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Dropplan replied Aug 31, 2019Don’t think success or failure, think growth.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 30, 2019When people can’t stop themselves from making trading errors, it’s because their primary goal is to make money. They crave it so bad, so they can’t relax and trust their plan.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 29, 2019Mindset management is paramount. Yet people ignore it, forever chasing a non-existing Holy Grail trading system.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 28, 2019In order to be successful, you have to stay in the game. To stay in the game, your focus should be on learning and you have to be willing to pour your heart and soul into it. This is the process.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 27, 2019"Learning to trade changes your life. You acquire a new mental model through which you begin to see and experience the world. Everything becomes a matter of risk to reward, process, good trade/bad trade, etc." -
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 26, 2019A good trade is one where the probabilities are stacked in your favor. And even though the immediate outcome might not be favorable, it's a trade you would be willing and ready to take again in a heartbeat.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 25, 2019Don’t confuse trading consistency with making money every single day/week/month. The consistency is in being able to stick to your positive expectancy trading strategy every single day/week/month.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 24, 2019Keeping your losses small and manageable is exactly what will allow you to recover from them quickly.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 23, 2019Have a plan and keep your thinking to the bare minimum. If you tried to ride a bike by telling yourself exactly what each foot should do, you’d fall. It's the same in trading.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 22, 2019"One day, in retrospect, the years of struggle will strike you as the most beautiful."
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 22, 2019“Good trading is built around “if/then” statements. Bad trading is built around “I think” statements. What you think simply does not matter. The market doesn’t care.”
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 21, 2019If you tend to recoil at the unpleasant to protect your feelings, trading will likely put an enormous amount of stress on you. You need to develop a thicker skin.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 20, 2019Everything happens on its own time. Follow your trade plan and expect nothing more and nothing less.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 19, 2019No matter how motivated, driven and determined you are, once you reap a series of losses, immediately the ego tends to jump in to doubt and debate the reliability of your whole process. Knowing your system's expectancy can help you see it through.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 17, 2019Your trade plan outlines the parameters of success. When followed, it creates structure and consistency, which, in turn, creates predictable outcomes in the long run.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 17, 2019Your trade size should not be too big nor too small. Try to strike a right balance, a place where losses don’t have the power to destabilize you on an emotional level, and yet, where gains are still meaningful. If you can remain within that zone, ...
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 16, 2019Develop a positive state of mind. There is always a reason to smile.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 15, 2019"When in doubt, stay out." In trading, it's not that simple. Sometimes doubt is just an over-sized fear of uncertainty trying to pass as the voice of reason. The best way forward is to refer back to your plan—what does it say you should be doing?
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 15, 2019Relax the neediness, and let the market show you its hands. When you badly want something to happen, it’s very easy to convince yourself that you’re actually seeing what you want to see.
Ratios & Harmonics: a Different Way to Trade
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Dropplan replied Aug 12, 2019In many areas of life, you win by not losing. Hence, people often come into trading with this expectation. And this is why they lose. In this field, you have to risk losing in order to win. It's a choice you need to make and accept with every trade.
Ratios & Harmonics: a Different Way to Trade