Jesse Gemi

HOW TO DISCIPLINE IN TRADING?

After a few years in the market, we learn from east to west, find and build a trading system that suits ourselves, and have 3-5 years of real trading experience to accumulate "battle psychology" then in order to earn sustainable money in this market, we must "TRADE WITH A VOLUME THAT SUITS OURSELVES", because when we "TRADE WITH A VOLUME THAT SUITS OURSELVES" we will naturally discipline ourselves easily, no longer have the desire to enter trades, no longer be fomo, no longer DCA when in loss, no longer blow accounts, no longer fear when in profit, no longer panic or fear when the market fluctuates strongly, or no longer be excited when winning big, no longer frequently check the screen for trades that are in profit or loss => AT THIS POINT, we solve the problem of "HOW TO DISCIPLINE".
"SO TO BE DISCIPLINED, WE MUST TRADE WITH A VOLUME THAT SUITS OUR PERSONAL FINANCIAL POSITION"
SO HOW TO FIND A VOLUME THAT SUITS OURSELVES, we must test it, for example, if previously we had a stop loss of $200 per trade and still had the behavior of "constantly checking our phone" then this volume is not suitable for us, we gradually lower it down to $100, $50, $30, $20, 10$ , reduce it to the volume where when we enter trades we no longer have the behavior of "checking our phone for trades that are in profit or loss" then this volume is "SUITABLE VOLUME FOR US". Then continue trading that volume for a long time to test our behavior/emotions, if still over-trading then gradually lower it down to find our correct VOLUME.
Wishing you find a VOLUME THAT SUITS YOURSELF.

#tradingtips #jessegemi

You can win with some altcoins, but you can't beat the market all the time.

"Don't let yourself get caught up in the short-term fluctuations of the market" - Jesse Livermore

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A major mistake that every trader makes is the urge to get rich in a short time.

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STOP OVERTHINKING AND BE MORE RELAXED WITH OTHERS.

In life, let's reduce our calculations with others, be less strict with ourselves, and in trading, we should also stop nitpicking entry points by each pip, each candle... then we will naturally feel more at ease and find it easier to trade. The market will also be less tense for us, and we will no longer feel like the market is 'harassing' us, but rather like we are 'going along' with it.
There was a time when I, like many others, always wanted to catch the entire wave, from the bottom to the top, not missing a single pip. But later I understood: no one can catch the entire wave forever; pushing too hard will lead to failure.
Especially right after making a big win, having a significant profit, one starts to regret small trades. "If only I had entered with a larger volume, I would have made 2x or 3x by now..." That very thought is when we begin to overthink with the market.
Many think that if they have 100k, they will earn several tens of thousands of dollars each month, totaling 400-500 million a month, which sounds good in theory, but in practice, it is very different. Even if one can earn, they will quickly lose it back. Why? Because they do not have the skill to manage that 100k account.
In reality, the market pays you based on your ability, mindset, experience, and capital at that time, just like when you go to work: as a staff member, you receive a staff salary at the end of the month; as a manager, you should receive a salary higher than that of the staff member. If you are a staff member asking for a manager's salary, how can the 'market boss' accommodate that? The profits you achieve must align with your ability, mindset, and financial position.

In trading, failure to adhere to capital management and one's own carelessness can put the whole family under a bridge, so brothers should determine before depositing money into this financial game, to ascertain that this amount of money, IF LOST, will not affect their outside life, then play; otherwise, if it affects outside life, then brothers are putting themselves in a "dead end".

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Study the failures of others to reflect on yourself

You will see many, not only in trading but also in our outside lives, that those who fail often exhibit certain behaviors, emotions, actions, and personalities. Write them down, for example: a hot-tempered personality, being careless in everything, engaging in quick profits without considering the long term, always prioritizing personal gain before others, starting something with enthusiasm but then losing motivation over time, promises that are quickly forgotten, complaining about exhaustion after only a little effort, speaking ill of the boss, speaking ill of colleagues, always in a victim mindset of a situation and ready to switch to blaming others when issues arise. Reflect if you have such behaviors; this is the external side of your life.
So, think about whether your characteristics and traits in trading are okay: are you still experiencing FOMO, do you still look at others' wallets, are you still excessively greedy trying to recover losses from previous trades, are you still overly confident in yourself, are you still afraid to enter trades when the market sets up the right entry for you, do you still place too much hope on a single trade to define your success, do you still judge and criticize others' analyses, do you still hope when a trade is losing or feel fear when holding onto profits, do you still cling to the right/wrong (binary) nature of each trade?

#tradingtips

IRRESISTIBLE URGE IN TRADING

In trading, there is a very familiar feeling that everyone has experienced, which is the state of: "irresistible urge".
It is not a clear setup signal.
It is not the plan that you have laid out.
It simply is... the feeling that you must enter a trade immediately.
"Because I think this is a golden opportunity, rare, if I don't enter now, I will miss a sure win opportunity within reach, entering at this moment is no longer in my trading system, and along with that, there is no stop loss, high volume, no capital management, and a thought like a nail in my head that says 'this trade will win'.
This irresistible urge comes from FOMO (fear of missing out), from greed, from the fear of falling behind, the fear of not having any more opportunities in the future, so at that moment, your mind is no longer clear, you are trading based on emotions and it leads to a series of mistakes such as DCA to break even, revenge trading, the result is what you probably already know, blowing the account is a given.
So when you have this emotional state of "IRRESISTIBLE URGE" repeating while you trade, take a 5-second pause to ask yourself: Is this entry based on my system or my emotions? Start checking the checklist of entry conditions to see if they are met; if they are, it means you are trading within your system, so it’s okay to enter the trade. If not, it means you are being led by emotions, at this point, turn off the machine, close the app, go outside, and repeat this process gradually, then you will cure this issue, and from there, your trading journey will have a significant leap in terms of mindset and emotions.

