Trading is a gambling business. Consistently profitable traders with a system are not gamblers though, they are the casino!
Joined April 2019
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Markets have been generous this week to a lot of traders. Lock-in those profits, review your journal, recharge, recalibrate, share your blessings and spend time with your loved ones this weekend. Have an amazing Friday everyone!
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Many traders were blessed during the last 24 hours by the lovely market volatilty. Congrats to those who made a killing!
For those asking how they should approach the market for the coming days, please see below :)
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Only go for trusted and established prop firms.
Funded Next banned me for life.
All because I withdrew $56,000 from them. 🤷🏽♂️
I thought prop firms loved profitable traders? So what happened here?
They deactivated my $300K account, didn’t pay me $5,000 from my last payout, and started hitting me with all kinds of problems.
But hey… we move.
Lesson learned. Bigger things ahead. 🦅
@FundedNext come and explain yourself
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Listen and replace “point” by “trade” and you will learn how to remove your attachment to each of your trades.
m.youtube.com/watch?v=_ILk8Y…
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You bought because of logic then you messep up the trade due to your emotions. Being objective all the time is the key, the market doesnt care about what you feel.
Sometimes you can lose all objectivity in the market. You’re so convinced it has to move a certain way, you ignore everything in price that tells you different. This is when the most damage can be done. Be on guard against it!
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Self-awareness is the key.
Most of the time, a losing streak’s main cause is your poor reaction to a winning trade. Always dig deep on your trading journal to understand what’s the true cause of all your recent trading behaviors.
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Bumped into @bearyotrades last Friday in a HK resto back home. Like all the other great traders that i have met in person, such a nice & humble guy. It’s an honor to meet another amazing trader from Bulacan. More power to you sir!
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And you dont need to trade all of these. Just pick 1 or 2 and be the best at it.
Five basic trading strategies:
1. Buying pullbacks in an uptrend.
2. Shorting rallies in a downtrend.
3. Buying breakouts in bull markets.
4. Shorting range breakdowns in bear markets.
5. Buying support and shorting resistance in a rangebound market.
These are all valid ways to make money in any market if you manage your risk-to-reward ratio at entry.
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Moves like yesterday’s might be painful to most market participants but felt like a bonus stage to those who have playbooks on how to play such price action.
Have an edge for this type of market move!
Congrats to my trader friends who made a killing from yesterday’s bloodbath.
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“Take every gain without showing remorse about missed profits, because an eel may escape sooner than you think.”
Hesitating to take profits when it’s time signals a lack of confidence in your ability to replicate success.
Winning trades aren’t one-offs—they’re a result of your skill and strategy.
Trust your process.
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Consistency over jackpot mentality.
Resist falling into the trap of chasing hype like $trump and #MELANIA
Consistent base hits staying disciplined is what is going to make you rich
Not being like 99.9% of the crypto community who are simply degen gamblers chasing a high
Those are not traders
They will never see real wealth
And even the ones who do make money will give it back because they did not build real habits
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When emotions are high, intelligence goes down.. don't let greed and ego $Trump over your trading system. Congrats guys! Happy Sunday!
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Very timely reminder.
To those who roundtrip’d their gains from the recent run, learn from the experience & be a better trader on the next run.
Market is still bullish in the big picture, worst thing to happen is getting wrecked now & not being able to ride the next move.
Do not fall into the traps I have. Don’t blow money on shit that rusts or breaks. Make it, bank it, invest it, grow it and repeat. I have known too many traders(more than I can count) who have been worth 10M, 20m or more wind up driving Uber because of divorce, recessions, changes in business & very bad long term planning. The money may be rolling in for you or not, but know this-it will end! Plan for it.
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