Read on Twitter
1/ Short thread:
My trading has gotten so much better this year and it has nothing to do with my winners but everything to do with how I'm handling losers.
Metaphorically speaking, trading isn't just about highlight reel knockouts. It's about not getting knocked out.
My trading has gotten so much better this year and it has nothing to do with my winners but everything to do with how I'm handling losers.
Metaphorically speaking, trading isn't just about highlight reel knockouts. It's about not getting knocked out.
2/
If you're in this game long enough, you'll catch big winners... and unfortunately, you'll probably catch big losers too.
Game changes when you make a habit of cutting losers before they get there.
Think about how much you're willing to lose instead of how much you can make.
If you're in this game long enough, you'll catch big winners... and unfortunately, you'll probably catch big losers too.
Game changes when you make a habit of cutting losers before they get there.
Think about how much you're willing to lose instead of how much you can make.
3/
It's ridiculously easy to justify holding a position because:
>There's another support on # timeframe
>Fundamentals/catalysts
>Trader ABC said it's a good buy!
No.
Get used to cutting your positions when you're wrong.
Stop slow injecting hopium into your veins.
It's ridiculously easy to justify holding a position because:
>There's another support on # timeframe
>Fundamentals/catalysts
>Trader ABC said it's a good buy!
No.
Get used to cutting your positions when you're wrong.
Stop slow injecting hopium into your veins.
4/
Tldr; plenty of opportunities to win big or lose big.
Figure out how to prevent your big losses (follow your invalidation, set a sl, whatever) and you've already significantly improved your chances of making it here.
Tldr; plenty of opportunities to win big or lose big.
Figure out how to prevent your big losses (follow your invalidation, set a sl, whatever) and you've already significantly improved your chances of making it here.
