MoneyTradeEdge | Better Thinking Better Trading
@MoneyTradeEdge
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Helping you to trade effectively, without getting lost in your emotions. Discussing trading from the psychological aspect to the pure technical concepts.
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Joined July 2020
X account was hacked on March 31st. I was able to recover it and improve security just a couple of days ago. The account is now safe and recovered. I will probably take a short break from social media and be less active to process everything.
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Trading losses can be painful. It takes confidence to trade again after a trading loss. Trading is not for weak people.
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Studying price action 14 hours per day is 100% useless if you break rules all the time.
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The 3 worst trading mistakes: 1) Taking stupid risks 2) Breaking your rules 3) Marrying one trade Stop sabotaging your trading.
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Every day... 6-7 hours of patience. 10-20 min of fearless execution. Wait for your trades. Wait for your setups. Execute like a sniper. Successful trading is: - 1% execution - 99% patience Don't be scared.
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Study your charts. Study your system. Study your emotions.
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Stop getting angry for a missed opportunity. Just get prepared for the next one.
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Stop fearing retracements. Price never follows a straight line. Trust your system. Trust your plans.
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1 year of focused hard work can dramatically change your life forever. Don't stop showing up.
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Plan everything. Trade this if x happens. Trade that if y happens. Cut losses if z happens. Close trade if x news happens. Add trade if price retests. ... Control 100% of what you can control. Forget anything else.
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Trading teaches you isolation.
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Stop fearing retracements. Price never follows a straight line. Trust your system. Trust your plans.
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The more you trade, The more you realize that price action is king.
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Weekly to do list: - Study price action - Review past trades - Review trading systems - Plan trades for the next week Never stop improving yourself.
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5 years of hard work. 5 years of wins, losses, pain and success. 1 trading goal. Freedom.
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Remember, The #1 trading rule is: Don't blow your account.
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Trading becomes 10x simpler when you realize you don't need to catch every single market movement.
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You start trading to avoid 9-5 jobs. You will start working 24/7. That's trading.
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5 years of hard work. 5 years of wins, losses, pain and success. 1 trading goal. Freedom.
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You don't need talent. You need patience.
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