Alexander The Trader

Never underestimate a 50% win rate with 2:1 RR when you've got 100 trades backing up these numbers. The above is *always* better than an 80% win rate with 2:1 RR but you only have 10 data points for it.

The less you trade, the cleaner your equity curve will rise. You need to remove as much noise as possible from your equity curve, which means removing all unnecessary trades from your sample size. If a trade doesnt instill confidence, don't take it. Watch your results grow.

A lot more nuance required here: if you know when to size up your trades because your edge is present, that will be your career maker. Because the truth is your edge wont always be present, thats when you size down and let patience take hold. But when you are in flow, size UP.

I do have a different take here. I've found that having some novelty in your daly routines helps with creativity and work ethic, instead of living the same exact days over & over again. Now this might be due to m ADHD, but ive tried doing it the way @jadecap_ talks about in this post and it didn't work for me. I just ended up being so bored after a quarter of living the same exact days. Now I instill some freedom in my daily routine: I still get my Top 3 Goals done every single day, I just do it in slightly different places, like my co-working space or maybe a Cafe, or even working in my living room instead of my home office all the time.

Everybody tells you that loving your job is the key to success, but how do you actually learn to love what you do? I like to hold trading as sacred. Whenever I successfully take a good trade, I see it as a thing of beauty. Years of hard work led to this trade being born.

Every phase of life has its own challenges and therefore its own fun. To a large extent, your ability to enjoy life is a skill issue. How good are you at extracting the fun out of whatever it is you're doing?

When you trade at your best, you will know when the market is ready for an opportunity and when its not. You know where to trade, and until price comes into that environment, you won't even be looking at the charts. But when price is there, you pay close attention and execute.

The more confluence your strategy needs to take a trade, the higher your accuracy will be = better win rate. However, the catch is that you will be missing more opportunities since your filter is tighter. This is a tradeoff you need to decide on before increasing complexity.

The moment I accepted that I couldn't trade every single market environment was the moment I became profitable. There will be specific places where your edge shines, anywhere else is not a worthy use of your time & capital. Know exactly where that is, and only ever trade there. Watch your win rate grow.

The stress that comes with trading can only be cured by the love for the game. You no longer get your dopamine from winning trades, but from executing your strategy well, from diligently preparing your trade ideas, from conducting trade reviews to constantly improve as a trader. You fall in love with the process instead of the immediate results, and this pushes you through all the hard times.

Its impossible to become someone new without first grieving the loss of who you used to be.

When a trade is shaping up, stop doing anything that distracts you, put all your focus on the present moment. Right now, there is only you & the market. Review your trading plan, commit to executing your edge accurately, no foolish mistakes.

You are stronger than you think. The market is difficult, but it can be overcome if you truly want it. Ultimately, that is the question: how much do you want this?

Nothing more noble than to strive for something better because you know you can do better.

Whenever I enter a trade, I always prepare myself for a loss. I don't let myself get hopped up on the chances of winning, lest I become overconfident. The wins take care of themselves, it's the losses you need to prepare for because they can do emotional damage.

Dopamine addiction from taking trades damages your ability to stay calm amidst volatility. If youre watching your trades tick by tick, how do you expect to avoid stress? Follow your plan and let the market do what it will do!

Believe in randomness at the micro level, trade to trade, you do not know whats going to happen. The good news? You dont need to know whats going to happen because your edge will play out over a larger sample size. Keep the faith, continue executing your edge.

When you're performing well, the fear of losing can start creeping into your heart. I used to feel this way, where all I wanted was to keep the win streak going, but all that did was make me scared to take trades because the next one could end up losing. The solution is never allowing myself to be attached to my results. No matter what is going on, I put all my focus on my process. The results are just the side effect.

As a new trading week approaches, remember that any win you cannot replicate is simply luck. Repeatable, consistent processes is the one true way to becoming a pro.

There is one word in trading that will make all the improvement you're looking for. Subtract.