Scope360

We’re launching our own Discord server. 👉 discord.gg/XM93AzMtTH This is where the main activity around the Scope360° project will take place. All detailed information about the project, updates, and timelines will be shared there. You’ll also have direct access to our team, where you can ask questions and get feedback. We’d also like to remind you that we’re open to mutually beneficial partnerships and collaborations.

A trading journal can be a great help with this, provided, of course, that you record such data in it. It’s worth noting that a previous negative experience, when you simply couldn’t control yourself, cost you 2%. And presumably, if you don’t want to end up looking like a fool, you’ll be able to draw conclusions and learn from your mistakes. Adapt, or remain unprofitable.

Genuinely, the patience to wait for great trades isn’t easy to come by. If you crave action, you’ll find a way to justify taking almost anything. I’d like to pretend I honed this discipline over years of work on myself… but that’s largely bs. I have patience because I don’t particularly enjoy this job and don’t wake up wanting to trade. Each day I look at the markets and ask two questions: “Is there anything so good I’d feel like a fucking idiot not taking it?” “If I take this at X with a stop at Y, will I be gobsmacked if I’m stopped out?” If yes to both, I take the trade. If not, I pass. It’s important to me that no one takes my fucking money easily.

Instead of just waiting for my algo I blew today's @Raentrading budget because "I had to catch the fall" of the AM rocket. Why? Does it remotely look like I need to invent signals? I don't understand.

@duel_duck duckish

The main problem is that many people do not realise what the consequences of pressing these buttons will be. You can only understand this by keeping a trading journal or making notes. ‘Last time I messed it all up and lost 2%. To achieve a better result than yesterday, I won’t repeat the same mistakes and will save 2%.

One of the most profit-saving things you can remind yourself in all of crypto is simple this: "No, I don't HAVE to press any buttons today"

@thapeloforex_ We’ve published a good piece on this topic: why a ‘normal’ trader is a bad trader

Many people mistakenly believe that trading is an easy profession. To some extent, it is easy, but only because, even without formal education, you can achieve heights within 10 years that would be unthinkable in a conventional job. That is why many misjudge their capabilities, thinking that learning to analyse charts is what will make them rich. Ignoring the years of work involved in training, learning new things, self-analysis, and working on oneself and one’s emotions.

Most people quit because they forget that you have to be bad at something before you can be good at it. It's so obvious. You suck. Of course you're not going to win in 2 weeks. But if you can learn to enjoy extended periods of failure, you will make it very, very far in life.

A trading journal can illustrate this well. Simply by recording my trades, I can see that previous impulsive, emotional decisions have cost me 1%. Over the course of a month, this could amount to 5% or even 10%. Asking myself the key question: do I want to hand over part of my capital to the market simply because I can’t wait in the heat of the moment?

Watching price move without you… and staying calm is a different level of discipline. You had your plan. You waited. It didn’t give you entry… then price just moved. Clean, fast, no pullback. That feeling will come. Like you missed something. But if you’re honest, it wasn’t your trade. Chasing it late rarely ends well. It just turns frustration into a loss. Sometimes the real work is sitting there, hands off, letting it go… and still trusting your process.

@fundingpips A trading journal – it will broaden your horizons. It will help you distinguish what works from what doesn’t. Find what works best for you.

You will never trade better than your worst emotional state allows. - Strategy ceiling. - Risk management ceiling. - Everything has one. 🫠The ceiling is always you. What have you done to raise yours? 👇

The most important thing is not to get rich just once, but to do so for good. That’s what sets trading apart: you might manage it in a year or two, but you could just as easily lose everything, including yourself just as quickly. We’ve published an article titled: Why You Shouldn’t Be a ‘Normal’ Trader. Insights into why ‘normal’ equals ‘bad’.

Trading isn’t for everyone. But if you figure it out, You unlock 50+ years of freedom.

Today, let’s touch on something that might seem rather ordinary. What does it mean to be a normal trader?

The industry is awash with free technical information. There are plenty of people around trying to teach trading, but who can teach the right mindset and way of thinking for trading? Most people think that staring at charts 24/7 is the path to profitable trading. They are mistaken, just like those 95% of losing traders (and most likely far more). That is the statistic.

What does being a ‘normal’ trader mean to you? Do you consider yourself a ‘normal’ trader? Answer that for yourself. And today we’ll be publishing an article explaining why ‘normality’, both in life and in trading - is a road to nowhere.

The market doesn’t beat people. People lose because of their own actions, despite having a brain, they simply cannot bring themselves to learn from their mistakes. If you realise that a previous losing streak of two trades turned into five losing trades simply because you didn’t take a break in time. Either you can see this in your trading journal, or you don’t have a trading journal and have nowhere to look at your mistakes. In that case, your chances of winning at a casino are higher than in this kind of trading.

The funny thing is, most of you are already profitable traders Your strategy works, and you can make profits Then you just decide to be an idiot after a few losses and crash out I’ve seen traders do 5% in a month, then take 2 losses in a day, crash out and lose -5% in that day alone Completely wiping out a good month’s profit because they couldn’t control their emotions Have a max daily loss for yourself (e.g. 2 losing trades) After that - WALK AWAY FROM THE CHARTS The reason you’re still unprofitable after so long in trading is because you don’t know how to do this

Keep a trading journal. No chart will give you objective information. A trading journal with personal notes on your behaviour, strategy, mistakes and analysis will. Yes, it’s boring. But what sort of athlete would keep track of their diet and weight changes?

Profitable traders.. What's the #1 piece of advice you have for beginner traders?

Keep a trading journal. Record your position, entry criteria and mistakes. Analyse this. Identify what works and what doesn’t.

Any advice on how to avoid losses in crypto?

How do you write an effective prompt for journal analysis? We’ve decided to make this task easier and have put together a list of prompt templates for various tasks.

The market doesn’t defeat people. They defeat themselves because, despite having a brain, they simply can’t bring themselves to learn from their actions. You have every opportunity to start winning, all you need to do is keep a trading journal. Don’t be a cunt.

Sunday. A day of rest. A day of relaxation. A day to spend with loved ones. Also the perfect day to sit quietly and reflect on the fact that if you’re still doing the same thing you’ve always done and it’s still not working for you, you’re a cunt. Cheers.

And to prove this (or the opposite), start keeping a trading journal, which will clearly show, based on the metrics, which strategy is the best.

Low RR beats high RR every day of the week Your win rate is higher So your losing streaks are lower - makes it easier psychologically and means you can stay in funded accounts for longer High RR (3-5R+) is a dream sold to you by trading gurus because it looks great in screenshot to post on X Test out your strategy with lower RR and bigger stops, the game will change for you

The key issue is the lack of a trading journal, which gives rise to a, b, c and d. And it seems impossible to resolve this whilst there is no trading journal.

Why do you think most Traders fail? A. No plan B. Overtrading C. Poor risk management D. Emotions