Time is the ultimate currency

New week incoming. Time to get balls deep.

Repost

Fuck it. I’m coming out of retirement.

People who are afraid to fail or make mistakes think too highly of themselves.

Traders place too much emphasis on profits (PnL) and not enough emphasis on performance (RR statistics). If you want to improve as a trader, you need to focus on how you can trade better, not how much more money you can make.

My trading results improved dramatically when I started to have an image in my head of what I want to see in a setup and price action. When you get to that point, you will become a trader that waits for stocks to "come" to you vs you chasing after them. Know what you want to see.

Knowing the active times of the market/s you trade is important. You can't say that you can trade whenever you want. The market moves when it wants to move, not when you feel like it should move or when it's convenient for you. Adjust accordingly.

Trading Journal > Mentor/Psychologist. Grow up already, ffs

Mental Capital > Financial Capital

Losers have goals Winners have systems.

Journaling my trades has done wonders for my trading. It helps keep me accountable for every single decision I make. Just knowing that I have to record a trade makes me only stick to high probability setups.

The 90% see markets and narratives. The 10% see edges and probability.

Discipline isn't something you're born with. Think of it as a technique to integrate a new belief. Once the belief is successfully integrated, you will operate out of it naturally without any effort.

No one can teach you more about your mistakes than your (trading) journal.

A journal points out your mistakes and gives you clues about how you can improve your performance. This is not only true for trading, but also for other areas in your life.

Stop showing P/L in dollars. Anyone with a brain doesn’t care because we don’t know your risk. Your $5,000 gain is worthless if you had to risk $15,000 to make it. Start showing: percent gain, peak drawdown, $ average winner, $ average loser, and win rate percentage.