I like to use Twitter as a medium to think out loud on trading or life in general. I write in all good faith, to share some insights and hard-learned lessons.
Sometimes, the tweets turn out good, but sometimes not so much. I always feel it’s difficult to make sense in 280 characters (the maximum allowed), yet, paradoxically, I like the platform precisely for that reason – it’s simple and straight to the point.
Sharing is a win-win situation —one tweet at a time, I aspire to help you improve your trading, as well as live a better life… more peaceful and at ease with everything. But sharing also helps me gather knowledge, synthesize and consolidate it, and anchor it in my own mind.
In this post, I share some of my top tweets for the month — those that got the most Likes and interactions. And from now on, I’ll try to remember to do that once every month.
So this is Top Tweets For Traders #1.
Hopefully, those tweets help you find wisdom and think more deeply about trading; about the market; about life, and about the circumstances you find yourself in.
[Tweet “Top Tweets For Traders #1”]
Lifelong students of the market will do very well in the long-term. Get rich quick prospectors will leave the game broke, sooner or later.
— Trading Composure (@TradingComposur) May 29, 2018
Good traders, just like good chess players, are strategists.
— Trading Composure (@TradingComposur) May 29, 2018
Teach your kids trading/investing from an early age. Help them understand concepts like:
▪️Risk to reward
▪️Compounding
▪️Risk management
▪️Strategic manoeuveringAnd help them practice and refine such knowledge. They'll thank you later.
— Trading Composure (@TradingComposur) June 2, 2018
You missed a trade? Frustration comes when we want things to be different from how they are.
Don't waste your time in fantasies and what could have been.
Just relax and wait for the next trade opportunity. There'll always be one.
— Trading Composure (@TradingComposur) June 13, 2018
We never pause and appreciate what we have.
▪️When sick, we want health.
▪️When healthy, we want wealth.
▪️When wealthy, we want time.Every goal we achieve points to a new one. There's never an end to it. And that's what makes us perpetually dissatisfied.
— Trading Composure (@TradingComposur) June 9, 2018
The trading journey is akin to going to college/university for 2-3 years to learn something and get a diploma so that you can land a job that pays well.
It’s the same thing, only that most people have it backward: They want the money before even having developed the skills.
— Trading Composure (@TradingComposur) June 17, 2018
When a trade is working for you, the tendency is to become excited.
But excitement invites attachment —retracements (even minor ones) against your position will tend to have a greater effect on your mental state.Which will leave you vulnerable to trading errors.
So, calm down.
— Trading Composure (@TradingComposur) June 12, 2018
Rule of thumb:
Whenever there is conflict between your rules and your feelings, always choose your rules.
Feelings are always changing and unreliable. But rules are not. If you follow them, they'll gift you with consistency.— Trading Composure (@TradingComposur) June 4, 2018
You could make consistent money just by following a set of rules, without ever having to use your intellect.
Most of the time it's your thinking that gets you into trouble.
— Trading Composure (@TradingComposur) June 16, 2018
Perseverance is key. Do what you have to do to stay in the game long-term.
In due time, you'll be able to:
▪️Trade and understand the market like no one
▪️Trade with size
▪️Turn small accounts into big accountsAnd nobody will be able to take that away from you.
— Trading Composure (@TradingComposur) June 17, 2018
Think of trading, not as a job, or an obligation, but as a game that you wish to play and become good at.
Let yourself be playful.
With such a change in perspective, you will see the possibilities open up.
— Trading Composure (@TradingComposur) June 17, 2018
There is a difference between knowing how to trade and using that knowledge to actually trade the way you should be trading.
In other words, there's a big difference between knowing and doing.
— Trading Composure (@TradingComposur) June 15, 2018
Winning trade, losing trade, whatever it is in the short-term, let it go.
Think long-term.
Focus on your process.
— Trading Composure (@TradingComposur) June 13, 2018
Losses are part of the process.
You can't make an omelette without breaking eggs.— Trading Composure (@TradingComposur) June 8, 2018
Losses are evidence that you're trying.
Let yourself be playful.
This game is all about taking your chances, time and time again, while never experiencing a loss in confidence or enthusiasm.
— Trading Composure (@TradingComposur) June 6, 2018
On the path to mastery, failure is your teacher.
— Trading Composure (@TradingComposur) June 5, 2018
The mind of the new trader is often cluttered with some get rich quick nonsense that they must eventually come to unlearn in order to learn something real.
— Trading Composure (@TradingComposur) June 1, 2018
In trading, the hustling is done before market hours. And the waiting, during.
— Trading Composure (@TradingComposur) May 31, 2018