Eight years since I started trading. I really want those who are losing to watch this, Part 4
7. The times when you're feeling off are the times you should not look at social media.
As I always say, SNS is not a place where there is an answer, but a place where hints are scattered.
But right after a loss, every hint seems like an “answer.”
When you see someone asserting an “answer” at such times, you might easily trust it. There is no such thing on SNS. As I mentioned early on, “Trading is a dialogue with yourself.”
If you run away from yourself and hand the answers to others, you have already lost.
The more you lose, the more you reflect on the trade and yourself.
This is important.
8. What matters is not where you enter, but where you don’t enter.
As I said at the start, what a trader needs is the resolution of a “market you don’t understand.”
The more people who become able to win, the better at discarding bad ideas they become.
■ You discard ranges because you don’t understand them. ■ You discard on days of nonfarm payroll data because you don’t understand them. ■ You discard during sharp upswings or downswings because you don’t understand the movement.
The more this “discarding market” increases, the fewer pointless entries there are, and as a result your win rate and profitability rise.
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