My book was published on Kindle today🎉🎉
I have compiled the correct path, mindset, and approach to achieving success in trading into a single, concise book.
I believe that if you continue to walk the right path as a trader, you will surely achieve success.
I hope this book can
The Art of Waiting.
Wait without waiting 🤚🧵
Most of a trader's job is waiting.
To improve the quality of work, one must master the art of waiting.
A thread explaining how to wait ↓ 1/7
Don't worry, it’s pointless 🧵
Here’s a thread explaining how meaningless and risky it is to keep staring at your P&L during a trade or worry about the outcome ↓ 1/5
Traders:
Stop trying to improve after every loss.
Your edge comes from consistency, not constant tweaking.
Embrace losses as part of your statistical advantage.
The reason trading becomes more boring as you get better at it 🥱🧵
Excellent trading is said to be boring.
Today, I’ll explain why the better you get at trading, the more boring it becomes.
↓Thread 1/7
How I completely lost interest in trading🧵
This year marks my 16th year in trading.
I will explain how I lost the passion I once had more than anyone else, how I lost interest, and how that led to things going well↓ Thread 1/8
This weekend, read this article multiple times and reaffirm your role as a trader📝
Trading is not done to gain immediate wins.
You will lose even if you enter perfectly, and you will win even if you enter haphazardly.
Short-term results are random.
Your job as a trader is to
How to accept losses🧵
Accepting losses is not about enduring unpleasant things or relying on mental strength.
Here’s a thread on how to accept losses↓1/6
To never break the rules again🧵
The job and responsibility of a trader are not about winning or losing, but about strictly following the rules.
Here is a thread to help you ensure that you never break the rules again.↓ Thread 1/7
Even if you can control your emotions, most traders cannot succeed 🧵
Many traders believe that emotions are the reason they fail, but even if you can control your emotions now, you still cannot succeed.
A thread explaining the reasons and solutions ↓1/7
Traders must absolutely understand how probabilities work! 📈🧵
As a trader who utilizes probabilities, it’s crucial to understand how they operate.
I’ve explained this before, but because it’s so important, I’m going to break it down again in this thread. ↓Thread 1/8
The story of how I completely lost interest in trading
I have no interest in my own trading at all.
However, I used to have more passion than anyone else.
I had to intentionally discard my passion, and as a result of struggling to do so, I lost my passion and interest. Now, when
The idea that a skilled trader can make money even in difficult markets is an illusion.
A truly skilled trader does not engage in markets that do not fit their system.
The ability to wait is also an important skill.
Good night😴
Day after day, I post my own knowledge in my own words, not by copy-pasting others.
Thank you always for reading.
May you gain true consistency and grow as a trader✨
Good night😴
Become an excellent trader "right now" 🧵
Regardless of how much money you currently have, you can become an excellent trader today.
In order for the money to follow later, become an excellent trader "now."
Here's how to become an excellent trader right now ↓ 1/8
If your system has an edge, you don't need to worry about the order of wins and losses.
What's necessary is to maintain consistency and sample size. Goodnight😴
Beginner traders are always anxious that they cannot earn money unless they are constantly trading, so they are always busy trading.
Professionals do nothing for most of the time.
For traders, waiting is an important job.
If you are truly a "trader," a losing day should be meaningless.
Conversely, if a losing day holds any special meaning, you are not yet a trader.
Your job as a trader is solely to be part of the system and execute the process perfectly🌟
Good night😴
Traders, drill this into your heads 🧠🧵
Here’s a concise thread of essential and necessary things you absolutely need to understand to be successful ↓ 1/8
Winning doesn't mean you're a good trader.
Losing doesn't mean you're a bad trader.
Not following rules means you're a bad trader, even if you win that trade😵💫
Beginner traders are always anxious that they won't make money if they aren't trading, so they are constantly busy trading.
Professionals spend most of their time doing nothing.
Waiting is an important part of a trader's job.
If your system's edge is proven, just keep rolling the dice.
Any outcome is safe.
If you're scared, test until you're confident.
Consistency is the final hurdle for prepared traders, built on deep understanding.
The hardest part of trading is not creating a system with an edge.
The hardest part is to consistently keep trading the system even after losing streaks and drawdowns, no matter what.
When this is no longer difficult, it means you have become a true trader.
Good night😪
Strategy is important, but how you perceive and think about trading as a trader is even more important.
But don't worry.
I will teach you the trader's mindset here every day.
Follow me and read one post every day.
Good night😪
Traders must absolutely know this🧠🧵
The way probabilities work is extremely slow.
For a trader dealing with probabilities, understanding how probabilities work is the same as understanding their own job better.
Here's a thread explaining how probabilities work ↓1/7
On Trading Journals:
As I have mentioned several times before, it is important to write in your trading journal "before the trade".
Today, I will delve deeper into the reasons.
Many traders write in their trading journals after the trade or at the end of the day.
That's fine,
Every day, I post about consistency, edge reliability, and probabilistic thinking from various angles using my own experiences and words, not someone else's copy-paste.
Thank you for always reading.
Thank you also to those who are reading my book.
