Sumit Vishwakarma @vsk_sumit
Traveler | Fitness freak | FX Trader | Investor | Day Trader Varanasi, India Joined March 2017-
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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.
You don't need talent, you need patience. Stop breaking rules. Stop fearing of missing out. Stop listening to other people's opinions. Stop trying to catch every market's movement. Successful trading is 99% waiting.
Be so busy improving yourself that you have no time to criticise others. - CHETAN BHAGAT @chetan_bhagat
Trading challenge: - 100 trades - Min. risk to survive 100 trades - Trade. Win/Lose. Do it for 100x. - 100% focus on executing your system - Track/review/learn from your mistakes 100 trades afterwards you'll be a 10x better trader.
Now streaming on: Apple Podcasts - podcasts.apple.com/in/podcast/rad… Google Podcasts - podcasts.google.com/feed/aHR0cHM6L… Amazon Music - music.amazon.com/podcasts/9d119… YouTube - youtu.be/jGIRVFEKUR0/ Spotify - open.spotify.com/episode/3vBaaf…
Parkinson's Law Work expands to fill the time available. Set clear deadlines to increase productivity and efficiency.
Trading is hard: - The battle is against yourself - Fear, greed and anger steal your money - No one will come to save you That's why most traders give up.
Develop Positive Thinking Start by becoming more aware of your negative self-talk: do a little tally sheet throughout the day, marking a tally each time you notice a negative thought. Soon you’ll recognize them, and you can squash them.
Give Your Best In All That You Do It doesn't matter what everyone else is or isn't doing. Focus on your contribution every day. When you give your best, you'll inspire others to give their best too.
Truly successful people have learned to do what does not come naturally. Real success lies in experiencing fear or aversion and acting in spite of it. - JOSEPH MANCUSI
If you have a skill and a proven track record of empecible risk management, people will fund you. They aren't interested in home run Harry who wants to trade max lot size for maximum dopamine. It all goes back to "patience".
No one is here for you so do it alone and pushing your comfort zone
Give Yourself A Break Don’t try to interact with people if you are not feeling your best, either emotionally, physically or mentally. Instead of socializing due to an obligation, even though you are not at your 100 percent, it is better to be absent.
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Chasing short-term pleasure is the fastest track to failure.
Many traders start out strong but then give up. The trick is to stay in the game. Show up. Practice like no one else. Think very very long term.
3 Indicators for life: 1. ICT Killzones + Pivots @TradeForOpp 2. first fvg @_joshuuu 3. ICT ADR Levels - Judas x Daily Range Meter @toodegrees This is all I would ever need to form a narrative & take a trade any day. They're on every chart I share.
𝗜𝗥𝗟 & 𝗘𝗥𝗟 ( 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗥𝗮𝗻𝗴𝗲 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝘁𝗼 𝗘𝘅𝘁𝗲𝗿𝗻𝗮𝗹 𝗥𝗮𝗻𝗴𝗲 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 ) Credit - @theMMXMtrader
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.
You don't need talent, you need patience. Stop breaking rules. Stop fearing of missing out. Stop listening to other people's opinions. Stop trying to catch every market's movement. Successful trading is 99% waiting.
I quit my 9-5 to DAYTRADE full time when I was 24 Since then I went from making $50k a year to $50k a MONTH. Here are 7 things I learned in the process:
You wont become a millionaire in the stock market without the proper mentality. Heres 30 important trading psychology lessons I’ve learned on my journey to 7 figures:
The best trader in the world has more losses than the trader who is afraid of failure.
Power tests your kindness, money tests your humility.
Consistency is showing up every day. Discipline is following rules every day. Confidence is believing in your system every day. Your daily habits determine your trading future.
@MoneyTradeEdge After acquiring trading knowledge, many hesitate to put it into action. Successful traders are those who act calmly based on rules and apply their knowledge in practice. Knowledge without action is powerless.