In this post, I share some of my top tweets for the month of August — those that got the most Likes and interactions.
This is Top Tweets For Traders #3.
[Tweet “Top Tweets For Traders #3”]
Confidence is not "This trade will be profitable."
Confidence is "I will be fine if this trade is not profitable."
— Trading Composure (@TradingComposur) August 31, 2018
People are very bad at taking losses. They take it as a blow to their ego when, in fact, they should view it as a learning experience.
— Trading Composure (@TradingComposur) August 31, 2018
If you want results, you have to let go of the results and only focus the process. This is one of the greatest paradoxes there is, and it's the same in trading, meditation, sports, you name it.
— Trading Composure (@TradingComposur) August 31, 2018
Your equity curve is your mirror. You mostly see your own reflection.
▪️ Impatience
▪️ Indecisiveness
▪️ Greed
▪️ Impulsiveness
All gets printed in there.— Trading Composure (@TradingComposur) August 30, 2018
Accepting profits is easy.
But you cannot call yourself a trader unless you accept both profits and losses.— Trading Composure (@TradingComposur) August 30, 2018
Sometimes, you'll feel like you're making one step forward and two steps back.
Don't lose hope. Be patient and keep moving toward the right direction.
▪️ Lessons will eventually sink in.
▪️ Actions will eventually be consistent.
▪️ Gains will eventually compound.— Trading Composure (@TradingComposur) August 29, 2018
The more you understand how much you don't know, the more you understand the necessity to have a trading plan and to trust it.
— Trading Composure (@TradingComposur) August 29, 2018
Stop intellectualizing everything. When you get a valid entry signal, take it. When your stop loss is hit, get out.
— Trading Composure (@TradingComposur) August 28, 2018
If you haven't noticed, trading is mostly waiting. You’ve got to relax, let things happen.
— Trading Composure (@TradingComposur) August 28, 2018
In many areas of life, you often win by not losing. So then, many people come into trading with this mindset.
But in this field, you have to risk losing in order to win. And it's a choice you need to make and accept with every trade.
— Trading Composure (@TradingComposur) August 25, 2018
People don't change by simply being told what to do. They change when they finally accept to change. Sometimes reason gets them there. Often it's pain.
— Trading Composure (@TradingComposur) August 24, 2018
The crowd mentality will have a strong pull on you. You must defy this at all cost, and instead learn to think for yourself, deciding when it's appropriate to follow and when it's not.
To be a trader is to fight for your individuality.
— Trading Composure (@TradingComposur) August 24, 2018
A good trader understands that trading is not a competition against others.
The game is about improving oneself, compared to oneself.— Trading Composure (@TradingComposur) August 24, 2018
If you can trade, not out of a need for money but out of an undying quest for mastery, you'll be amazed by the results.
— Trading Composure (@TradingComposur) August 23, 2018
For beginners —
Have your plan written on paper and place it on your desk.
Every time you're about to make a trading decision, see if it's aligned with that plan.— Trading Composure (@TradingComposur) August 23, 2018
Don’t ever let a loss convince you that you actually ARE the failure!
You're not.
You just had an experience that didn't yield an immediate favorable outcome.
The journey continues…— Trading Composure (@TradingComposur) August 22, 2018
Be obsessed with process, and improvement, not with results.
— Trading Composure (@TradingComposur) August 21, 2018
The most obvious display of trading mastery is when you become strong enough to choose your rules over your ego.
— Trading Composure (@TradingComposur) August 21, 2018
In trading, often what a person needs is not some brilliant mathematically-oriented mind, but just a little bit of common sense, patience, humility, and discernment.
— Trading Composure (@TradingComposur) August 21, 2018
Trading cannot be taught exclusively via books or courses; it must be learned via direct experience.
That's why the consistently profitable traders are, on some level, self-taught.
— Trading Composure (@TradingComposur) August 20, 2018
A moment of blind reactivity can undo months of diligent effort and hard-earned profits. Not even mentioning the emotional spiral that comes along with that.
