$23,760.00 lifetime payouts @topstep | ๐ฃ๐ค ๐๐ง๐ฎ๐๐ฃ๐ ๐๐ฃ ๐ฉ๐๐ ๐๐๐จ๐๐ฃ๐ค | Trading Journal @XBT_Journal
Switzerland
Joined February 2018
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MoritzXBT retweeted
Process and PnL
Often sideways = small movements, small wins, hitting singles, small losses, keeps the account ticking over, defensive until you see the opportunity to hit an A+ setup in between - back to defensive.
Ladders = Setting up and executing a winning trade, playing out the trading objective.
Snakes = Poor risk management, over-sizing too early, lazyness, 'fuck it' attitude, not cutting losers quickly all lead to significant drawdown. This one hurts the most.
Have a blessed week ahead.
MoritzXBT retweeted
SZ is one of the best I know at compounding into winners / sizing up as a trade develops...
A common mistake traders make is putting their largest size on at the initial entry when uncertainty is arguably at its highest...and therefore take an unnecessarily large loss when wrong.
Once youโre in a winning position and the market has begun validating your idea, you have far more room to add dynamically while managing overall risk - keeping it relatively static.
In other words... earn the right to size up and press.
You never really have the market by the balls, but occasionally it lets you think you do.
Give it a watch.
tradersz.com/anticipating-raโฆ
MoritzXBT retweeted
Discipline makes today hard but tomorrow easy- excuses make today easy but tomorrow hard
Discipline becomes easier when you when you stop seeing it as punishment and begin seeing it as self respect.
MoritzXBT retweeted
Show up everyday and results have no option but to follow. Being consistent produces progress- show up long enough and results will show up.
Eventually it would have taken you 5 years to be an overnight success
Lock in
MoritzXBT retweeted
Watched this FP playlist last year for the first time
Hands down the best FP course out there (as hard as it seems, they keep on preaching to gather patterns and keep it simple).
Going to watch it again this week, a year + later and I'm sure I'll pick up a few things.
Props btw to @Trader_XO for linking this in the mentorship
youtube.com/watch?v=Ng9UsK1gโฆ
MoritzXBT retweeted
instead of focusing on wins or losses, focus on the quality of your decisions
you tilt because your emotions are attached to a short term outcome you donโt control
focus on qualitative metrics so your emotions can attach to something you have 100% control of
MoritzXBT retweeted
I don't know how much more clear I need to make it.
I've made MILLIONS of dollars trading a 35% win rate.
The turtle traders under Richard Dennis made MILLIONS with a 35-40% win rate.
I get it wrong MORE OFTEN than I get it right.
I don't know if this is new to you, but everyone's opinion has the probability of being wrong, EVEN MINE.
The people who tout "this guy doesn't know what he's doing, follow me instead" are misguiding you into believing you're always going to make money on every single trade.
Or that somehow they've figured something out that I haven't after 15+ years of doing this.
This game is about how much you lose when you're wrong.. and how much you win when you're right.
That's it.
Attaching my full Apex account statement.
I had a 35-38% win rate for 3 straight months... and made $3,000,000 doing it.
Stop trying to chase perfect.
Instead, chase profitability.
MoritzXBT retweeted
I get trades wrong as often, if not more than I get them right.
My position sizing usually dictates my performance.
I size heavier on A+ setups, and use smaller size as โfeelersโ when Iโm unsure of the trade.
Iโm partnered with NONE of the prop firms in this run.. and will provide my honest experiences when it comes to payouts or any issues that I might run into.
All of the accounts were paid for personally by me and none were freely givenโฆ as always.
MoritzXBT retweeted
$BTC | +33R | +68k
- easily my best trade to date, tho i did close a bit early when we pumped into the Monthly FVG
- still a massive W & can't complain with sitting at #1 on @breakoutprop this month ๐ฅ
MoritzXBT retweeted
All of my years of studying and trading have led me to believe that cutting losses is the key that enables a trader to live to fight another day, and survival is the real key to trading success. - George Coyle @gfc4 65/n lnk.to/marketwizardsnextgeneโฆ
MoritzXBT retweeted
NQ course is now live
had to re-upload due to some bugs w/ YouTube
giving away some prop accounts to people in the comments (don't leave an NPC comment)
youtu.be/vR4S0fj5qsA
MoritzXBT retweeted
Its good to hedge everything.
When i piss, i put toilet papper up my ass in case i shit.
Always hedge.
MoritzXBT retweeted
it's live
all the wait comes to an end
my free course is out. 3+ hours, from the ground up, completely free
whop.com/shinixflow/shinixflโฆ
MoritzXBT retweeted
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1-Price Action
ไธๅๆถ้ดๆกๆถไธ็้ซ็น ไฝ็น ่ถๅฟ ไพๅบ ้ๆฑ ๅบ้ด ่ฟๆฏๆ็ปๅธธ่ทๅคงๅฎถ่ฏด็ๅบ็กๅฟ
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