Even if you learn the world's best strategies, you might not be profitable!!!
Read carefully. 🧵
There are three types of traders in this market:
Type 1: Gambler
• Enters the market based on "feelings"
• Increases trading volume after losses
• Blames brokers, news, and "manipulation"
• Usually goes bankrupt by the end of the month
Type 2: Indicator Hoarder
• Uses 5 moving averages on one chart
• 3 oscillators and a Fibonacci spiral
• Sometimes profitable, but inconsistent
Type 3: Quietly Profitable Trader
• Focuses on at most 1-2 confluence points
• Understands market structure
• Knows exactly how much capital they need each day and their stop-loss point
Here's what nobody tells you:
Becoming Type 3 has nothing to do with strategy.
You can give 10 traders the exact same trading setup.
• 3 people overtrade.
• 2 people move their stop-loss orders.
• 4 people exit prematurely.
• 1 person strictly adheres to their plan.
Ultimately, this one trader will win.
Because they mastered the essence of psychological warfare.
Now, before each trade, I ask myself the following questions:
➢ Am I trading because a trading opportunity has arisen, or because I'm bored?
➢ Is this my strength, or is it my vanity at play?
The market is designed to exploit your emotions to make you lose money.
You can have the best strategies in the world.
But if you can't control your emotions, you will lose.
Every single time.