I’m increasingly liking Twitter as a platform to share ideas. Here are some of my top tweets for the month of September.
This is Top Tweets For Traders #4.
[Tweet “Top Tweets For Traders #4”]
After each trade, you want to review your personal performance.
– How are your execution skills improving compared to your previous trade?
– What impulsive tendency did you curb?
– How can you improve?Trade after trade, fight for that little bit of psychological progress.
— Trading Composure (@TradingComposur) September 30, 2018
You'll be a more effective trader if you're not desperate for money.
— Trading Composure (@TradingComposur) September 29, 2018
Behavioral consistency, not technical knowledge, separates the pro-traders from the amateurs.
— Trading Composure (@TradingComposur) September 28, 2018
Stop practicing what you don’t want to become.
— Trading Composure (@TradingComposur) September 28, 2018
Money is nothing but a way to keep track of your progress toward self-actualization and freedom.
— Trading Composure (@TradingComposur) September 27, 2018
You cannot manufacture consistency if you are completely undisciplined.
Sort yourself out.— Trading Composure (@TradingComposur) September 26, 2018
People tend to fear failure, so much so that it prevents them from actually being successful. Because, to be successful, you have to risk failing.
— Trading Composure (@TradingComposur) September 26, 2018
Be your own psychologist —if you cannot understand why you repeat the same trading errors despite your better judgment, look at the consequences and infer the underlying motivation. Address the issue at the root level.
— Trading Composure (@TradingComposur) September 24, 2018
Trading is a tough business. But if you want it, go get it. Work as hard as you possibly can. Develop some skills, an expertise, and see what happens.
— Trading Composure (@TradingComposur) September 22, 2018
There are some things in life that you can't learn unless you are fully committed.
Trading is one of those things.— Trading Composure (@TradingComposur) September 21, 2018
Stop trying to avoid losses. You can’t! Instead make sure they don’t get out of hand. And then, work on maximizing your profits.
— Trading Composure (@TradingComposur) September 21, 2018
The two greatest mental skills of the Pro-trader are patience and non-attachment.
— Trading Composure (@TradingComposur) September 21, 2018
Growth is what makes life interesting, and it comes from doing the hard stuff.
— Trading Composure (@TradingComposur) September 20, 2018
“Trading is very competitive and you have to be able to handle getting your butt kicked.”
~ Paul Tudor Jones
— Trading Composure (@TradingComposur) September 18, 2018
It all starts and ends in the mind. The most crucial skill is how you think.
— Trading Composure (@TradingComposur) September 19, 2018
One of the most overlooked difference between a winning trader and a losing trader is gratitude. When you allow gratitude to flow into your life, mistakes and setbacks don’t have the same meaning.
— Trading Composure (@TradingComposur) September 19, 2018
"The trouble with the rat race is that even if you win you're still a rat."
~ Lily Tomlin
— Trading Composure (@TradingComposur) September 18, 2018
Trading mastery should be viewed as a journey, not an event. Breakthroughs are always the result of sustained and consistent efforts.
— Trading Composure (@TradingComposur) September 17, 2018
Avoid making this game a right or wrong thing. Whatever temporary satisfaction you get from being right will almost certainly be met by an equal or greater opposite reaction when you're wrong.
Strive to remain neutral.
— Trading Composure (@TradingComposur) September 15, 2018
Traders who are on the right side of the market today may turn out to be on the wrong side tomorrow.
Remain open minded, never complacent, always vigilant.
— Trading Composure (@TradingComposur) September 15, 2018
Missing what could have been a highly profitable trade is only painful if you run after it in your mind.
Learn what needs to be learned. Let it go, and wait for the next opportunity. There'll always be another one.
— Trading Composure (@TradingComposur) September 14, 2018
"My name is Consistency, I am related to Success. We should hang out more often than every once in a while."
~ Kim Garst
— Trading Composure (@TradingComposur) September 14, 2018
Most trading errors come from a lack of patience and a compulsion 'to do something' when nothing is needed to be done.
