MoneyTradeEdge | Better Thinking Better Trading @MoneyTradeEdge
Helping you to trade effectively, without getting lost in your emotions. Discussing trading from the psychological aspect to the pure technical concepts. linktr.ee/moneytradeedge Links → Joined July 2020-
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Trading execution is the best skill. Wait for an opportunity. Take a trade. Set your targets. Go away. Plan. Execute. Repeat. Over and over again.
Remember: Trading success is not linear. You lose for 3-4 years. You struggle for 3-4 years. Then you gain everything back in 1 month. Don't give up.
1 trading system. 100% patience. 100% confidence. That's the result of 5 years of hard work, losses, failures and experience.
No more greed. No more anxiety. No more fear of losing. 1) Follow your rules 2) Reduce your risk 3) Think in probabilities It all depends on you.
Trading is the best business in the world. No one is coming to save you. That's why so many traders lose.
If you can master patience you're already halfway to trading success.
Everyone wants to be a top 1% trader. No one wants to practice for 1,000s hours. Trading is not an easy business.
30-60 days are not enough. Don’t be afraid to disappear while you build trading skills and become a fearless successful trader. Plan for the long term. Think long term. Trading is a journey.
If you're afraid of losing money, reduce your risk. If you're afraid of risk, think in probabilities. If you're afraid of missing out, backtest your system more. Fear is just an illusion.
Traders start trading to become rich. But they end up becoming confident and disciplined people.
Trading teaches you more about yourself than any 9-5 job.
The biggest trading mistake you can do is thinking you know everything.
5 years of: - 30 min of studying price action every day. - 30 min of improving your system every day. Will change your life forever. Many traders stop within 1 year. 99% of traders stop within 3 years. Showing up every day for 5 years puts you in the top 1%.
In trading, Talent is overrated. Showing up every day for 5 years is underrated.
In the end, Financial freedom is the final stage of trading.
Advise for new traders: Focus on 1 trading system. Changing system every day is the fastest way to trading failure.
Plan. Execute. No emotions. Become addicted to trade like a robot.
Every successful trader started by earning $1. 1 trade means nothing. 1000 trades mean everything.
Never let your 1 trade ruin years of compounding money and building trading skills.
Steve Burns @SJosephBurns
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@MoneyTradeEdge You just have to persevere and every year it will become easier It will be the unconscious who will work for you
@MoneyTradeEdge Thank you ,I wish I could meet you in person to appreciate you .You accelerated my trading journey and filled all port holes.Thsnk you
If you’re hating on another person’s trading style, you’re a sore loser. The beauty of trading is that we can all trade differently & we can all make or lose money. No one is better than another… Unless you trade ICT concepts
@MoneyTradeEdge Wifi money is real. A lot of people are missing out on this just because they want to enjoy life. But tbh it's never been easier and that's why it's the hardest
The longer I’ve been trading, the higher the timeframe gets on my chart.
@MoneyTradeEdge Rigorously backtest and practice a system, consistently trade to amass samples, let probability extract the edge. Trading is mundane repetition. Know your role, fear nothing.
@MoneyTradeEdge 2023 was my ,,disappeared” year. Now I am picking fruits of my work
@MoneyTradeEdge Trading has pros and cons, the sooner you understand it the better At the same time you can open your chart, spot instantly your A+ setup, get in And generate in 15 minutes what a normal person could earn in 1 year
@MoneyTradeEdge Avoiding forced trades and waiting for your setups is essential for successful trading. Many traders get distracted by market noise and end up making unplanned trades. However, waiting for opportunities based on strategy can probabilistically maximize profits and avoid…
@MoneyTradeEdge Important. Always try to beat yourself and improve over time. 💪🚀
@MoneyTradeEdge Learning to trade with theoretical books is like learning to drive the car only with the theory book Practice is what makes the difference
@MoneyTradeEdge After acquiring trading knowledge, many hesitate to put it into action. Successful traders are those who act calmly based on rules and apply their knowledge in practice. Knowledge without action is powerless.
@MoneyTradeEdge Reading books allows you to download useful trading information. Then take action on what you have learned from those books. Don't just read and do nothing. You need to do both.
@MoneyTradeEdge The effect of compounding applies not just to investments, but also to acquiring knowledge and skills. By learning a little every day, you can create immeasurable value over the long term.
@MoneyTradeEdge effort compounds years and years of struggle then BOOM success hits all at once takes years to become that overnight success though
@MoneyTradeEdge Most of them want also 10% WR and 1:40 RRR
@MoneyTradeEdge First and foremost, many traders don't keep records. They even think it's unnecessary. Reflecting without having material on oneself is challenging. By keeping records, common factors become apparent and refined.
@MoneyTradeEdge True, the path to scaling your trading lies in disciplined execution and relentless self-improvement