Sanjeev S

There is no avoiding taking a loss. You just get to decide which pain you want.. Small losses or big losses.

Successful traders have spent years creating a mindset that understands two things.. "A winning trade is not a winner if you broke your rules" "A losing trade is not a loser if you follow your rules"

Ironically, trading will pay the most to those who don't need it. Trading from a carefree state of mind is part of your psychological edge.

Unprofitable traders seek certainty. Profitable traders accept probability. The difference can be that simple.

I've learned many things from 10+ years in the markets.. One of the biggest lessons? The market will not stop presenting opportunities. FOMO makes no sense. There is always another trade.

Sometimes, ICT concepts make money. Sometimes they lose. Sometimes, supply and demand concepts make money. Sometimes they lose. Sometimes, support and resistance concepts make money. Sometimes they lose. It's not the strategy that makes you profitable. It's your ability to manage risk over a large enough sample size to let the edge play out.

Stop aiming for perfection. It doesn't exist in trading. Just aim to suck less than yesterday. If you do that every day, your performance will transform.

Professional traders don't care about one trade. They care about how their edge performs over hundreds of trades.

If you truly accepted that your next trade could be a loss.. AND You risked an amount of money that you were truly comfortable losing.. How could the outcome of the next trade ever disappoint you?

Sometimes, when you're frustrated after a loss, the issue wasn't in your analysis. The issue occurred long before you clicked buy or sell because you didn't accept that you could be wrong.

Regardless of experience, pilots run through a pre-flight checklist before every flight. They understand that one mistake can be costly. Traders can benefit from this idea by adopting a pre-trade checklist before any execution. One mistake in our industry can also be costly.

Every aspiring trader needs to learn two opposing skills: - Taking action - Doing nothing There is a time and place for both of these. Ample data around your strategy and experience will show you the right times for each.