sphinxg7.base.eth

@sphinx

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243 Followers

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The truth is that you'll go through losses again and again and again. This is the reality of trading. The other truth is that this will hurt a little less each time.

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Surprisingly or unsurprisingly, trading gets much (much!) easier when you don't need the money. Find a way to not need the money.

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Good night 🌉

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Practice self-control in your daily life. If you can't control yourself in small situations, like when someone cuts you off in traffic or when waiting in line, how can you expect to have self-control in the market

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The market never lies. It simply shows us our own patterns and decisions. Mastering our psychology is where the real edge comes from.

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Trading is all process. You show up day after day after day, and you focus on the process. That's all there is to it

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"You should review your rules at the beginning of the day and review your trading at the end of the day. If you followed your rules, even if you lost money, pat yourself on the back." ~ Dr. Van K. Tharp

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Losses are part of this business. Do not allow yourself to become bitter because of them. Maintain that spark in your eyes. Manage your risk, Keep trading, keep learning, and keep growing

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Daytrading isn't a losing game. Daytrading is hard. It's an important nuance. The reason why it's hard is that it's a high-performance endeavor much like free solo climbing or pro golfing. The people who thrive as day traders are elite performers who've earned their mastery.

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Success in the market is about becoming someone who can consistently act in his/her own best interest

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Patience is really a key. Learn to relax. Good things happen to those who can wait.

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When a risk management parameter is triggered, bite the bullet, take the L, and move on. Don't hold on. Don't get defensive. It's OK to be wrong. It's OK to lose small.

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When the market hands you profits, accept it with humility. When the market hands you losses, accept it with grace

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The market goes after the impatient and distributes their money to the patient.

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With experience, you'll find that composure is a cornerstone of consistency in the market. Your trading performance will only be as consistent as your capacity to remain calm, stable, and focused.

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Consistency comes from processes and rules. Those are monotonous, dull... and nobody wants that.

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The market goes after the impatient and distributes their money to the patient.

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