Trading Style
Price Action, Technical Analyst
Discretionary Profit Taking, Discretionary (Stop) Loss Taking
Trade Both Trending and Ranging Market
Day trading (80%), Swing trading (20%) ..
Always Trade Your Best
A trader should look at a chart for what it is, and not for what he want it to be.
Trade within your ability and risk tolerance. Increase size and frequency when ability and tolerance permits it.
The more you mentally prepare and accept loss the less psychological capital it takes.
After talking to a guru or anyone with the holy grail, I always take a hot shower, burn the clothes I was wearing, and drink them out of my mind.
Focusing on the result (making money), makes winning more fun but less frequent.
Move on, understand what happened in the past but do not have an emotional attachment to it.
Fighting yourself is like robbing your own bank.
A trading plan is just words until you act on it
If every trader is the long there is no money in being long unless you were first.
Just because the market is open does not mean you have to trade. Cash is a position too.
Your worth as a trader is today’s trading statement, it is re-calculated daily.
Having trading discipline is the beginning; keeping discipline is the progress; staying discipline is the success.
Be honest with yourself, if or when you fail the change of direction will not kill you.
Put yourself in the best position or you will not have a position come tomorrow.
Bend your view to the charts, not the charts to your view.
If the base of your trading was built on weak grounds, it is not a matter of if you fail but when you fail.
Any trader can take risk, a great trader can do it with purpose and use it to their advantage.
Move past your losing trades don’t erase them, just forget how you felt.
If you make money by making a mistake, it is loan with a very high defualt rate.
Find yourself and trade that way.
Not accepting a failure is to not learn from it.
If you lose you are not necessarily a loser, if you call yourself a loser no one will be able to change your mind.
Don’t risk more than you cannot look at positively later.
Eventually you will run out of money if you run from your losses.
You may not understand it fully right now but the market is always right.
If you are thinking about getting out, your competition is already flat.
The view of trading changes after a loss it is your job to get it back to where it was.
If you do not respect the market it will not respect you.
If you understand and accept risk, you will never risk too much again.
"Chaos isnt a pit. Chaos is a ladder"
Littlefinger