Great read! The idea that trading is about perfect setups rather than perfect timing is a game changer. How do you personally manage the tension between waiting for ideal conditions and seizing opportunities in real time? Would love to hear your approach.
Thank you Liminal! I keep two journals for two different trading styles, one systematic and one discretionary. So far, both have been profitable, and this approach satisfies both sides of me.
I’m a learn-by-doing type of guy. For example, in my early days, I had a large account where I strictly followed my system, and a small $2,000 account where I would take the dumbest trades, FOMO, impulsive decisions, you name it. I blew up that kind of accounts multiple times, and honestly, it was one of the best learning experiences. It taught me that there’s absolutely no edge in gambling.
That is one of my top 4 book recommendations. It really helps people identify what type of trader they can be. And that there is more than 1 way to dice an onion.
Great read! The idea that trading is about perfect setups rather than perfect timing is a game changer. How do you personally manage the tension between waiting for ideal conditions and seizing opportunities in real time? Would love to hear your approach.
Thank you Liminal! I keep two journals for two different trading styles, one systematic and one discretionary. So far, both have been profitable, and this approach satisfies both sides of me.
I’m a learn-by-doing type of guy. For example, in my early days, I had a large account where I strictly followed my system, and a small $2,000 account where I would take the dumbest trades, FOMO, impulsive decisions, you name it. I blew up that kind of accounts multiple times, and honestly, it was one of the best learning experiences. It taught me that there’s absolutely no edge in gambling.
Hope this helps!
Powerful writing
Thank you!!
👍🏻
That is one of my top 4 book recommendations. It really helps people identify what type of trader they can be. And that there is more than 1 way to dice an onion.
Well said!!