Wife, Mom, Professional Photographer, Day Trader. The generous man will be prosperous, and he who waters will himself be watered. -Proverbs 11:25venicebeachphoto.net Venice, FLJoined February 2014
"You should review your rules at the beginning of the day and review your trading at the end of the day. If you followed your rules, even if you lost money, pat yourself on the back."
~ Dr. Van K. Tharp
The market DOESN'T care about your timeline.
Year 1: You think you know it all.
Year 3: You realize you know NOTHING.
Year 5: You finally start to understand.
But here's what NEVER changes...
The market rewards PATIENCE.
It punishes impatience.
Your job?
Stay in the game long…
Still the best sentiment indicator!
3-month implied VOL has now dropped below lower bound channel and to lowest post-Liberation Day level.
I'm not in the business of being contrarian with lower-lows and lower-highs and... monetary tailwinds.
$SPX $ES_F $SPY $QQQ $NYA $IWM…
The FOUNDATION of risk management?
MAXIMIZE what you CAN control.
MINIMIZE what you CANNOT.
Simple? YES.
Easy? NEVER.
Most traders spend 80% of their energy worrying about market direction...
But ZERO time controlling position size, entry rules, and exit strategy.
You…
Wealth gained hastily will dwindle,
but whoever gathers little by little will increase it.
Proverbs 13:11
My perspective of this:
A good reminder that compounding a little each day beats chasing big wins.
This is the Number 1 reason people aren’t profitable in trading:
They need to be right and cannot be wrong. People confuse what makes money in trading. They think it’s being right on trades that makes money. This causes people to fight trends and hold until they have lost it…
A 1% risk on a 10k account is the same as a 1% risk on a 1M account.
They're both one percent.
The dollar amount should be irrelevant to how you place and manage your trades.
The Power Of Compound Interest:
5% Return Per Month = 80% YTD
10% Return Per Month = 213% YTD
15% Return Per Month = 435% YTD
20% Return Per Month = 790% YTD
22% Return Per Month = 1000% YTD
Focus on pressing the gas in the good periods and preserving capital when the…
It’s funny because people think it’s a joke.
But then when it’s all straight forward and people start making stupid money you’re there with 0 confidence and 0 in your trading account
Btw take it from someone who’s traded this PA and blew over 50k in 2.5 weeks which was…
It’s funny because people think it’s a joke.
But then when it’s all straight forward and people start making stupid money you’re there with 0 confidence and 0 in your trading account
Btw take it from someone who’s traded this PA and blew over 50k in 2.5 weeks which was…
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