Full time trader since 2005. Author of - Anyone Can Learn Market Profile.
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@TradingComposur Emotions are like gauges on a machine, they tell you about the health of the machine, they are not the problem by themselves. You need to control the process by looking at the gauges (your emotions) to get the ultimate result you want!
@MoneyTradeEdge Spot on! failing is inevitable, the real question is how much you are failing with. If you keep your trades reasonably sized WRT your capital, failures will only be lessons. Mess up your position sizing and failures will be the end of your trading career!
@alextradesx Absolutely right, traders make money and traders lose money. So its vital to focus on trader behavior and find as much as you can about their motivations, fears, frustrations. That is where the real money is!
@wannabechamp Trading is the only profession where you can scale both your capital as well as your skill. This double compounding is what changes lives in a very short period of time!
@dtr_trading Right on point! What more markets can do than to magnify your flaws. We are anyways blind to our flaws and can find one in others with ease. In this way market is a true leveler!
@TradingComposur Yes often once you rush into a trade your judgement will be compromised and biased. We need to normalize 'not being in a trade" as a valid trading position...
@tradingzeit@samuraipips358 No You got me wrong. My point is to identify the underlying trader behavior of a setup. Because price can develop in 100 different ways and will be used by smart money to manipulate retail traders. But once you understand the behavior of participants, you wont be fooled.
@TradingInTheNow Completely agree. Most retail traders underestimate the importance of "peace of mind" in trading.
Profits without peace of mind are not very enjoyable.
Profits with peace of mind are pure gold!
@alextradesx Being satisfied with 2% per month which is great is the real key. In this world of flashy PnL screenshots and "instagram" life, being content is a super power! More power to you...
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