Trading Composure

If you’re like most traders, you’re great with charts. But you’re likely not as great when it comes to consistency and composure. My new book tackles this with premium trading psychology insights and advice. amzn.to/3xN6NHo If you like my posts, you'll LOVE this book!

As a trader, you must prioritize two fundamental goals: 1. Protect your initial capital 2. Protect what you make There is no room for compromise when it comes to these objectives.

Many traders will pass the chart analysis test with flying colors, but fail the emotional management test thereafter.

As a trader, you'll be wrong a lot. Get used to it, and practice humility and open-mindedness in your life.

Set your limit orders and go have a life. Things will turn out better if you let the market do its thing and don't intervene.

Inexperienced traders will usually look for: - Predictions - Bold market calls - Guarantees - Fast turnarounds Experienced traders focus on: - Good risk vs reward - Decent odds - Correct position sizing - Correct stop-loss placement - Discipline - Consistency - Long term

Trade with an intention to succeed, not with a fear of failure. But understand that the process of trading includes losses. Embrace it.

Discipline is not something that you just magically acquire; it's something you practice.

Being a trader is having a career in risk management. In the market, nonrandom success is determined by survival. Survival is directly related to how disciplined you are in controlling the downside.

Without discipline, you'll remain a slave to your impulses. Every time you exert discipline, you are improving your capacity to become free.

If you want to be successful, you must respect one rule: Be uncompromising with risk management. Mind your position size and cut your losses at strategic areas. You can't play if you run out of chips.

After you’ve found your edge in the market, mindset work is the most critical factor in your trading success. You can have the perfect strategy, the best indicators, and a rock-solid plan… But if you can’t manage your impulses, regulate your emotions, or stay disciplined under…

Don't ever let winning trades go to your head, or losing trades to your heart. The moment you attach your self-worth to outcomes, you become emotionally hijacked. Stay grounded. Wins and losses are just feedback - nothing more, nothing less. Detach. Observe. Adjust.

See trading a small account as a rite of passage. If you can grow a small account [even modestly] you sure as hell can grow a big account. If you can't grow a small account, then you shouldn't even try to grow a big account.

Don't let winning trades inflate your ego. Don't let losing trades crush your spirit. Keep a level head at all times.

Losses are a sign that trading is taking place. The goal is not to avoid losses. The goal is to go through losses with process and stability of mind.

When you work on improving your trading psychology, the market starts working for you. True story.

Managing risk is far more important than nailing the direction. The market will still do its own thing. But when your risk is controlled, you'll stay in the game. You'll live to trade another day. This game is not about being right - it's about staying alive long enough for…

"Trading is not a real job." Damn right it's not! It's not supposed to be one. Trading is a business! You’re not clocking in for a paycheck - you’re managing risk, capital, strategy, and yourself. No boss, no short-term guarantees, no safety net... But with the right…

If you haven't noticed, trading is mostly a waiting game. You’ve got to learn to relax and allow things to unfold of their own accord.

Don't focus on making back your losses. Focus on trading well. Always.