Riz Iqbal

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Riz Iqbal

Riz Iqbal

@Wordsofrizdom

Host of The Words of Rizdom Podcast & @chartfanatics The #1 Trading Podcast In The World 👇

เข้าร่วม Ekim 2021
865 กำลังติดตาม92.5K ผู้ติดตาม
ทวีตที่ปักหมุด
Riz Iqbal
Riz Iqbal@Wordsofrizdom·
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
The trade was never the problem. Breaking your own rule was. Take one loss, then another, and suddenly the setup that didn't look good enough ten minutes ago looks perfect. You size up. You ignore the plan. And the damage from that one trade ends up bigger than every loss before it. Discipline is easy after a winning streak. The real test starts after three losses in a row when the biggest threat isn't the market. It's you.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@PropFirmTrader The traders who keep funded accounts are usually the ones who stay consistent after losses.
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PropFirmTrader
PropFirmTrader@PropFirmTrader·
Why traders blow funded accounts after small losses: • Two red trades and the plan disappears • The next setup "looks" perfect under pressure • Size goes up to recover, not to win Most traders don't fail because of strategy. They fail because they stop following it the moment it gets uncomfortable.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@chartfanatics The moment recovery becomes the goal, discipline usually leaves the room.
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chartfanatics
chartfanatics@chartfanatics·
Signs you're about to break your own rules: • You just took two losses in a row • The next setup suddenly looks "perfect" • You're increasing size to recover • You're ignoring your plan completely The damage from one emotional trade is bigger than every loss before it.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@Amnezia77 Most trading mistakes start when a stop loss becomes a suggestion instead of a rule.
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Albert
Albert@Amnezia77·
@Wordsofrizdom Always. Another issue is that I don't Stick to well defined stop losses
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
A trader once showed me two numbers that didn't make any sense. 44 trades. $630 profit. Then another day. 9 trades. $3,000 profit. That's when I realized something most traders never question. Being busy and being profitable are two completely different things. I later heard JadeCap talk about this exact idea. While reviewing trades, a pattern kept appearing. The days with fewer trades often produced better results. And it wasn't because there were fewer opportunities. It was because the focus shifted from chasing P&L to taking quality trades. After all, wasn't the whole point of trading to make life easier? Not to spend every waking hour glued to charts. Not to become a slave to the market. JadeCap's philosophy was simple. Easy is possible. Sometimes that means fewer trades and more patience. Sometimes that means waiting all week for one great opportunity. Because in trading, doing more isn't always better. And maybe the hardest lesson to learn is that activity and progress aren't the same thing. Looking back at your own trading, when have fewer decisions produced better results?
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@__Wait_for_it_ The exact number matters less than having a limit and respecting it.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@Lilcrypto166971 Quality setups compound results. Quantity often compounds mistakes.
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hello
hello@Lilcrypto166971·
@Wordsofrizdom It's more about chasing quality and ensuring to make the best of the quantity of the quality.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@Gabbi_254 Less trading often creates more clarity and better execution.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@TradePirateX Many traders lose money not from bad setups but from too many decisions.
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TradePirate
TradePirate@TradePirateX·
@Wordsofrizdom As more trades accumulate the decision capacity dwindles and the cognitive load grows. The best days are when there is no target to be met. Whatever the first trade brings should be enough. If i feel I want to trade more, take one more. Forcing trades is terrible in any case.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@Conflurev Sometimes the best risk management tool is simply logging off.
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confluent reverter
confluent reverter@Conflurev·
@Wordsofrizdom I now only trade certain hours of the day. Max 2.5 hours. Rest of the time is mine. Turns out I have less time to lose the profits I make. Works well.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@AndrewTradesNQ The market pays for good decisions, not hours spent in front of the screen.
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Andrew
Andrew@AndrewTradesNQ·
@Wordsofrizdom The biggest oxymorone of trading is that more time spent trading equals to less results.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@Timstech01 Knowing it is easy. Applying it is the challenge
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@KobakTrades Quality always beats quantity in the long run.
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♛
@KobakTrades·
@Wordsofrizdom Quality instead of quantity.📈🐐
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@wicetrades Reducing activity often improves decision making.
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Wice
Wice@wicetrades·
@Wordsofrizdom lowering trade frequency alone would turn many people profitable
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Abdul Basit
Abdul Basit@ab_capitalist·
@Wordsofrizdom Less is better in trading, it’s a very hard lesson to learn for many.
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Riz Iqbal
Riz Iqbal@Wordsofrizdom·
@OwnYourClock Patience usually improves P&L more than activity does.
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Own Your Clock ⏱️
Own Your Clock ⏱️@OwnYourClock·
@Wordsofrizdom The 44-trade day likely included forcing setups that weren't there, or trading inside noise instead of waiting for structure. Quality over quantity shows up in the P&L every time.
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