Profile picture
Trading composure @yvanbyeajee
, 13 tweets, 1 min read Read on Twitter
You never want to give the market the power to make you act like a cornered animal.

Yet there are a few things that people do that virtually guarantee that they'll end up behaving this way.
1. Not having a system.
2. Not having a plan to implement that system.
3. Having a plan but choosing to disregard it.
4. Trading with position sizes that one can't handle psychologically.
5. Not understanding probabilities and the inevitability of losses.
6. The "I need money so bad" mindset.
7. The "I need to be right" mindset.
8. Checking your trades and PnL 20x a day.
9. Not having a journal and not learning from your mistakes.
10. Letting a string of winning trades go to your head.
11. Letting a string of losing trades go to your heart.
12. Dismissing mindset management techniques and practices, and thinking you're above that.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Trading composure
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @yvanbyeajee see all

Profile picture
Thoughts On Current Market Conditions –A Thread.

In my opinion, traders need to clearly understand what market condition they want to trade and specialize in.
On a strategic level, it doesn't really matter since a simple adjustment in position size can help prevent dramatic fluctuations in one's equity curve.

But on a psychological level, market condition is a parameter worth considering.
I see this all the time: Traders initially make money in tranquil markets, but then, the tide begins shifting and they become emotive. Volatility gets to their head, and they start catching falling knives or holding on to losses.

This is not a way to approach trading.
Read 5 tweets
Profile picture
14 SIGNS YOU'RE A GOOD TRADER — A THREAD

1./ You are an independent thinker.
2./ Rather than succumbing to your emotions, you manage them skillfully, which helps you make wiser choices in trading.
3./ Mistakes, although sometimes uncomfortable, make you deeply inquisitive and hungry for improvement.
Read 15 tweets
Profile picture
1./ I've recently been offered a full-time job at a trading/investment firm which would have me supervise a group of traders, helping them maintain stability of mind, advising them, and monitoring their performance.
2./ Sounds super cool but after sleeping on it, I decided to kindly decline the offer. To me, self-employment is true freedom even though it comes with a caveat: Uncertainty.
3./ Most people fantasize about the idea of self-employment but they hate uncertainty and would rather work for someone else because of the safety net. They like the order, comfort, and consistency of a time-clock-punching job.
Read 5 tweets

Related threads

Profile picture
People in crypto need more Sowell

His insight between constrained & unconstrained visions underlies the main differences between BTC and other cryptocurrencies

BTC represents ideas of the American Revolution. Other CC's represent the French revolution..

Constrained vision sees evils as derived from inherent limits to choices. The unconstrained sees evils as institutional failures

Inequality for ex:

Constrained vision sees hierarchies as inherent. Unconstrained posits better institutions would lead to equality of outcome
The scaling debate is the best example in crypto

BTCers believe there are inherent limits to how many transactions can go on chain for a new monetary currency

Whereas other chains believe this limit is a failure of innovation and better coders can create infinite L1 scalability
Read 12 tweets
Profile picture
It seems to me to be an odd sort of thing how TW who admit to being male and sincerely listen to women are appreciated and enfolded into something like a sisterhood, while those who insist they’re women and that people who don’t think so are bigots end up soundly rejected.
It’s almost as if, I don’t know, many philosophers weren’t kidding when they pointed out the the world we experience is a mirror of what we put out into it.

If we listen and love and stand on truth, those around us listen to us and love us back.
Bigots do exist. But you can be sure that if you find yourself calling several different people a bigot every day, that you’re not in real danger of having actually met one.

Calling a bigot a bigot to their face typically gets your ass beat, and usually what do is try to vanish
Read 23 tweets
Profile picture
So.

Time for something a little different, and an idea I’ve been toying with—a look at how #transphobes try to frame their narrative within a claim that they are only “concerned” about trans people existing.

I think it’s safe to say that every trans person in the...

1/n
community who isn’t a #transphobic arserag can now spot whenever the usual #hate groups and individuals deploy their dog-whistles to denigrate trans people, especially trans women, but it is all too easy to forget that for the average cis person with no experience of...

2/n
this the comments and phrases that #transphobes come out with can come across as bizarre, or non-sequiturs, or even occasionally even reasonable. That person, because they have no experience of this, doesn’t see those comments as the attacks they are, and so can’t...

3/n
Read 56 tweets
Profile picture
This is scary shit. Read this tweet carefully. He's setting the stage for violence against protestors & a crackdown on the left & freedom to protest itself. He's claiming we're "too dangerous to govern." We're one "Reichstag fire" away from true dictatorship.
I mean, think about it. If you're "too dangerous to govern," what does that mean? It means you fall outside the bounds of acceptable & legal, and something must be done to contain & control you for the safety of society. He's putting this language out there intentionally.
I don't think most of us are grasping how truly precarious democracy in America is right now. We keep playing along by norms & rules while GOP are burning democracy to the ground. The window to preventing a descent into fascism is closing.
Read 34 tweets
Profile picture
Yeah... it’s kinda the worst to refer someone for a job only to get feedback that they, um, couldn’t name recent books + any the publisher has published 😭😩

Never give anyone an easy reason to say no!
There are like some *really* basic things you should know going into an interview:

Who is interviewing you. Call or email and find out.
...You need to know who they are, their role within the company, and books they’ve edited, etc.
The company. Not just their name (Obvi) but you need to know things like is this particular imprint trying to grow a certain area? Is it an area you have skills in?

Unpopular opinion: it’s OK if you don’t have those specific skills. You need to know that BEFORE the interview
Read 34 tweets
Profile picture
pickpocket ◍ yoonkook text au

Jungkook is a pickpocket and one day, he steals Yoongi's phone.
warnings will be added as story progresses. for now, beware of lots of swearing.
this will be a semi-interactive au, because of this i cannot promise updates will be daily. thank you for reading, i hope you enjoy!
Read 342 tweets

Trending hashtags

#culture #national #contempt #LWTSummit #state #guilty #debates #Russians #justified #USA #Evangelical #socialists #objects #Moses #safety #defeat #tragic #homophobia #Transforms #politicians #revenge #marginalise #learning #prosecution #Rust2018

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!