I too have faced fear and
Check these traits if you aim to be a superior trader✅
How many do you have? 🤔
1. Always set stop-loss orders.
2. Maintain appropriate position sizing.
3. Strictly adhere to predetermined rules.
4. Don't immediately try to recover losses (revenge trading is a no-no 🙅♀️)
5.
Amateur traders don't backtest, so they think their system is failing after just three losses.
It's like stepping into the boxing ring without practice and getting shocked when punched.
There's no boxing without taking punches.
It's completely normal.
Good night😪
[Must Save💎]
Four Things You Must Understand to Create the Best Mental State as a Trader
1. Understanding the Role of a Trader:
A trader's job is to create a system with an edge, consistently repeat it, and apply the law of large numbers to a large sample size under the same
Attempts to recover losses will cost you more.
Whether you win or lose, you reinforce the belief that immediate results are more important than following the rules, making it even harder to stick to them.
The end result is bankruptcy🤯
Focusing on the process means eliminating everything other than the process🧵
What you need is to know the conditions for clicking, and just to click.
↓ A thread to understand "focusing on the process" 1/7
Trading is about growing your capital through wins and losses.
An edge in a system means that after both wins and losses, profit remains.
Trying to conveniently avoid losses denies the system's edge.
Remember, even losses contribute to the edge in a winning system.
Traders don't fail to succeed because they lose trades.
They fail to succeed because they can't consistently stick to what they've decided based on prior testing, or because they trade arbitrarily without any prior testing.
Good night😴
To all you motivated traders on Monday, read this:
- Don't rush
- Your job is to follow the rules and "only" that
- All wins and losses that occur after following the rules are part of the system
- If you deviate from the rules even once, the sample is tainted, and you can't
How I Completely Lost Interest in Trading:
I have been trading Forex for nine years, and with my prior experience in stocks, my overall trading experience spans 16 years. I used to have a greater passion for trading than anyone else. However, I found it necessary to
A trader's job is to follow the rules.
The outcome cannot be controlled, but by consistently following the rules, the system's edge will manifest in the long run.
Winning and losing are part of the system and not the individual trader's responsibility.
The key to ultimate
If your system has an edge, the order in which wins and losses line up doesn't hold much meaning.
Whether the next trade will be a win or a loss, the order doesn't matter, and either is fine.
Casino owners don't bother checking which customers are winning today.
What's needed is
I will enhance your understanding of risk management 🤓🧵
People often say "Risk management is important," but many traders don't truly understand the essence of risk management. Here’s a thread explaining the core of risk management. ↓ 1/8
Traders fail not because they lose in trades.
They fail because they cannot consistently follow the rules they tested and decided on beforehand,
or because they trade arbitrarily without testing beforehand.
My Trading Notes for One Day📝
- No matter what strategy you use, you will inevitably face losing streaks.
- You will inevitably experience drawdowns.
- Attempts to recover losses will cost you more.
- Trades made out of fear of missing out are worthless.
- As long as you follow
If you are a trader in the true sense, losing days no longer hold any meaning.
Conversely, if losing days have any special significance, then you are not yet a trader.
Your job as a trader is to become part of the system and only execute the process perfectly.
Amateur 👶 vs Professional 👩🏫
👶 Prioritizes immediate wins and losses over rules
👩🏫 Believes rules are paramount and follows them faithfully
👶 Prays instead of cutting losses
👩🏫 Cuts losses according to the rules
👶 Has a win rate of 90% but doesn't grow their capital
👩🏫 Has
Amateur 👶 vs Professional 👩🏫
👶 Win rate 90%, but funds do not increase
👩🏫 Win rate 45%, funds steadily increase
👶 Thinks stop-losses are a failure in trading
👩🏫 Considers stop-losses according to rules a success in trading
👶 Prioritizes immediate wins and losses over rules
Amateurs think wins and losses are their own doing and brag or get upset😵💫
Pros know wins and losses are random, but long-term success is due to their consistency and they know they deserve it🪄
To truly understand and embody probabilistic thinking, please stop these habits:
- Looking at charts for no reason.
- Checking your current funds and thinking about how much they have decreased from the recent maximum.
- Worrying about the PL during a trade.
- Thinking about how
In trading, what matters is not the outcome of a single trade, but the repetition of the same trade.
Leverage the law of probabilities to your advantage.
You are neither a person who wins nor loses in the trade in front of you.
You are simply an executor who checks if the criteria are met and clicks if they are.
You have nothing to do with winning or losing.
You continue to operate a system with an edge accurately and generate
Don't get emotionally attached to a single trade.
The phrase "just this once" is dangerous for traders.
For every trade, you should just follow the rules and click.
Good night😪
Good morning☀️
It's Monday. First, read this:
- Do you have a trading plan?
- Close the charts and do something else until a signal appears.
- Don't rush; wait patiently for the signal.
- Set a stop loss and always calculate your position size.
- When a signal appears, don't
You may think, 'I can't believe that successful trading is just about repeating the same thing over and over again. It can't be that easy.'
If you think it's easy, give it a try.
You'll likely come to understand it's the hardest part.
Good night😪
Trading is boring.
