your trading
Your life outside of trading translates into your trading
If you can't eat healthy, workout, and stick to your positive habits...
How do you expect to be a disciplined trader?
How do you expect to be a disciplined trader?
Start working on yourself and you'll instantly see results
Crazy how much my trading changed when I stuck to my healthy habits
ANOTHER NUGGET:
Crazy how much my trading changed when I stuck to my healthy habits
ANOTHER NUGGET:
Do a "challenge" with someone else.
You can look up "monk mode", 75 hard, project 50 on google
All personal development challenges to keep you disciplined
PLUS:
You can look up "monk mode", 75 hard, project 50 on google
All personal development challenges to keep you disciplined
PLUS:
If you can do it with a buddy, it becomes SO much easier
A trading buddy who you can message when you're feeling emotional or getting FOMO
Have someone to hold you accountable
A trading buddy who you can message when you're feeling emotional or getting FOMO
Have someone to hold you accountable
If you enjoyed this thread, feel free to leave a like + RT on the original tweet
Also follow me @FT__Trading to learn tips on becoming a self-sufficient trader
More threads coming!
Also follow me @FT__Trading to learn tips on becoming a self-sufficient trader
More threads coming!
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