What would you different knowing what you know now if anything at all?
If my sorry butt had to do it all over…., again
aaaaaarrrrrrrrrrGGGGGGGGG!!!!! – at the thought of that prospect- LOL
Anywho…, and in no particular order
Accept no one knows
Yet also accept – nothing that happens in the mkt is random…, or without cause (cause is not reason – seldom…, if ever do we know the reason) – shth events notwithstanding
SHTF events do occur – as do black swan events
Sit my ass down in front of a live chart – on sim – and learn the language – and remain on sim till I’ve learnt it
Accept every trade is a 50/50 proposition
Accept losing is as much a part of trading…, as is winning
We can do everything correctly – and lose (the trade breaks down)
We can do every conceivable thing wrong – and win (the trade works out)
(what a f'd up deal that is!!!!! - LOL)
Routine…, context…, patience…, open mindedness…, flexibility…, understanding and accepting the associated risk…, not hesitating…, remaining centered…, unbiased…, unaffected…, being and remaining a wiling loser…, humbleness…, concerted focus – are all vital skills necessary to be a successful trader
Either one innately possesses these…, or damn will better develop them (to the Nth degree)
Uncertainty - become an intimate friend with it
More ways to make money trading and I care to count – pick one.., own it
Keep losses small…, set stops where the trade breaks down
Context – any / all TA – is not a forecaster – it’s a quantifier – to then be used as a gauge against what is presently occurring
Timeframe(s) – price is contiguous (not to be confused with continuous) – pick what floats yer boat…, then own them
And use more than one – for various views = to get/ keep oriented – surprises suck
KISS
We make a PnL…, and that is all we make
Whale / elephant meat is delicious – and provides bountiful feasts
Gamesmanship is a part of this gig – identify who’s present (and conversely absent) – know their game – play their game better
It only about making money – by protecting capital first
There will be off days…, and fuck ups – roll with em
Take time off and detox
Stress will make one do stupid shit…, really stupid shit – repeatedly
We trade against the best in the world – screw em and feed em fish heads
No…, the mkt isn’t out to get us…., it doesn't even know we exist…, nor does it care
Our opinion…, our desires…, everything that makes us who we uniquely are – when trading – isn’t worth a cup of warm spit
Trading is strictly a performance based occupation…, and we gat paid strictly on our performance
Mkt will test us in ways we can't even begin to fathom - till it happens
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In short OP,
Become self reliant
Cut through the bullshit..., minimize self...., focus on the chart..., learn the language..., accept whether an individual trade is profitable..., or breaks down - is of no consequence / means nothing
With regard to trading - risk is ever present
It all about routine and repeat-ability
Shit happens
F em and feed em fish heads
On to the next one
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Sure there's more - but it the weekend and my brain is out to lunch
Successful Journey to You Sir
RN
