Alexander The Trader

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Alexander The Trader

Alexander The Trader

@TenacityTraders

8 years trading FX & crypto. 4 years mentoring traders. I use this account to journal my thoughts & reflections.

Jakarta Capital Region, Indone Katılım Nisan 2019
341 Takip Edilen2.1K Takipçiler
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Alexander The Trader
Alexander The Trader@TenacityTraders·
@MoneyTradeEdge Forcing trades is a sign of lacking clarity in your edge. Any trader who can consistently execute their plan can do so because they know, inside & out, how their edge works. They know exactly what they're looking for. Anything less and they can comfortably let it go.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
As a trader, our job is to ride variance. This is not what the human mind was built to do. We crave certainty and go to great lengths to obtain it, even when no certainty actually exists. We need to be strong in the face of the beast. Taking losses even after executing high quality trades is not an easy thing to go through. Going through drawdown will always be a part of our life. But this is the price we pay to break through, and eventually the profits will be so real you'll understand why you had to pay such a high price.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
Trading requires a combination of discipline in following your rules and critical thinking to understand how the market is changing over time. The market is not a static thing, it changes. This is why sometimes we need to think holistically to evolve with the market, and that requires courage. If trading was as easy as following your plan all the time, many more people would succeed. But the truth is that your plan will lose its edge over time as markets change. It is in the adapting that most traders fail. This job is so much harder than it seems, but the good news is that it is possible, and that should be enough for anyone crazy enough to try their hand at this field.
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Andrew E8
Andrew E8@E8Andrew·
No consistency rule on the sim-funded stage. That’s our next mission at @E8Markets . We’re currently preparing a version of our Signature accounts that will remove the no consistency rule on sim-funded accounts. That’s why we want to ask our community what you prefer. Option A = Higher payout caps, but a higher price Option B = Lower payout caps, but also more budget-friendly accounts Vote and comment. Will choose one comment to win free $50,000 Signature account.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
Your mind is your prison when you focus on your fears. It can also be the very thing that changes your life if you focus on whatever is good. Start living from a place of hope instead of fear.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
Your ability to recognize when you don't have an edge is just as important as your ability to pick out winning trades. When you don't understand what you're seeing on the charts, that is the time to step away. Unfortunately, most traders do the opposite because they feel like they have to make money. Truth is, it is not your decision when you get to make money. The market dictates that for all of us, we just have to be good at listening. Protect your capital when your edge is not present. Push the limit when your edge is present. That is the name of the game.
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JadeCap
JadeCap@jadecap_·
Once you realize time is all we have.. Things start to become very clear. I hope it doesn’t take you long to realize this… Unfortunately for me, I learned it very early in life. I lost both my parents to terminal cancer. If I had taken my trading more seriously, maybe I could have afforded better care for my father. Just one more month.. one more day… one more hour… would be worth any price tag. Your journey as a trader has a BIGGER purpose. Every time you click that button.. you have the ability to buy time. More flexibility to spend that time with loved ones. More money to afford proper insurance, better options for a healthier lifestyle, etc. You have a duty to them. If you are on this journey.. treat it with the seriousness it deserves. I guarantee if you do.. you’ll turn into an unrecognizable savage when it comes to pursuing your goals.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
Everybody tells you that loving your job is the key to success, but how do you actually learn to love what you do? I like to hold trading as sacred. Whenever I successfully take a good trade, I see it as a thing of beauty. Years of hard work led to this trade being born.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
It is so easy to tunnel-vision into bad circumstances, like when you go into a losing streak. Everything feels so shit, life itself becomes painful. But really, you are not in any immediate danger. You have the opportunity to rectify your mistakes and to learn from them. You get the chance to fight another day. Then you remember that you're still alive, still healthy, still breathing. Things are never as bad as it seems. Your ability to regain this perspective after going through difficult times will determine the quality of your entire life.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
Every phase of life has its own challenges and therefore its own fun. To a large extent, your ability to enjoy life is a skill issue. How good are you at extracting the fun out of whatever it is you're doing?
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Alexander The Trader
Alexander The Trader@TenacityTraders·
Not every month will be a banger. Even +1% months are a good thing if it means you are consistently profitable. Only by getting good at consistency will you be able to find those banger months where you make 10%, but dont ever disrespect the small wins that make you successful.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
When you're trading, focus all your attention on what price action is trying to tell you. Never let your mind be cluttered by any other thought, such as your P&L for the day. Nothing else matters but the next trade. Give it all you've got.
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Alexander The Trader retweetledi
Alexander The Trader
Alexander The Trader@TenacityTraders·
When you trade at your best, you will know when the market is ready for an opportunity and when its not. You know where to trade, and until price comes into that environment, you won't even be looking at the charts. But when price is there, you pay close attention and execute.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
@SimonKoffi9 Currently experimenting with a whole month worth of content in one episode, focusing on quality over quantity! Will be uploaded in a couple weeks
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Alexander The Trader
Alexander The Trader@TenacityTraders·
The CEO of the largest bank in the world a century ago, Charles Mitchell, had this to say about his success: "No amount of brilliance or personal charm will carry a man to the top and keep him there unless he can come up smiling day after day." I've found this to be true in my own life. Being happy is a skill that you can learn, and it is the most valuable skill because it makes literally everything in your life better. You work harder when you're happy, you are resilient in the face of adversity, you can appreciate the little things that make life worth living, yet so many of us take for granted. Being happy is the secret to success, not the byproduct.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
High Value Activities: 1. Deep Forecast Be completely focused & present when preparing your trade plan for the day. Never do this without your full effort, half-assed plans will only yield losses. 2. Edge Review Look over past trades and identify your strengths & weaknesses. Find the one thing you can fix that will improve your performance. Progress is made in small increments done consistently, not huge breakthroughs once in a while. 3. Supplementary Habits Get your fitness up, it has a direct impact on your decision-making. A fit body produces a fit mind. Be mindful of what you're eating too, minimize junk food to eliminate brain fog. Journal your thoughts whenever they get loud, mental clutter will kill your clarity.
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Alexander The Trader
Alexander The Trader@TenacityTraders·
Double down on your daily process. Identify the highest value activities that make you a better trader, then make sure you do these things every single day. Trust is built on evidence, so give yourself irrefutable proof that you are doing your best to become a profitable trader
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