This has always been the most challenging part of my trading journey.
I grew up in a really poor family in a small town in a shitty country. (says every guru, I know). Father's salary was $76 per month. There were six of us in the family, and money meant a lot to us. (The kind of poverty that doesn't end, doesn't matter what you do).
And it made sense because money was the barrier between our suffering and a decent life.
We couldn't sit and meditate to feel better like this Instagram gurus. What the fuck is even that? When you're damn worried about money, nothing helps, man, nothing.
Losing trades, I was constantly feeling like a loser.
How can you overcome it?
You almost can't. That's the reality. It's because they have made everything in this world about money. Happiness is money; family is money; your kids are money; your job is money; you wake up for money; you sleep to be rested when you go out for money; and your life is basically going around cash.
How do you expect yourself to control your emotions after losing, especially after a losing streak?
You first need to understand the importance of why you feel so emotional. Guys on Twitter will tell you to just move on and man up... "don't be an emotional bitch". But it doesn't work like that. You just can't help it. These guys are mostly sitting in their parent's house, and they think they are financially unstable, but compared to us, they're not.
Iknow... you will enter again and again after a loss—just to feel better, just to get one TP and feel like you actually know what you're doing. (Does this sound familiar?)
In my opinion, the only way is to forward test a lot with demo money and then real money.
If you lose a lot, you will get used to it.
But losing a lot won't help you alone. Unless you don't have these points respected, you will feel like shit in the end:
1. ALWAYS lose small. (0.25% to MAX 1%)
2. Never re-enter after stoploss. Let it hit your TP without you.
3. Don't do BE quickly. (if you're out quickly, you'll get emotional)
4. Always leave 10% of the position to run. (making the wins bigger = less damage on losses)
5. Don't scalp.
6. Don't TP soon, and don't re-enter a lot. Do one trade and let it go.
7. Have a DECENT model that works. Don't ape in like a degenerate. Cuz you gonna regret it and feel bad.
Basically, if you win a 10RR trade and then lose a 0.5% trade, will you feel emotional? No.
Try to improve the edge, the entry, the SL placement, the TPs, and the emotions at the same time.
There is no ONE way to fix this; you have to work on it as a whole because no part of this game will work independently if another part is missing.
I know most won't read this, but this is my reply to you only. If you alone read it, that's enough for me.
Hope this helps,🫶
P.S.: Photo is not mine. Added it just for aesthetic reasons :D
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- 4h candle range.
- Daily candle range.
- Weekly candle range.
All of your trades should be one of these three.
You’re not allowed to trade anything else.
The prices are being inflated by the printing of counterfeit dollars. As long as stable-coins are issued by the billions out of thin-air, prices will inflate. People who were not involved with crypto 10+ years ago should stop assuming they understand BTC valuations.
Counterfeit currency supply increases, prices follow.
Tether stable-coin supply this month⬇️
Bitcoin ends today just over $99,000.
Given the short-term technicals, it would not surprise me if Bitcoin prices were to break above $100,000 by the time the US stock market reopens on Monday.
#markets#bitcoin#crypto
@patrickwieland@T20Dream Hahahah Using ICT to promote yourself haha. Nice strategy tbh but also really silly hahah. But ok... I don't care for ICT or you but to promote yourself like this...that is very low standard
@CodyBurns24 I highly recommend you to join my Telegram channel and learn more on my trade analysis and strategies, also gain access to my mentorship session on trades. Click the link below 👇👇
is.gd/WielandTradess
@traderdaye You will be than like all other yt/twitt ICT acc's. First make it 4free than make mentorship and make money from it. That's why ICT is only one. Forever. I hope one day new guy will share quality knowledge for free because he/she is making enough money from trading. Real traders.
Word for word.
In 2024, the only people who will see a chart from me before hand will be my private group.
The only people who will hear my voice will be my private group.
The only people who will get a reply from me will be my private group.
The public audience is too ungrateful.
@asegpi@I_Am_The_ICT All prop acc are simulated lol? Even when you get funded... What is important is money. Does after you make profit prop firm pay you.
@patrickwieland@I_Am_The_ICT What to watch? When I saw your chart I didn't find any candle... Only emas, wap etc. 🤣 When I watch ICT chart it's like comparing daycare (you) and universe (Michael).