Personal Profit Gap
What to focus on to become profitable?
Thread 1/8💬
What to focus on to become profitable?
Thread 1/8💬
2/8 [Idea]
Personal Profit Gap[PPG] — divergence between your potential and actual performance.
More info here:
t.me
Personal Profit Gap[PPG] — divergence between your potential and actual performance.
More info here:
t.me
![2/8 [Idea]
Personal Profit Gap[PPG] — divergence between your potential and actual performance....](https://pbs.twimg.com/media/F2rYDWfWoAEGjPV.jpg)
![AlexxxFX [THE EDGE]](https://pbs.twimg.com/news_img/1686292203763630081/16rk2HK-?format=jpg&name=orig)
3/8 [example]
On example of the scheme, you can see that the divergence between potential and actual performance is 10R.
On example of the scheme, you can see that the divergence between potential and actual performance is 10R.
![3/8 [example]
On example of the scheme, you can see that the divergence between potential and act...](https://pbs.twimg.com/media/F2rYH1EXMAAopv6.jpg)
4/8 [Concept]
PPG consists of demons and other mental barriers, which you need to overcome, for example: fear, closing trades early, overtrading etc.
PPG consists of demons and other mental barriers, which you need to overcome, for example: fear, closing trades early, overtrading etc.
![4/8 [Concept]
PPG consists of demons and other mental barriers, which you need to overcome, for e...](https://pbs.twimg.com/media/F2rYL62WcAAQj_m.jpg)
5/8 [error]
The main mistake - traders focus on money/account gain instead of focusing on demons. It is the same as when basketball player focuses on points instead of technical skills - in this case, he is more likely to lose the game.
Profitability is a byproduct.
The main mistake - traders focus on money/account gain instead of focusing on demons. It is the same as when basketball player focuses on points instead of technical skills - in this case, he is more likely to lose the game.
Profitability is a byproduct.
![5/8 [error]
The main mistake - traders focus on money/account gain instead of focusing on demons....](https://pbs.twimg.com/media/F2rYUxqWMAAsIxd.jpg)
6/8 [How to fixit]
Gamification - one of effective ways. Your demons are your enemies, every killed demon brings you 1R on average.
Gamification - one of effective ways. Your demons are your enemies, every killed demon brings you 1R on average.
![6/8 [How to fixit]
Gamification - one of effective ways. Your demons are your enemies, every kil...](https://pbs.twimg.com/media/F2rYYy0WYAAm4P8.jpg)
7/8 [How to kill the demon]
Structure:
1) Identify demon. Example: Fear of execution
2) Specify why exactly it is negative. Example: Missed 10 profitable trades within month, thus not profitable.
3) Identify triggers/reasons.
Structure:
1) Identify demon. Example: Fear of execution
2) Specify why exactly it is negative. Example: Missed 10 profitable trades within month, thus not profitable.
3) Identify triggers/reasons.
![7/8 [How to kill the demon]
Structure:
1) Identify demon. Example: Fear of execution
2) Specify...](https://pbs.twimg.com/media/F2rYhxBWcAA8hhn.jpg)
8/8 [End]
Example: trigger - raid against the setup; reason - not accepting the risk.
4) Identify solutions. Example: checklist will help to execute better, learn to accept the risk by lowering it first.
5) Analyze results and repeat.
t.me
Example: trigger - raid against the setup; reason - not accepting the risk.
4) Identify solutions. Example: checklist will help to execute better, learn to accept the risk by lowering it first.
5) Analyze results and repeat.
t.me
![8/8 [End]
Example: trigger - raid against the setup; reason - not accepting the risk.
4) Identi...](https://pbs.twimg.com/media/F2rZLigXoAUNyw9.jpg)
![AlexxxFX [THE EDGE]](https://pbs.twimg.com/news_img/1689198004043927552/TlRqa36X?format=jpg&name=orig)
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