But this is just an expression, and I don't even feel bored.
Just as I don't feel bored when I'm not brushing my teeth, I forget I'm even waiting when I'm waiting for a trade.
This is what it means to 'wait without waiting.'
Good night😪
Many people overlook Mark Douglas's crucial points, such as:
- The only difference between the best traders and others is that they don't feel fear. There's no other difference.
- Excellent traders don't perceive market information as something painful in the first place.
-
Don't focus on setting a daily profit target.
The market doesn’t cater to you.
Focusing on a specific target only increases the risk of judging the day's success by that amount.
Your goal today is to follow the rules.
And it's okay if that means there are no trades today.
If You're a Trader, Remember This:
Rule-based stop-losses are the reason profits ultimately remain.
The system's edge lies within these stop-losses.
Embrace the fact that stop-losses have an edge.
The Reason Why You Can't Meet a True Trader 🧐
A true trader may be completely different from the trader image you have in mind.
True traders do not freely earn money from the market with splendid techniques.
They are merely executors of systems that act according to set rules.
What is necessary to make trading boring:
You are not bored with trading yet.
Even though you have a system and rules in place, you are always afraid, always happy or sad.
Most people are happy when they win.
They are sad when they lose.
This is because they believe that winning
Let's Learn How Probability Works Over the Weekend📚
As a trader using probability, it's extremely important to understand how probability works. Although I have explained this before, I will explain it again. The laws of probability work much slower than we often think, and
Wait without waiting✋
Most of our work as traders is waiting.
To improve the quality of our work, we must master the art of waiting.
Many novice traders feel anxious when they are not participating in the market and tend to force trades, but this is a big mistake.
The job of a
As Mark Douglas said, I don't perceive any chart information as fear, nor do I need emotional control to enter or cut losses.
I'm simply doing what needs to be done, and the deep understanding that drives this is my skill.
I've been refining this skill for years.
Good night😪
If you have a system with an edge, your consistency and patience determine your success.
The immediate trade results become irrelevant, and losses don't push you away from success.
Success vanishes only when you break the rules.
The true difficulty in trading lies in simple repetition.
Anyone can maintain consistency when profits are rolling in.
Real consistency is tested during losses, losing streaks, and drawdowns.
The reason you cannot wait is that what you are waiting for is unclear, and you do not fully understand the reason for waiting.
Your job is not to win in the trade at hand, but to consistently follow the signals generated by a predetermined system with an edge.
The wins and losses according to the rules are all part of the system and necessary.
It is not your responsibility.
Your responsibility is to never deviate from the rules.
Do not try to win, do not try to avoid losses, just stick to the rules.
Good night😪
It's dangerous if the following apply to you⚠️:
- You don't cut your losses
- You feel compelled to immediately recover your losses
- You determine your position size based on how much you want to earn or recover
- You want to 10x your funds within a month
- You set daily profit
Characteristics of Excellent Traders 🌟
・Do not place value on winning or losing
・Do not have the mindset of trying to recoup losses
・Do not aim for a quick turnaround
・Only trade when necessary
・Have a system with an edge and rules to follow
・Do not make predictions
Confidence comes from a deep understanding of the system and what you need to do as a trader.
Anxiety and fear arise from not fully understanding what you are doing.
Emotional issues reflect your level of understanding.
Good night😴
"Accepting Losses"
People often say, "Let's accept losses," but this alone is not enough.
When I was a beginner, I believed in this phrase and cut my losses many times, but my funds almost ran out😂
To truly accept losses, you must understand "why you need to incur losses,"
Immediate Trading Psychology Techniques 🧠🧵
Behind your emotions are thought processes and beliefs.
Developing appropriate beliefs for trading takes time.
But here I introduce ways of thinking that function as first aid or medicine when you are suffering.
↓Thread 1/6
Trading isn't about being a hero for winning big in a day.
It's like brushing your teeth—a daily routine.
It's mundane work that no one praises, but after months or a year, you see results.
Good night😴
Success in trading takes time. It's like farming.
Many traders give up when seeds don't sprout the day after watering.
Roots grow underground, shoots take time. Harvest is far off🌱
Some don't even realize they've started farming.
You're in it for the long haul.
Trying to trade to recover losses ultimately costs you more.
It’s not just about the money.
You end up placing more value on the immediate trade results and move away from probabilistic thinking.
Good night😪
Amateurs think wins and losses are their own doing and brag or get upset😵💫
Pros know wins and losses are random, but long-term success is due to their consistency and they know they deserve it🪄
Don't try to learn from every loss.
The time to learn from losses is during system development.
Once you've thoroughly tested and created a system with an edge, don't get swayed by results.
In real trading, focus on why you can't follow rules or maintain consistency.
10 Precepts of the Sage 🧙♂️
- Do not try to win or avoid losing.
- Do not view losses as bad if you followed the rules.
- Do not count consecutive losses.
- Do not calculate the amount needed to recover losses.
- Do not trade on a whim.
- Do not boast about your account balance
A trader who fears losing streaks does not yet trust their system.
Understand that losing streaks are part of the edge.
Test it thoroughly with a large sample size.