Ryan Rhodes @rsquaredwebdev

One of the most important things a trader needs to grasp, is knowing when to not trade. Not all price changes are created equal. Over-trading a market going nowhere is a passport to poverty.

The key to winning 🏆 and losing in the markets is to lose the least amount when your on the wrong side of a trade. If a bar is not profitable after the first one-minute bar, it’s suspect, and you need to be prepared to exit.

If you go back and study your winning trades, you notice that most trades take off and never look back. Did you ever see a Kentucky Derby winner or any horse race where after the gate drops, the Horse backs up into the gate? Hell no, nor should your trade.

Patience is not about how long you can wait but how well you behave while waiting for a trade. The hallmark of a great trader is being in a drawdown and waiting for the setup, NOT chasing price trying to get your money back. Growth comes from trading out of drawdowns.

I’ve been working with traders for over 35 years and the 3 biggest things that fuck traders up more than anything are this: 1. Under capitalization. If you can’t meet the margins, you need to trade the Micros. There is nothing wrong with trading the smaller contract size, it’s…

You can't learn how to trade from a YouTube video or a book any more than you can learn to ride a bicycle from a YouTube video or book. Stop with the nonsense; you only become a great trader from experience. You can't BUY IT; you have to EARN IT through balance.

Trading Success cannot be bought, Trading success can only be earned.

After being in the trading business over 35 years here is one thing I can share with you… Stop trading against the 8 EMA. It NEVER misses a big move. Go back and test it. If you’re trading against this 8 EMA or SMA is doesn’t matter, you are gonna get screwed on eight out of…

You don't make money... you take money from other traders. Trading is the closest thing to WAR. Winning traders take money by exploiting the consistently irrational behavior of other traders. Many don't see it this way, but that's how it is; somebody has to pay the winner.

William Eckhardt co-founder of the Turtles trading. The turtles were a group of 24 traders who had ZERO trading experience and made millions... You can read more about it by clicking on the link below 👇 drive.google.com/open?id=0B8-4p…

You DO NOT need a high percentage of winning trades to be a profitable trader. In fact, this flies in the face of almost everything you read. If you think you need to win a high percentage of your trades, I'm here to show you a little secret about trading: In trading, it's…

One of the keys to day trading is having a process... Impulsive trading is not a process-driven approach... If you're not following your process (Your rules), you're not following the plan...

In trading, it's not how much you make, it's what you keep. Let me phrase this another way for you: It’s not whether you’re right or wrong on your trades but how much money you make when you’re right versus how much you lose when you’re wrong.

What attracted most to trading? Answer: It looks like easy money. Truth: Trading is one of the hardest things you will ever do in your life. Because you are your worst enemy, trading is about emotional discipline. You have to be able to make decisions based on tested results.

Most traders are risk averse to gains and risk-takers when it comes to losses. This explains why people are quick to take profits but let their losses run... they do this because they want to be RIGHT. You have to do the opposite in trading. Cut losses and let profits run.

Nobody wants to do the work and all that means is testing the rules. Most people want to be spoon-fed. Go find a fuckin hedge fund if you’re just looking for results. Trading is a craft and you have to learn it. You don’t learn to ride a bicycle by reading a book or YouTube

If you're constantly tweaking your system, changing indicators, optimizing values, and buying new indicators, you are stuck in a "Constant Discovery Mode." If you're constantly changing things, how the hell are you going to know what works? This is what drives me nuts about…

Trading is a psychological game. Most people think they're playing against the market; you’re really playing against yourself. Most traders are looking for the holy-grail indicator to handle their trading problems. This is why 90% of trading is about emotional discipline.

Patience is a Cardinal Rule in trading... if you don't have patience, you will not be successful in the long term. The same goes for profitability; if you don't let your winning trades run, you will not be able to pay for the losing trades. Patience is what allows trades to run.

Traders go on "TILT" when they become impulsive/impatient and try to recover their money from losses. TILT is a term for a player who losses emotional control in trying to get their losses back, and they usually make bad aggressive (big bets), which only makes matters worse.