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Get a cup of coffee.
In this thread, I'll help you understand Warren Buffett's famous quote: it's better to buy a wonderful business at a fair price than a fair business at a wonderful price.
When you approach trading with a probabilistic view, you'll automatically see the necessity of making it about the long haul.
You'll see the absurdity of being thrilled over short term winning trades or, conversely, depressed over short term losing trades.
Having the strength and willingness to show up, take your chances, and expose yourself to the possibility of losses if the reward potential is worth it.
That's the essence of what we're doing.
Don't underestimate the Importance of Starting Small.
Most Businesses, Traders & Investors have very Humble beginnings & then they scale with Experience.
Always Remember, As William Faulkner Said, The Man who removes a Mountain begins by carrying away small stones.
All your thinking must happen outside of market hours as you're preparing, researching, etc.
During market hours, there is absolutely no place for overthinking.
It's all just execution.
When Black Friday comes and gadgets go on sale, people rush to the stores for what they see as an unmissable opportunity.
But when assets go on sale, everyone panics and gladly passes on the opportunity.
It shows our shortsightedness and wiring for instant gratification.
For me, the greatest success came when I finally decided to forget about the money and concentrate on being the best trader I could be. Then the money followed. Concentrate on being the best you can be, and the money will follow. The main thing is to let your passion drive you.
If you're intimately wishing, hoping, and praying to have a winning trade every time you place a trade, you're preparing yourself to head on an emotional roller coaster ride.
Just place your trade, stick to your plan, relax, and let the market provide on its own time.
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