A man found an eagle’s egg and put it in a nest of a barnyard hen.

The eaglet hatched with the brood of chicks and grew up with them.

All his life the eagle did what the barnyard chicks did, thinking he was a barnyard chicken.
He scratched the earth for worms and insects.

He clucked and cackled. And he would thrash his wings and fly a few feet into the air.

Years passed and the eagle grew very old. One day he saw a magnificent bird above him in the cloudless sky. neighbour
It glided in graceful majesty among the powerful wind currents, with scarcely a beat of its strong golden wings.

The old eagle looked up in awe.

“Who’s that?” he asked.

“That’s the eagle, the king of the birds,” said his neighbor. “He belongs to the sky.
We belong to the earth—we’re chickens.” So the eagle lived and died a chicken, for that’s what he thought he was.

Astonishing right?

Most people don't know what they are capable of achieving and they limit themselves to what others have to say about their capabilities.
The story was from the book Awareness.

Start doing, stop looking for shortcuts, and you will reach the destination.

#Motivation

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More from @Traderknight007

13 Dec
The four stages of markets-

1. Accumulation
2. Markup
3. Distribution
4. Decline

Thread-
1. Accumulation phase-

This phase starts after the completion of a downtrend.

In this phase the furious selling activity of downtrend comes to a rest.

During this phase there is a gradual shift from sellers to a more neutral environment . Image
Institutions starts to show interest in stock, Because they can not buy the stock in one time ;they buy it slowly over a long period of time.

Sometimes it takes years for a stock to come out of this phase.
Read 15 tweets
12 Dec
Patience , A quality needed to be successful in markets.

But when the real capital is put at risk, The patience goes for a toss.

Thread on Why Emotions overtakes patience -
1. Mindsets-

Decisions are taken by either the Higher mind (Frontal lobe) or the Fear based mind .

When decisions are informed by our higher mind, they are more likely to lead to positive outcomes. decisions driven by survival instincts from the past can hold us back.
Primitive mindsets are characterized by a feeling of urgency, high stakes, rigidity, and repetitiveness.

The moment that real capital is put at risk in trading, everything changes ,Trading goes from a logical exercise to a game of emotions.
Read 14 tweets
11 Dec
Why 90% of the traders even after winning 90% of the times gives it back to the markets?

Has this ever happened to you, That you are up 10% on the month and you feel crazy, but the next morning you give it all back to the markets?

What Causes You to Give It All Back?

Thread- Image
1. Euphoria-

It is the state of mind in which we can not perceive risk, In state of euphoria nothing can go wrong.

So when you are in this state of mind, you feel invincible and there is nothing in the world which can stop you from making money. Image
That’s why when most of the traders after a winning streak put a Huge position and then Boom, all the luck goes for a toss.

Think about it why most of the traders loose big money when the market starts to go in bear mode from bullish mode, because
Read 10 tweets
8 Dec
"Start your Trading day with a fresh and empty mind."

Ever faced stress and strong emotions after having loss day and under-performance for a long time after that?

Thread on Emotion and how to control them with help of trading journal
Poker players calls it TILT.

Tilt is pretty much any reason for you to trade sub-optimally.

Greed and fear are tilts in trading.

When normally you have a stressful day (not in trading) and you go to bed with a bad mood, the next day you wake up fine without much stress .
So where did the emotion go?

The brain absorbs and digests all the emotions.

But, when you have a big emotional and loss day , and then a sleepless night, the brain cant digest those emotions as easily.
Read 9 tweets
7 Dec
Position sizing is most important aspect of system development, which makes a big difference in your returns.

Thread on Position sizing strategies-
Money management is not any of the following-

• It does not tell you how much you will lose on a trade.
• It does not tell you when to exit.
• It is not risk control.
• It is not risk avoidance.
What is Position sizing-

1. Position sizing is that par of your trading system that answers the question "HOW MUCH" throughout the course of the trade,

• It tells you how big a position you should have at a given time when you are in a trade.
Read 18 tweets
6 Dec
Richard dennis made "$80 Million " in 1986. That kind of money making put him squarely at the center of Wall Street .

How Richard dennis became one of the greatest trend follower of all time.

Thread-👇👇👇
1. Personality-

Though he made big profits in the year of 1986, but Profits and risk comes hand in hand.

He was down $10 million in a single day that year before bouncing back, a rollercoaster ride that would have made mere mortals lose serious sleep.
Yet Dennis cockily said that he slept like a baby during all that volatility.

His money making style was to go for the home runs and swing for the fences,But dennis was never a gambler.
Read 24 tweets

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