#tradingtips

When unable to determine the entry point
The only way is to go with the flow
That is to trade in the direction of the main trend of larger time frames H4 or D1
Wait for the price to retrace to the SUPPORT / RESISTANCE AREAS of the larger time frames
Then open smaller time frames to find the entry points
And cut losses, take profits according to the smaller time frame to optimize
That is the way to follow the crowd, going with the trend of the market,
The crowd can be foolish, but never go against it

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Many people often think that to invest effectively, one must constantly keep an eye on the market, but in reality, it doesn't have to be that way. The market sometimes requires waiting; there aren't always clear opportunities to place trades. What's important is to be patient and wait for the right conditions to appear. Forcing oneself to trade continuously not only causes fatigue but also negatively impacts health and life. Instead of chasing the quantity of trades, focus on the quality of each trade.

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Don't just think about making money,
think about trading well.
The most important thing about trading well,
is following what you have planned.

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The feeling of "freedom" in investing arises when you are confident in your decisions, not influenced by outside opinions. Many investors often get lost by advice from forums or communities, causing them to forget that they can build their own strategy.

Take time to think for yourself, review personal plans without seeking validation from others. When you no longer pay attention to external judgments, you will truly feel the "freedom" in trading.

It is important not to let society dictate what you should do. Stay committed to your personal goals. Once you overcome the fear of solitude and start to enjoy it, you will find your own path in investing, freedom, and stability.

#forex #trading #tradingtips

In life and the trading journey, everything is up to ourselves.
Karma is not a story of luck or circumstances,
but the result of our decisions and actions.
When trading, don't blame the market or the platform for killing your trades.
You are the one who decides to buy or sell a currency pair or any trading pair.
If you enter the market with a subjective mindset,
without any specific plan,
or unrealistic expectations that this trade will win,
then you are only harming yourself.
Prepare thoroughly, understand the rules of the game,
and assess your trading abilities before putting in your money.

#tradingtips

The market is created by the buying and selling behavior of each individual
Buying and selling behavior is formed by the trading psychology of each person
Trading psychology is created by 2 main emotions: greed and fear of each of us
Greed and fear are inherent in every human being
And human nature never changes, so the market tends to repeat similar patterns
Therefore, rely on your own psychology and market psychology to avoid overly bought or sold areas of the market when participating in trading.

#trading

"Failure is a very effective educational lesson for traders. You learn very little from victories; it is the losses that teach you lessons you may remember for a lifetime. And as long as you do not make the same mistake twice, you will always have the opportunity to improve."

- Jesse Livemore -

Ralph Waldo Emerson once said that in life, you get what you give. If you want to have more, you must contribute more in both quality and quantity. This is also true in financial trading. Many people only look at the profits of others without seeing what they have invested: time, effort, learning, and capital. Before wishing for success, ask yourself if you are ready to pay a high enough price? Success has no shortcuts; it is the result of hard work and investment. When you have developed enough in knowledge and finance, the results will come to you.

#trading #forex

Why Haven't You Escaped the Losing Phase?

1. Main Reasons
We often find ourselves losing the profits we have just made in trades. Why does this happen and how can we fix it? Below are some reasons and ways you can take action to build a successful trading method.

2. Irrationality in Trading
Irrational Decisions: In stressful trading situations, we are prone to making irrational decisions. When the market moves contrary to our expectations, many traders tend to jump back into trading immediately to try to recover losses.
Pain from Losing Money: When we lose money, the emotional pain is often stronger than the joy of making a profit. This leads us to be more inclined to "hold onto losses" rather than "hold onto profits."
Pressure from Losing Money: People often feel more disappointed when trades fail, which might be due to trading with money they are afraid to lose or the desperation of not having profits yet. The pain of losing money drives us to seek ways to "make up for it," a flawed perspective since there is no way to compensate for losses.

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THE POWER OF THE FINANCIAL MARKET
This market, frankly speaking, is not suitable for everyone... When you win, somewhere out there, someone else is losing.
This trading profession is highly personal, as each person's nature will distort the reality of the market in their own way. Specifically, each individual with different levels of greed, hatred, and delusion will encounter different obstacles, frequently making various trading mistakes, and may succeed or fail; results may come early or late...
Facing a constantly fluctuating market, prices rise or fall due to supply and demand, yet people hope it goes according to their wishes and get attached to it. If it aligns with their wishes, they are happy; if not, they are sad, with many crying and some laughing.
Even when earning the same profit, people can still feel differently; for example, someone using account 100$ will feel happy earning 10$ , while someone else may feel uncomfortable if they are trading an account of $1,000.
Clearly, the feelings of happiness or sadness here depend on each of our attitudes, as different likes, dislikes, and expectations conflict with the actual results.
We rarely see that the troubles in trading are actually troubles coming from within ourselves, while the market is merely an external condition affecting us.
The ego only differs on the surface; when going deep inside, everything is exactly the same.
The market never forgives anyone who does not know what they are doing.

#tradingtips