@theincognitotrader·May 13Uncertainty/randomness will make:
A good system look broken in the short term...
... and a bad system look brilliant.
A bad trader look like a genius…
…and a good trader look like a complete idiot.
If you don’t understand this, you'll keep drawing conclusions from noise.
@theincognitotrader·May 13You're rarely going to catch an entire move.
Most of the time, you'll leave money on the table.
It’s just part of the business.
If you have an emotional issue with the idea of leaving money on the table, you should work on that.
@theincognitotrader·May 5the reason traders stay stuck for years is not a lack of information.
It’s because they keep trying to solve emotional inconsistency with intellectual solutions.
That never works for long.
@theincognitotrader·Apr 28The extent of the obsession to your craft directly correlates to the extent of your success
So before picking a path, ensure you’re ready to live it, breath it, dream it, because the winners in your field already do & if you don’t top their intensity, you will lose
Learn life.
@theincognitotrader·Apr 25The holy grail is boring execution.
Nobody wants to hear that.
@theincognitotrader·Apr 24When the market is about to hit your stop loss, take a deep breath, switch off your ego, and let it happen.
Don't fight the market.
@theincognitotrader·Apr 23If you can't display an ounce of self-control when somebody cuts you off in traffic, while waiting in line at the grocery store, or even when it comes to your diet, then how do you expect to display self-control in the market?
@theincognitotrader·Apr 23Decide that you're a professional.
And every day, think and act like one.
@theincognitotrader·Apr 20If you don’t achieve your goals, you’ll feel bad that you didn’t achieve them.
If you do achieve your goals, you’ll feel bad achieving them didn’t make you feel good.
@theincognitotrader·Apr 19Stop trying to get rich fast.
Focus on not going broke.
Consistency > Chaos.
Risk management is the real cheat code.