— Trading Composure (@TradingComposur) September 13, 2018
Promising to yourself that you'll find the good in every situation, as hard as it might seem, that's an amazing attitude to have in life. As you approach trading armed with this mindset, nothing bad can ever happen to you.
— Trading Composure (@TradingComposur) September 12, 2018
In trading, you'll rarely magically turn into an overnight success.
You must do lots of little things meticulously and consistently.
Then, eventually, success will show up.— Trading Composure (@TradingComposur) September 11, 2018
To excel in a field like trading, you need to unlearn a lot of what society has taught you about failure, happiness, perfection, and the meaning of hard work.
— Trading Composure (@TradingComposur) September 11, 2018
In this business, if you can find a way to be consistent in your behavior, the money will eventually take care of itself.
— Trading Composure (@TradingComposur) September 11, 2018
The market likes to exhibit a false sense of certainty. It makes you think you know what's going to happen next by making you right a couple of times. But then, when you lower your guard it hits you right in the face.
— Trading Composure (@TradingComposur) September 10, 2018
The act of trading only takes a few seconds but requires a great amount of presence, focus and discipline. So what you do during the waiting time matters a lot.
Are you rehearsing things that'll make you screw up?
Or,
Are you emptying your mind & reminding yourself of your plan?— Trading Composure (@TradingComposur) September 9, 2018
Everything is a matter of habit, even discipline itself. The more you practice it, the easier it gets.
— Trading Composure (@TradingComposur) September 8, 2018
Vow not to focus on making money but to learn a set of money-making skills.
— Trading Composure (@TradingComposur) September 6, 2018
If you want trading to be a truly fulfilling experience instead of being something that plays with your moods and consistently wears you down, you have to begin implementing mindset management techniques into your everyday routine.
This is key!
— Trading Composure (@TradingComposur) September 6, 2018
If you're in the grip of strong emotions, you will screw up at some point.
What helps,
▪️ Trade small
▪️ Make sure you understand your system and what you're looking for in the market
▪️ Understand probabilities
▪️ Practice mindfulness— Trading Composure (@TradingComposur) September 6, 2018
If you're a beginner, trading micro sizes will help you learn what you need to learn in live trading, while keeping strong emotions in check.
Don't act prematurely —you will have plenty of time to increase your size when you're a competent trader.
— Trading Composure (@TradingComposur) September 5, 2018
You'll make better decisions if you're not desperate for money.
— Trading Composure (@TradingComposur) September 5, 2018
A Healthier approach to trading in 5 easy steps:
1. Follow your plan.
2. Focus on process, not outcome.
3. Work smart (limit screen time, use contingent orders, etc.)
4. Worry less; think positive.
5. Exercise and meditate daily.— Trading Composure (@TradingComposur) September 4, 2018
Never let a winning trade go to your head, or a losing trade to your heart.
— Trading Composure (@TradingComposur) September 4, 2018
Lifelong students of the market will do very well in the long-term. Get rich quick prospectors will sooner or later leave the game broke.
— Trading Composure (@TradingComposur) September 3, 2018
Your mind is everything! It is far more important than looks, wealth, or fame. It determines how you feel, think, what you do, and how you experience life.
Don't take it for granted. Feed it with knowledge. Teach it patience, focus, discipline, virtue, perspective, and wisdom.
— Trading Composure (@TradingComposur) September 3, 2018
A good trader is someone who:
▪️ Is rigid with his plan
▪️ Doesn't force trades
▪️ Manages risk
▪️ Is flexible with his expectations
▪️ Thinks in probabilities
▪️ Cultivates perspective
▪️ Doesn't focus on money
▪️ Focuses on his process
▪️ Manages his emotions— Trading Composure (@TradingComposur) September 3, 2018
The point is not to avoid trading losses but to go through them with stability of mind.
— Trading Composure (@TradingComposur) September 2, 2018