Okay everyone, sit down with a cup of coffee, let's talk a bit about trading, about surviving in this market. No theory, no books, just some lessons I've learned from my own blood, money, and painful slaps from the market.
First, you must understand the core: trading is not about getting rich quickly, but about surviving long enough so that when the harvest season comes, you have the strength to successfully harvest the crops. Many people haven't reached the harvest season but their fields are already burned dry, not because they lack setups, but because they are overwhelmed with emotions and lack strategy. I was once like that; now looking back, I have a few insights to share, and whoever finds them relevant can apply them to possibly avoid some painful experiences...
Talking about trading while placing orders every day is really just gambling. The market doesn't always have good setups. A good setup is when you have an advantage, a clear setup, and a worthy risk-reward. If you don't see anything good, staying out is also a position. Don't jump in with FOMO just because someone else posted a winning trade; their winning trade is the result of many losing trades, not magic.
Before each trade, ask yourself: where to enter, where to stop-loss, what’s the take profit, and how much risk in %. If you go all-in on every trade, your account will eventually be wiped out. Capital management is mandatory, not optional. This aspect already filters out who survives and who doesn't in the market.
1 losing trade - okay. 2 losing trades - start slowing down. 3 consecutive losing trades - take a break, go somewhere to clear your mind. Trading based on emotions, trying to recover, revenge trading will automatically lead to losses. The real level lies in psychology, not in any tool or indicator.
Trading with the trend increases your chances of survival. In an uptrend, prioritize long positions; in a downtrend, short. Don't try to catch the bottom or the top. If you catch it right, it's luck; if you miss it, you lose. Let the trend confirm before entering; you can still make 2x-3x in the middle of the trend if you know how to be patient.
Every time you place a trade - whether you win or lose - make a note of it. A trading journal is a mirror reflecting yourself. Learning from yourself is the fastest way to progress. Don't rely on others, because when you lose money, only you bear the consequences.
Sustainable trading is trading with a plan, rules, and knowing when to stop. Just sitting on charts 24/7 doesn't mean you're skilled. Sometimes trading less but with precision can be more profitable. Choose a suitable style: scalp quickly, swing gently, DCA calmly, just don't force yourself into a game you're not familiar with.
Finally, trade like someone who wants to survive, not like a gambler who wants to win. Surviving 1-2 cycles automatically means you have money. If you want to get rich quickly, you'll often... be rich for a moment and poor forever.
I wish you enough clarity - enough persistence - enough discipline to not die before getting rich.
- a guy who was once foolish, once burned, and now chooses to take the big, long road with this market.
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Invite everyone for a morning coffee.