Becoming Profitable || Documenting every trade & lesson
Lagos, Nigeria
Joined February 2022
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EXPECTING EVERY TRADE TO WORK
A good setup can lose and a bad setup can win.
This is one of the hardest things to accept in trading.
If you need every trade to validate your analysis, you’ll eventually start interfering with perfectly good positions.
Your job isn’t to make the next trade win.
Your job is to execute an edge whose probability makes sense over a large enough sample.
THE ACCOUNT IS NOT THE MARKET
One thing I’ve learned: The market doesn’t know you’re down 4%, it doesn’t know you need 6% to pass, it doesn’t know you have rent due, it doesn’t know you’ve already lost two trades today.
Price is just doing what price does.
Stop making your account balance part of your market analysis.
PROFITABILITY VS CONSISTENCY
Making money once doesn’t prove much and I’ll also argue that a good month doesn’t prove much too
Even a big payout doesn’t prove VERY much.
The real test is whether you can repeat the same behaviour when:
you’re winning,
you’re losing,
you’re bored,
you’re frustrated,
and your last 5 trades didn’t go your way.
Consistency is doing the boring thing even after the excitement disappears.
Thesame thing happened to me. I was almost shocked until I warned the attendant sternly.
2 weeks ago, I parked to get fuel. I turned off the vehicle oh and asked for 70K fuel. The attendant asked me if I turned off the car, I said YES. This guy still said he can see lights in the car, indicating the vehicle’s turned on. Hian, me come go check. I returned and saw meter reading at 13K! As how? From where to where?
I told the guy if he doesn’t want wahala, he should put my 70K fuel COMPLETE!!!! 😂
The guy showed me the receipt of the previous person, trynna say the previous client got 20K fuel. Meanwhile, I saw these guys exchanging money oh, means it’s either company parole or whatever.
He sha filled the tank with 80K worth of fuel. Since then eh, my eyes are peeled and on the meter.
I was coming back from the market yesterday when I decided to buy fuel for the house. I saw a filling station along the way and stopped.
I asked them to put ₦10,000 worth of fuel in my gallon and gave the attendant my ATM card for a POS withdrawal because I didn't have enough cash.
While the attendant was filling my gallon, his colleague was handling a POS transaction for an elderly man who had driven in to buy fuel.
After filling my gallon, instead of resetting the pump and entering the amount the elderly man wanted, the attendant left it as it was.
His colleague returned the POS machine to him while standing in a way that made it difficult for the elderly man to see what was happening. Another staff member also joined them....
I, firmly, believe that a CEO/director of a project should be extremely good at delegating duties, creating and overseeing policies and demanding accountability from section heads.
Above all, the founder of any project should have the social capital and continually create connections for the benefit of said project.
There should be little instances of micromanagement.
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So, I have an entire play needed to boost the productivity and revenue of my current workplace by 200/300% in 6 months but it’s not my business or my role.
Should I do over sabi and offer up a plan or just keep shut and watch em do whatever they wonna do?
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