Why is it that traders are often too scared to enter the "best trades" but jump into the worst possible trades with full confidence?
It is because they feel they don't have to take responsibility for a trade that they haven't thoughtfully planned. So when a trade like that goes…
@WhaleWire
When BTC fees become too expensive to use it as payment method, maxis call it a store of value. When it crashes 40% in a day, its future of finance and payments again🫠😅
@MoneyTradeEdge
5 years of pain can bring you a lifetime of trading freedom.
Seems like a pretty good deal. However, most people cannot stay disciplined for 5 years.
“Dopamine addicts”, stay away from trading.
Your addiction to profits and being right all the time will be the reason why you will not be profitable in the markets.
Success in trading is not free.
You will lose and trading will be painful.
But this pain and losses will turn you into a disciplined successful trader.
Each time frame tells its own story.
Higher time frames give you the most important part of the story, smaller time frames give you an additional narrative to the bigger story.
When the time frames align, you have a high probability trade setup.
Ironically, when you focus on your PnL, you tend to be much more emotional, which lowers your PnL.
If you focus on your execution, mindset and emotional control and not your PnL, your PnL will begin to increase.
A huge number of traders give up on really good strategies just because they believed the tales of "secret trading methods" with amazing continuous returns.
There is no such thing. With RR ratios of 1:3-1:5, you need a strategy that has a hit rate of 20%-33%. That is all.…
@MoneyTradeEdge
Trade your system, not opinions.
Always listen and follow your system.
Focus on taking the best trades and managing your risks.
Have the discipline to repeat this every day.
Hope is not a strategy.
Traders should have a plan not a hope.
Hoping for a good results means you have no plan and you just gave up.
Always manage your trading actions.
Do you know why trading is so hard? Because you have to find confidence in an environment where nothing is certain and mostly random.
If you don't have the confidence to trade, you can't trade. However, once you find that confidence, it can be the very thing that kills you in…
Always listen to your trading system and never listen to your emotions.
Your system represents your edge, data and facts.
Your emotions are irrational and usually wrong.
The "9-5 mentality" in trading can be dangerous.
You can't expect to be paid regularly, if you do you will be forcing trades.
You "get paid" and you “take profit" when the markets give you the opportunity to take take it.
Sure, you set your TP levels, but you can't really time…
Discipline, emotional control and the ability to react will always beat intelligence.
People who are highly intelligent tend to "overthink" their trading actions, which results in messing their execution.
Traders often forget to focus on the things that really matter, like themselves.
They focus so much on analyzing the markets that they forget to analyze themselves.
@WhaleWire
Maxis are always crying and panicking about this, or they simply calling this fud, but honestly, the sooner we finally get over with this, the sooner this entire space starts to really evolve.
If you cannot accept the risk on a trade, simply do not take that trade.
Even if your potential profit is huge, if the risk on the trade is too big, do not take it.
Don't get easily “high” on vision from profits, always look at the risks first.
Losses are an absolutely necessary part of any trading or investment strategy.
Ironically, the more you try to avoid them, the more likely you will mess your trades.
Stop avoiding losses and start managing them.
Journaling your trades helps you recognize your trading mistakes before they cause you major problems.
If you can't recognize them, you won't be able to solve them effectively.
The market is not trading against you.
You're just making crappy trading decisions.
You are not that important. Market doesn't care about you, it doesn't even know you exist.
Stop playing the victim.
A healthy passion for trading is essential if you want to trade successfully.
But never let your passion turn into an obsession.
That obsession can easily lead to bad financial decisions.
@MoneyTradeEdge
Trading is a crazy business.
Your whole life can change in a month or even a week.
Whether it changes for better or worse is up to you.
Markets keep playing the same old songs.
The only difference is that the "artists" playing these songs can change.
But the “songs”they play are always the same. And so are the markets.
Markets are always the same or at least rhyme because people and human emotions never…
@Ashcryptoreal
The SEC does everything but protect investors. This is complete bulls*it and the way they are handling it is ridiculous and only hurting investors.