Knowwah retweeted
Traders worry so much looking for a 100% win system.
But forget they need just a 35% win with a 1:3 RRR to be golden.
Knowwah retweeted
Everyone is a trader.
Some people trade time for a paycheck.
Some people trade tuition for a degree.
Some people trade risk for profits.
Some trade happiness for security.
Some trade principles for politics.
Some trade ethics for cash.
Everyone trades, few understand this.
Knowwah retweeted
Trading rewards hard work, consistency and time.
Earning $1.000 in 2 hours every day is the reward of 5-10 years of focused hard work.
That's why loving the process is so important.
Knowwah retweeted
You will not see trading results after 1 day of hard work.
You will not see trading results after 2 days of hard work.
....
You will see trading results after months/years of hard work.
That's why 90% of traders give up.
Knowwah retweeted
How to develop trading confidence:
1) Know your system better than anyone else
2) Focus 100% on your system and forget everything else
Get addicted to break your limits.
Knowwah retweeted
- Failure
- Mental breakdown
- Long time to develop trading skills
If you can do this, you can do anything.
Knowwah retweeted
If you lose a trade, that's ok.
If you lose a trade by not following your rules, that's not ok.
Knowwah retweeted
- Working with no boss and no clients
- Compounding money like nothing else
- Working when you want and where you want
Trading is difficult. If it were easy, everyone would do it.
Knowwah retweeted
Many people want to be successful traders in life.
But they are ready to give up if they don't find success in 3 months.
Knowwah retweeted
Trading skills are also life skills.
You can practice 14 hours a day, every day.
Few understand this.
Knowwah retweeted
A stretch of prime Southern California beachfront real estate can now be returned to the descendants of its rightful Black owners, nearly a century after the parcel was taken by the city of Manhattan Beach. cnn.it/3A26Gmn
Knowwah retweeted
"Fun" Fact:
Among all day traders,
nearly 40% day trade for only one month.
Within three years, only 13% continue to day trade.
After five years, only 7% remain.
Not all who want to trade, have what it takes to trade.
