There is an over-estimated word that people say. I’m talking about MOTIVATION. “I need motivation to keep to a healthy diet.” “I need motivation to go to gym six days a week.” “I need motivation to see my friends.” If I needed motivation to trade, I would have stopped trading over a decade ago. From today, I want you to remove the word motivation from your life...
Coming into trading with only the desire to make money, often results in not making any. I didn't make a dime for 4 years till my lucky day came. Before it, like most traders, I gambled my way into the game with little to no knowledge. I started off with free information. (Youtube and Babypips were my buddies.) After gathering data from them for 2 weeks, I felt...
It was November 2021 when I kept on joking with my loved ones about being broke for December. They thought that I had lots of money because I recently quit my job in Mc Donalds. They were right, but I didn’t have the amount of money they thought I had. I had around R8,530 that I saved up for 1 year and 3 months working in McD and had left in my trading account, in...
A philosophy I engage in when trading the markets - I am not self-employed as a trader. - The market is my boss and my trades are my employees. - I merely manage those employees. Traders often have to think fast and make quick decisions, darting in and out of positions on short notice. To accomplish this, you need a certain presence of mind. You need the...
This is a look into the way I see markets and how I see my trading using the Wyckoff Method and comparing it to standard business models. More of a mindset video but I feel is very useful when trading and seeing your trading as a business. Let me know what you think, Cheers for watching
FOMO, What is FOMO? Fear of missing out (FOMO) is the feeling of apprehension that one is either not in the know or missing out on information, events, experiences, or life decisions that could make one's life better. FOMO is also associated with a fear of regret, which may lead to concerns that one might miss an opportunity for social interaction, a novel...
This video is about the importance of thinking in RR and %. The main point is when you think you haven't earned enough is $ amount - and so you want to trade more and more, which leads to poor trade quality - remind yourself that trading is highly scalable, and so it's ok to imagine you have a 20x more capital at the moment. So x20 your profit in the trade and ask...
🟩 Checklist is the necessary and essential part of your trading plan 🟩 If you already have a trading plan - that’s really great. Now it’s time to take one step further and create a checklist. You will refer to it before each and every trade, and you’ll enter only if 100% of the checklist is present. You can have different kinds of trading plan, it can have 5 or...
To be successful, you must develop consistency in your trading. You can achieve this by creating a system to trade. One that provides an edge to fit your lifestyle and personality. Discipline is required to stick to your system so that you can measure results (wins and losses) over a large number of trades. A simple journal helps you to measure your trades....
..Each time I experienced a conflicting thought and was able to successfully refocus on my objective, with enough conviction to get me into my running shoes and out the door, I added energy to the belief that "I am a runner." And, just as important, I inadvertently drew energy away from all of the beliefs that would argue otherwise. ..Beliefs can be changed,...
In what way does a trader have to learn how to be rigid and flexible at the same time? The answer is: We have to be rigid in our rules and flexible in our expectations 🟢We need to be rigid in our rules so that we gain a sense of self-trust that can, and will always, protect us in an environment that has few, if any, boundaries. We need to be flexible in our...
In trading especially in retail trading we have a massive focus on entries and very little focus on the context behind the trade, we focus alot on things such as indicators, or the perfect candle set up, but we have very little look into the context, so the fundamentals or catalysts behind the move in the first place, we tend to overlook this and focus purely on...
Hey Traders! In todays morning video we go over how you can become more lucky in trading by following 3 basic tips! We hope you enjoy the video, later today we will release a longer video explaining how we use the VWAP and Anchored VWAP indicators here on trading view to spot excellent support/resistance levels and trade with momentum or ranges! Happy trading...
After 5 years of self-educating myself in the art of trading while undergoing brutal consistent losses, these are the truths that set me on the path of surprising consistency after internalizing them.....I hope it will for you guys and give more inspiration to the already consistent ones. Shocking Truths no one talks about in trading: 1. You may have the best...
Todays daily primer is more focused on mental trading skills than anyhting else! We are keeping it nice, short and sweet! Hope you learn something of value!
Hello traders: Today let's talk about “consistency” in trading. Many traders understand they need to be consistent, but what exactly is consistent in trading ? To me, it's not just making consistent “profit”, rather it's being consistent with your trading strategy, risk management, trading psychology, mindset and emotion. Let's take a look at a few examples...
Hey hey traders! We're coming to you with a nice and short video on why trading less is actually better for you, atleast based on our experience! Being a full time day trader I found it hard to actually be at my best and trade all day long... at the end of the day trading is a means to an end, its only purpose is for you to exchange your knowledge, effort and...
Let's end the week on a thoughtful note. On the chart is a visual I see the other day that I feel relates to trading massively. It's called the comfort zone map. This can be applied to many situations in a person's life as a generic visual map. But I really do think it represents the journey every trader must take in order to become successful. COMFORT...