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as a trader, you need to become more comfortable saying 'I don't know'
not only is that normal,
but it shows you have a defined system
one that you follow and ignore everything else
because most of trading is waiting for that moment where clarity is offered
the only problem comes when you don't know,
but proceed to act as if you do
that is where you force trades
that is where you make mistakes
that is where you take unnecessary losses
the solution is simple
be able to admit when you don't know,
and wait solely for the moment you do
that is what alignment of your system looks like
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What if I told you @Topstep will have the lowest All-in best pricing basically in the industry within 24 hours (ish) from now???? 🤯
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putting on a trade is not difficult
anyone can open the charts, place a trade without intent, and close it prematurely
it takes no skill
waiting patiently for a setup
following a defined plan
managing the trade properly
doing it all again consistently
that is difficult
repeatedly applying a system,
without your emotions getting in the way
not just for one day
not just when you feel like it
not just when the charts are clear
every single time you enter the market, without excuse
that is what makes you a trader
you make these decisions because they are necessary, not because they are easy
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@Crtquinn “You either open your eyes to the candles or your ass to the market”
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@Benjamin_SMC Tell them I will be gentle... bordering on Loverlike treatment.
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We’re about to take everything we learned at TFD and light this thing up at scale.
@Topstep went all in on risk tools early and most firms wouldn’t. That meant more traders passing and they keep adding risk tools anyways. No other props are doing that. Our only competition will be with the ones who want to help traders get better.
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if you ever feel lost in trading,
always focus back to one thing
your system
that should remain a priority
because behind the repeated mistakes and emotional decisions is a lack of confidence in your own approach
and it makes sense
when you don't know the money is solely in your system, you feel attachment to the market at all times
when you don't trust that there is another opportunity coming, you force trades out of emotion
when you don't believe your targets will be hit, you mismanage and prematurely close out winning trades
when you don't understand that rules are a necessity, you spiral from any amount of losing trades
you need to create a reason to be disciplined,
because that purpose is what makes you act
it comes through refinement of your system
and the goal is not perfection or guarantees, that does not exist
it is having so much clarity and trust in the decisions you make that not following the rules of your system becomes unthinkable
so if you do not have that yet,
let it be your next step
it will be your foundation to consistency
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Turn your volume up for this one.
This is real audio from the S&P 500 futures pit at the CME during the Flash Crash of 2010. On May 6, 2010, markets were already having a rough day, down over 300 points on worries about the Greece debt crisis. Later, the bottom fell out. The Dow dropped another 600 points in about 5 minutes. Nearly 1,000 points gone on the day. About 9%, kaboom.
Then 20 minutes later, most of it came right back.
This clip never gets old.
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One share of a $10,000 stock can be "cheaper" than share of 10,000 shares of $1.00 stock
Mark Ratliff@markcanes68
@cvpayne @yardeni @sonalibasak @davidnelsoncfa @JackAblin @AnnBerry_NYC @verrone_chris Charles, can you do a show for investors with 10k looking for $20 or less stocks? The majority of all shows are geared towards expensive stocks. 10k isnt going to buy enough of the expensive stocks to make a huge difference. Thanks
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A 30% intraday swing in oil is a freight operator's nightmare. You can't hedge bunker fuel costs when crude moves like a penny stock.
Trucking fleets are already burning through $2.15-$2.85 per mile on long hauls, and that was before diesel started tracking $120 crude. Ocean carriers will slap emergency BAF surcharges on every contract within 48 hours. Shippers who thought they had rate certainty just got a $500-$1,000 per TEU surprise.
This kind of volatility breaks supply chains. Carriers stop quoting spot rates. Shippers pause shipments. Inventory sits. The cost isn't just the fuel. It's the uncertainty.
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