Sunday trade
Tool a loss because I wqs following the internal ie ltf structure alone
Always follow the h2 and above structure
Tool a loss because I wqs following the internal ie ltf structure alone
Always follow the h2 and above structure
Forwarded from REX Trading Signal
Many people are very good at analysis but still lose money.
The reason is not a lack of knowledge.
Everyone knows they should set a stop-loss.
Everyone knows they should not hold onto losing trades.
Everyone knows they should not take revenge on the market.
But when real money is being lost, emotions begin to control every decision.
That is when discipline disappears.
A very common paradox is:
When they lose, traders increase their position size to recover the loss.
When they win, they become afraid of losing their profits and close the trade too early.
That is how emotions can take control and destroy an entire trading system and way of thinking.
Position size should be decided before entering a trade, based on the plan — not based on your emotional state.
In trading, knowledge only helps you enter a trade.
Discipline is what helps you protect your account.
But when the mind gives rise to emotions such as:
Fear — Hope — Greed — The desire for revenge against the market
then observing the mind is what helps address the problem at its root.
A person may spend a few days or a few months understanding an analytical tool.
But it can take many years to truly understand themselves.
Trading is a mirror that reflects every weakness within a person:
Greed.
Fear.
Hope.
Frustration.
Overconfidence.
Whoever can control these emotions will gradually learn to take control of their own trading results.
IN THE END:
Trading, or investing, is ultimately about making money.
And money is a MEANS to take better care of your family and yourself, with the goal of moving toward peace of mind.
But on the other hand, if trading or investing does not bring you peace of mind — if it makes you feel:
Exhausted.
Uneasy.
Afraid.
Anxious.
Drained of your health.
Lonely.
And these states continue to appear even when you are winning.
Then stop, step back, and choose another path.
The reason is not a lack of knowledge.
Everyone knows they should set a stop-loss.
Everyone knows they should not hold onto losing trades.
Everyone knows they should not take revenge on the market.
But when real money is being lost, emotions begin to control every decision.
That is when discipline disappears.
A very common paradox is:
When they lose, traders increase their position size to recover the loss.
When they win, they become afraid of losing their profits and close the trade too early.
That is how emotions can take control and destroy an entire trading system and way of thinking.
Position size should be decided before entering a trade, based on the plan — not based on your emotional state.
In trading, knowledge only helps you enter a trade.
Discipline is what helps you protect your account.
But when the mind gives rise to emotions such as:
Fear — Hope — Greed — The desire for revenge against the market
then observing the mind is what helps address the problem at its root.
A person may spend a few days or a few months understanding an analytical tool.
But it can take many years to truly understand themselves.
Trading is a mirror that reflects every weakness within a person:
Greed.
Fear.
Hope.
Frustration.
Overconfidence.
Whoever can control these emotions will gradually learn to take control of their own trading results.
IN THE END:
Trading, or investing, is ultimately about making money.
And money is a MEANS to take better care of your family and yourself, with the goal of moving toward peace of mind.
But on the other hand, if trading or investing does not bring you peace of mind — if it makes you feel:
Exhausted.
Uneasy.
Afraid.
Anxious.
Drained of your health.
Lonely.
And these states continue to appear even when you are winning.
Then stop, step back, and choose another path.
Forwarded from Business | Crypto Trading
Methods to achieve your goals
Choose a realistic goal
Try to set only realistic and achievable goals. Achievable not “ever and if”, but in a short, clearly visible time. Your goals may not be so majestic and sublime, but you will know for sure that you can achieve them.
Notice the main thing
If you clearly understand your goal and the methods for achieving it, then do not let insignificant details slow down your movement towards it. Try to cut off everything unnecessary and unimportant, that which distracts you or leads you astray.
Make the right choice
Life offers us a million different opportunities every day. And it depends only on us which of these opportunities we will accept and which we will pass by. We make our choices many times every day, and it is important that each of our choices brings us at least a millimeter closer to our goal. Well.
Choose a realistic goal
Try to set only realistic and achievable goals. Achievable not “ever and if”, but in a short, clearly visible time. Your goals may not be so majestic and sublime, but you will know for sure that you can achieve them.
Notice the main thing
If you clearly understand your goal and the methods for achieving it, then do not let insignificant details slow down your movement towards it. Try to cut off everything unnecessary and unimportant, that which distracts you or leads you astray.
Make the right choice
Life offers us a million different opportunities every day. And it depends only on us which of these opportunities we will accept and which we will pass by. We make our choices many times every day, and it is important that each of our choices brings us at least a millimeter closer to our goal. Well.
Forwarded from Business Todays
Do you know what delegation is?
1. This is humility. Humility is something the other person can do better than you, or worse. But since you still cannot do everything alone, accept it.
2. It's a responsibility. At any moment, it may turn out that the situation was brought up by another person in the ass, and you will have to resolve it. Nobody removed this responsibility from you.
3. It's courage. In order to return their responsibility to other people, you need to take the risk of ruining relationships, losing an employee, because 99.9% are used to looking for excuses, not ways to solve problems.
4. It's honesty. You can only demand from others what you demand from yourself. And you are an example of what. It's honest and not easy.
5. It's a joy. When the other person nevertheless completed the task better than you yourself could, or did something valuable that you yourself cannot do at all, you understand that you made the right choice. And now you really are not alone.
1. This is humility. Humility is something the other person can do better than you, or worse. But since you still cannot do everything alone, accept it.
2. It's a responsibility. At any moment, it may turn out that the situation was brought up by another person in the ass, and you will have to resolve it. Nobody removed this responsibility from you.
3. It's courage. In order to return their responsibility to other people, you need to take the risk of ruining relationships, losing an employee, because 99.9% are used to looking for excuses, not ways to solve problems.
4. It's honesty. You can only demand from others what you demand from yourself. And you are an example of what. It's honest and not easy.
5. It's a joy. When the other person nevertheless completed the task better than you yourself could, or did something valuable that you yourself cannot do at all, you understand that you made the right choice. And now you really are not alone.