rebuilding phase
The Right Place
Joined May 2009
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Mark retweeted
I’m a big advocate for putting all your energy into the largest stream of income you currently have.
Way too many retail traders are making a below average salary and putting their small amount of disposable income into a trading account hoping to flip it into vast wealth.
All the while dumping all of their time into something that isn’t paying them.
You’d be better off buying lotto tickets.
Go start a business, climb your industry, pick up a side hustle.
Trade on the side, and don’t put SO much energy into it.
When the income from trading surpasses your main income, then and only then can you think of quitting.
Mark retweeted
The Four Agreements
- Always do your best
- Don't take anything personally
- Don't make assumptions
- Be impeccable with your word
Mark retweeted
Prop firm trading pro tip:
Stop saying to yourself “I made $2k today copy trading”
No you didn’t. Your business generated revenue but YOU didn’t make anything. That money doesn’t exist yet. Half of that or more can be gone tomorrow
There’s only two times the money is real in prop firm trading
1. The money spent purchasing the account
2. When/if you withdraw money from a payout
It’s best to ignore everything in between and just focus on executing
Mark retweeted
the 2 trades a day rule is what saves my accounts
trade 1 and 2 are setups. trade 3 is my ego trying to get even lol
every account i've blown died on trade 3+, never trade 1
if you can't stop at 2, that's not a strategy problem, it's a discipline problem…