– people think to get better at something, you need to do more of it. but sometimes trading is to get better, by doing less. counter intuitive.
– don’t trade so much or you might miss the big one
– sometimes setups don’t turn up and sometimes they do but it doesn’t work = probability, so you need to stick to your rules. try not to get involved in everything unless you have an entry signal
– rarely trades first 30mins of the day, wait until the squeeze and then joins the backside
– something can’t be A+ if there’s no liquidity
– if it’s B, use less shares
– the more you do, the more mistakes you make
– we deal with randomness so losses will happen. don’t try to avoid losses. even A+ can be stopped out. that’s fine. you can give a shot later when it sets up again.
– you can size in more when you move your risk down, it’ll still be the same $400 risk
– sometimes people focus too much on being green, and then take shitty covers just to be green. but it’s okay to have a red day, red week, if you’re improving and striving to do better
– accept that losing is part of the game
– data collecting is only good if you use and extract the info and execute it
Cheers guys!
great MWSS, thanks Sam, Emil !
– people think to get better at something, you need to do more of it. but sometimes trading is to get better, by doing less. counter intuitive.
– don’t trade so much or you might miss the big one
– sometimes setups don’t turn up and sometimes they do but it doesn’t work = probability, so you need to stick to your rules. try not to get involved in everything unless you have an entry signal
– rarely trades first 30mins of the day, wait until the squeeze and then joins the backside
– something can’t be A+ if there’s no liquidity
– if it’s B, use less shares
– the more you do, the more mistakes you make
– we deal with randomness so losses will happen. don’t try to avoid losses. even A+ can be stopped out. that’s fine. you can give a shot later when it sets up again.
– you can size in more when you move your risk down, it’ll still be the same $400 risk
– sometimes people focus too much on being green, and then take shitty covers just to be green. but it’s okay to have a red day, red week, if you’re improving and striving to do better
– accept that losing is part of the game
– data collecting is only good if you use and extract the info and execute it