Do yourself a favor:
▪️ Be careful,
▪️ Stay focused,
▪️ Stay disciplined,
▪️ Follow your plan.— Trading Composure (@TradingComposur) August 20, 2018
You can't control the market. You can only:
1. Identify high-probability opportunities.
2. Manage risk.
3. Train your mind to accept the outcomes of probability-based decisions.— Trading Composure (@TradingComposur) August 18, 2018
You become a good trader via repetition.
Do not expect significant progress overnight. Instead, expect it over time.— Trading Composure (@TradingComposur) August 18, 2018
This is trading —
You fall, you fail, but after some time, you learn. And eventually, you master.Then the newbies watch you from the outside, jaw hanging. Because you make trading look so simple.
— Trading Composure (@TradingComposur) August 18, 2018
Obsessing over the moment-to-moment fluctuations in your PnL increases the likelihood that you will mindlessly override your rules at some point.
Let go. Trust your process.
— Trading Composure (@TradingComposur) August 17, 2018
There are so many traps and pitfalls on your way to consistent profitability. People will tell you to do this and do that, but you yourself have to find your way —a process that makes sense to you, that you can trust and follow through good and bad.
— Trading Composure (@TradingComposur) August 16, 2018
Trading can be easy. The real problem is the worrying, the expectations, delusions, the inability to let go…
For those reasons, it's not.
— Trading Composure (@TradingComposur) August 15, 2018
Resilience 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 best of all: Nobody will be able to take that away from you.
— Trading Composure (@TradingComposur) August 15, 2018
By always being fixated on hitting a daily/weekly/monthly monetary goal, you are raising your levels of stress unnecessarily.
Just accept what the market gives. See how that goes.
— Trading Composure (@TradingComposur) August 14, 2018
As a trader, you will miss a few life-time opportunities. For whatever reason, it will happen.
Don't sweat it.
Keep trading; keep taking your chances. Eventually you'll catch one of them.
— Trading Composure (@TradingComposur) August 14, 2018
I can't state this enough: Learn to meditate.
When you train your mind to focus on something as simple as the breath, it also gives you the discipline to focus on much bigger things and to really tell the difference between what's important and everything else.
— Trading Composure (@TradingComposur) August 14, 2018
Always remind yourself that learning to trade effectively is like learning any other skill.
▪️ There's a method.
▪️ It takes time.
▪️ You have to start small.
▪️ You must be patient.
▪️ You have to want it.— Trading Composure (@TradingComposur) August 13, 2018
When trading, notice your mind's inclination to feel anxious with every tick against your position, or ecstatic with every tick in favor of it.
Pay also attention to the feelings in your body.
This instinctive reaction is what you want to gain awareness of and control.
— Trading Composure (@TradingComposur) August 12, 2018
Trading mastery requires constant learning, engagement, and deliberate practice, often with no immediate rewards, nothing to show but losses.
If you read all the success stories, you'll see that patience, perseverance, and perspective are indispensable qualities to have.
— Trading Composure (@TradingComposur) August 11, 2018
Many traders are seduced by short-term winners and disenchanted by short-term losses.
This is a bad approach…
If you trade a proven system, no single trade should make your mood swing like a pendulum. Your attention should be on the long-term performance of that system.
— Trading Composure (@TradingComposur) August 10, 2018
Positive adjustments in sleep schedule, diet, and exercise (physical and mental) can have a great impact on your decision making process and your ability to see things clearly.
Trading is a game of inches. Don't ignore the little stuff.
— Trading Composure (@TradingComposur) August 10, 2018
Don't make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.
— Trading Composure (@TradingComposur) August 9, 2018
If your plan requires that you do nothing but wait, then do nothing but wait.
— Trading Composure (@TradingComposur) August 8, 2018
When taking a loss, if your first instinct is to feel depressed, or to retaliate, you need to seriously work on yourself.
— Trading Composure (@TradingComposur) August 7, 2018
The more you overthink lost opportunities, the more they haunt you.
Learn to let go.
— Trading Composure (@TradingComposur) August 7, 2018
Good trading is just execution according to a plan. There's nothing else.
— Trading Composure (@TradingComposur) August 6, 2018
Place your trades fearlessly.
Profit or lesson —the outcome is always positive.
— Trading Composure (@TradingComposur) August 3, 2018