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...learn to lose with grace.
there are a million fucking ways to combine a handful of indicators to find viable entry signals.
but when one trade doesnt act right and chooses violence, how you respond to that is, to use the mathematical concept, infinitely more important than finding entries. how you respond to L's will make or break your account.
door number 1 is you cut that shit off before it turns into a problem and walk away from the keyboard because you know that sooner or later, another trade will come. this... is the way. this.... is profitable.
door number 2 is where you become anxious and want to erase the losses. so you probably stay in the trade, hoping it reverses which would somehow validate your original thesis, and then you either blow up your account right then and there waiting for that ship to come in or, more likely, you let go of the trade immediately before it reverses, take a massive L on the books, and then immediately try to ... and this is an important sequence of events.... recover your losses by correcting your mistake and catch the reversal.
which.. more often than not, is already reversing on you again. resulting in 2x the original loss on the books.
i think the key is to recognize that the emotional root of that cycle is anxiety. taking that L makes us feel less safe, less satisfied, less secure. the money in the account is security. we know that. its not just the opportunity to take more trades but its everything from iodine pills and gieger counters to a new ford GT to 5 acres of fertile soil in the PNW to getting peking duck delivered to putting a smile on a bad bitches face etc.
when we take an L, all those things are suddenly taken off the table. this is anxiety provoking, this provokes a fight/flight caliber response. "fix this... now".
you might luckbox your way back to green now and again from there but on a long enough timeline you busto your account, trading when youre in that state.
period. full fucking stop.
so yeah the lesson here is this:
cultivate the ability to see beyond the red on your books. there will always be another trade, theres no need to force things, theres no need to go looking for it. it will literally find you if your entry protocols are sound.
people talk about how no one is really profitable in this for 3 years minimum. that is why. it doesnt take 3 years to learn how to make money in the market. i made more money much faster than i do now in the first 6 months i was trading. but every single time, i would run it up in ways that to this day i cant quite believe happened then do shit like lose $30,000 trying to make back $300.
in like, an hour.
so yeah if anyone came here looking for actual real life advice on how to get rich gambling on the market, let this post be the one that you fuck with.
there are a million fucking ways to combine a handful of indicators to find viable entry signals.
but when one trade doesnt act right and chooses violence, how you respond to that is, to use the mathematical concept, infinitely more important than finding entries. how you respond to L's will make or break your account.
door number 1 is you cut that shit off before it turns into a problem and walk away from the keyboard because you know that sooner or later, another trade will come. this... is the way. this.... is profitable.
door number 2 is where you become anxious and want to erase the losses. so you probably stay in the trade, hoping it reverses which would somehow validate your original thesis, and then you either blow up your account right then and there waiting for that ship to come in or, more likely, you let go of the trade immediately before it reverses, take a massive L on the books, and then immediately try to ... and this is an important sequence of events.... recover your losses by correcting your mistake and catch the reversal.
which.. more often than not, is already reversing on you again. resulting in 2x the original loss on the books.
i think the key is to recognize that the emotional root of that cycle is anxiety. taking that L makes us feel less safe, less satisfied, less secure. the money in the account is security. we know that. its not just the opportunity to take more trades but its everything from iodine pills and gieger counters to a new ford GT to 5 acres of fertile soil in the PNW to getting peking duck delivered to putting a smile on a bad bitches face etc.
when we take an L, all those things are suddenly taken off the table. this is anxiety provoking, this provokes a fight/flight caliber response. "fix this... now".
you might luckbox your way back to green now and again from there but on a long enough timeline you busto your account, trading when youre in that state.
period. full fucking stop.
so yeah the lesson here is this:
cultivate the ability to see beyond the red on your books. there will always be another trade, theres no need to force things, theres no need to go looking for it. it will literally find you if your entry protocols are sound.
people talk about how no one is really profitable in this for 3 years minimum. that is why. it doesnt take 3 years to learn how to make money in the market. i made more money much faster than i do now in the first 6 months i was trading. but every single time, i would run it up in ways that to this day i cant quite believe happened then do shit like lose $30,000 trying to make back $300.
in like, an hour.
so yeah if anyone came here looking for actual real life advice on how to get rich gambling on the market, let this post be the one that you fuck with.
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