MoneyTradeEdge | Better Thinking Better Trading
@MoneTradeEdge_Helping you to trade effectively, without getting lost in your emotions. Discussing trading from the psychological aspect to the pure technical concepts.
Trading is the most rewarding business in the world. But 99% of traders don't know how to win. 7 steps to become a trading sniper:
Every successful trader felt lonely. Every successful trader had bad moments. Every successful trader thought of giving up. They just didn't.
Patience is the most difficult trading skill to develop. That's why most traders give up within 12 months.
What most people think: Trading = Gambling Reality: Trading = Edges + calculated risks + emotional fights + consistency + countless hours of practice
How to improve your trading in 1 day: - Clean your charts - Focus only on 1 setup - Record your past trades - Decrease your risk per trade Never stop improving.
Trading is hard, but it's simple: - 1 trading system - Risk management - Self-discipline + Execution Forget everything else You will thank yourself in 6-12 months.
Most traders lose because: - 90 think trading is an IQ game - 10% know trading is a psychology game Trading is a psychological war against your emotions.
Stop being addicted to double your account in 1 month. Start being addicted to follow your system, rules and risk plan.
What's your favourite trading time frame?
Most traders want a 100% Win Rate. - 1:2 RRR has a 33% breakeven WR - 1:3 RRR has a 25% breakeven WR - 1:4 RRR has a 20% breakeven WR Stop focusing on money, start focusing on risk.
If you do it right, trading is the most rewarding business in the world. But most traders don't know how to win consistently for 3+ years. 7 hacks to improve 10x your trading:
7. Shape your mindset - 90% waiting, 10% execution - Plans, systems, rules are your trading weapons - Mistakes, journal, lessons are the fuel to improve your weapons - Thinking in probabilities is the hack to control emotions Your mindset is your most important trading asset.
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Trading: You can win for 300 days. You can 3x your account in 30 days. But still lose everything in 1 trade. Risk management will always save your ass.
Trading is 100% a mental business. - Discipline will make you win - Confidence will make you win big - Consistency will make you win the game Your mindset is your best trading asset.
Trading is better than school: - It teaches you how your mind works - It teaches you how people are driven by fear and greed - It teaches you how to manage your money Non-traders just don't know how much trading shapes your mind.
You never go back to silly indicators once you understand price action is king.
95% of traders lose... 1) They watch videos, they don't practice. 2) They want millions, they don't manage risk. 3) They give up at failure, they don't learn from it. To be in the 5% do what the 95% don't do.
1000 trades. 60% win rate. 600 wins. 400 losses. Just stop worrying about 1 loss.
If you want to be a successful trader, you should act like one: - Take only A+ setups - Take calculated risks - Never break your rules Become addicted to repetition.
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