Mental note as a trader:
- Content creators, YouTubers, and analysts confuse you as a trader. They're interested in creating content and entertaining you, while we traders are interested in making money from the market. We're not aligned.
- In my particular approach to trading, preserving capital is more important than making a profit. You shouldn't be afraid of winning, but you need to find an edge that allows you to control the risk of loss on each trade.
- Find your personal edge in trading. No two traders are alike. Consider your trading style, timeframe, entry system, position management, risk management, position size, objectives, journaling, etc., and avoid external distractions.
My first year of profitability came when I stopped being dazzled by other traders' results, stopped feeling bad when I lost trades, stopped being impatient, stopped letting myself be influenced by other creators, stopped letting myself be influenced by the media and YouTubers, and stopped believing that trading is all about adrenaline and that you always have to win. Believing that will keep you losing.
Forge your own path. Compete against yourself. There's no rush. No one is watching. No one is judging you.
