Progress in trading is not a straight line... Most traders hit a long flat stretch where nothing seems to improve. That plateau is where most quit. It is also where the skill quietly settles in.

You have $10,000 and can follow only one trading rule for the rest of your life. What is the rule? Mine: never risk more than 1% on a single trade.

GM ☕ Central banks do not control the economy. They control the price of borrowing and hope the rest follows.

GN 🌙 The safest trade of your career is the one you sized so small you slept through it.

How deep a pullback goes tells you how strong the trend is... A shallow dip to the 38.2% level means buyers could not wait. A dip past 78.6% means they were in no hurry at all.

A winning streak can be more dangerous than a losing streak... After a loss, traders get careful. After five wins, they get bigger, faster and less picky. The account usually gives it back in one trade.

Moving averages work best in trends and worst in ranges... In a trend, price respects them. In a range, price cuts through them both ways and every cross is a fake signal. First decide which market you are in.

A time stop is underrated... If a trade has not done what you expected within a set number of days, get out, even without a loss. Money stuck in a trade going nowhere is money missing the next one.

GM ☕ You can survive being wrong. You cannot survive being wrong and big.

GN ✨ Corrections feel personal. They are just the market taking back what it lent to optimism.

Fibonacci levels are not magic numbers... They work best where they line up with an old high, an old low, or a round number. One reason to watch a level is a guess. Three reasons is a plan.

The trader in Reminiscences of a Stock Operator, based on Jesse Livermore, said his thinking never made him the big money... His sitting did. Over 100 years later, the hardest part of a winning trade is still doing nothing while it works.

A strategy has to fit your life, not your heroes... A day trader's method will break a person with a full-time job and two kids. The best strategy is the one you can actually follow on a normal Tuesday.

Buy the breakout, or wait for the retest? The breakout gets you into every big move, plus every fake one. The retest gets you a better price, but some moves never come back. Which one do you trade?

GM ☕ Bull markets make everyone feel skilled. The bill for that feeling arrives later.

GN 🌙 The trend is your friend until it stops making higher lows. Friendship has conditions.

The 200-day moving average works partly because everyone watches it... Funds, news headlines and new traders all point at the same line. A level becomes important when enough money agrees it is important.