Its fight with yourself, mental game of trading
Go Slow and Size Low. Market will be there whether you have capital or not. So don't rush
Sit, Watch, Do nothing if there is nothing to do.
Don’t execute a trade coz you got 2 hours available for screen time & you missed a setup earlier. Use those 2 hours to patiently wait for your setup. If nothing materializes you still got paid by not executing crappy setup and regret that follows. Market doesn’t work on your time, you work on markets time. #ES_F, #SPX
https://twitter.com/FutureTrader400/status/1661164915485179906
Size low & go slow.
Size Low:
1. You should be able to withstand 30+ consecutive losses with your SL & not sweat when trading.
2. Focus on # of instruments that you can handle. I focus on one, but don’t do too many things at ones.
Slow:
1. Trade less. specifically when it’s chopping in TF you trade, then stop trading. Wait for better opportunities.
2. Attack like tiger, when setup shows up but retreat when it’s not working out. Spend minimum mental capital by trading only setups.
3. Don’t trade once you start giving back your gains. Come back later. Market will be open for business, whether you have capital or not.
More is less, stop paying attentions to news and too much information.
And while trading, I don't pay attention or trade any news or any nonsense. I don't even care if Fed raised rate or cut the rate, let market decide what it wants to do as market will figure it out what it wants to do with news. You should be news agnostic and just watch instrument you are trading using tools you are good at Price action, Order Flow , ICT or what ever. #ES_F
Get on right side (Flip) or stay on side line, but don’t fight price.
Toughest for most ppl is getting on right side of the market, they can't let go their bias. Always have plan to flip when things are going other way and if you can't flip then stay on side line until market starts going in your direction but never fight price. Its fight with yourself.
No one can control price or market. Its just probabilities.
Exactly, only thing you can control is when to execute, how to scale out, but you can't control price and no one can either.