Ever felt a certain way, or void of motivation, and then suddenly you hear a song that pumps u up, and out of nowhere u feel like conquering everything? That's a HUGE clue. write that song down. find out WHY it pumps u up. then try to find other songs that have a similar effect
Then create a playlist full of those songs and call it "Morning Motivation".
Reserve that playlist for the morning only. if u play it all day long eventually the songs will get boring and will lose their effect on ur mood.
When a song stops having that effect on u, remove it.
This is just an example of how something as SIMPLE as music can set the tune for your entire day. We take the simple things for granted. We're so quick to hop on pills or caffeine or medication to fix our issues when sometimes all we need is a song, an image, a quote etc.
U can make a 1 ton horse change directions by simply turning its neck in the direction u want him to go
Humans are the same.Our emotions dictate our performance. So if u can control ur mood, u can stir urself in whichever direction u wanna go. never forget this. #BearTipOfTheDay
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Each time u look at your PNL during a trading session (doesnt matter if it's red, or green), which part of your brain automatically activates, becomes hyperactive, and pulls bloodflow/oxygen away from other brain regions, leading to an increase in impulsive behavior.
In layman terms, it is the part of ur brain responsible for fight or flight related emotions such as fear, aggression/anger etc. It is MUCH more powerful than ur frontal cortex (the part that keeps u logical, disciplined )
The 2 parts are always engaged in a tug of war for dominance.
When the amygdala (emotional you) activates, ur prefrontal cortex (logical you) weakens, & vice versa.
Both cannot be in total control at the same time, & since the amygdala is much older & primitive, it is STRONGER
Every time I discuss the importance of tracking data/setups etc, the next question is usually "what should I track".
My response, EVERYTHING. You cant discover which factors are reliable, and which are meaningless, unless you track EVERY variable and then look for correlations.
This image is a quick example of what ur data tracking sheet should look like, at the bare minimum. When I first started this journey yrs ago (mastery of alldayfaders), I obviously had a FUCK ton more columns, but this is just a quick prototype to give u an idea of where to start
I then tracked every, single, runner.
I repeat:
every,
single,
runner.
ZERO exceptions.
For every stock, i wanted to know all its metrics (fundamentals, technicals, sentiment), and how each metric affected its subsequent performance (all day fade, squeeze, or chopfest).
1R is just your max loss per trade. It should be no more than 1-5% of your account (depending on how big or small ur acct is, and how aggressive u wanna be).
It should also be an amount that u are COMFORTABLE with losing, to prevent tilt and revenge trading.
As a baby, u learn to walk by falling several times. Every time u fall, u get better and better at walking. ur brain makes adjustments, ur coordination improves etc, BECAUSE of the constant falling. But if babies got badly injured each time they fell, they'd NEVER learn to walk
Trading is no different. u master trading by FAILING over & over again. And as long as each fall (loss) isnt disastrous, u will slowly adapt & get better & better. But if each fall (loss) is HUGE, like 99% of fucking traders trade, u will NEVER have enough time or $ left to adapt
Decided to start off the day by answering DMs in the morning instead of in the afternoon/evening as usual (b/c i most likely wont have time to do it once I enter this Turkey induced food coma that's coming up), and this message really hit home. So I'll devote a small thread to it
First off, yes, there is such a thing as "a personality for trading". But it is very tricky because as I pointed out before, the personality traits that attracts most of us to trading are the exact opposite of what you need to survive ONCE you're in. What do I mean by that?
For example. Most of us came to trading because:
1) we are ultra competitive
2) we wanted to get rich quick
3) we were rebels who hated following rules (ie: having to listen to a boss, or getting a 'normal' career like the rest of society etc.)
I also dont wanna hear stupid ass questions like "when is it gonna top out".
I dont know and I dont care.
My goal as always is to keep buying calls on weakness (when shorts are stuck) & puts when longs are fucked.
As long as someone is in pain, there is ALWAYS a trade.
As far as today goes, we already gapped up huge so ill be much more cautious on the long side until we get a pull and some profit taking. Way too risky to chase weeklies this high (premiums will get wrecked at the slightest pull)
I wasn't always disciplined. I was a hardcore video game addict. Dropped out of college 3 times to stay home and play call of duty for 12+ hours a day. Things didnt change until I got sick of it and created a daily routine. Sounds simple but I owe EVERYTHING to my daily routine.
By nature i'm a VERY impulsive person. I do what i want, when I want. So without a daily routine to keep me in check, I'm all over the place, at the mercy of my mood or emotions. You cant get anywhere in life if you let your mood or emotions dictate what you're gonna do each day.
So I told myself "if I can just do SMALL things each day, EVERY day, those will add up over time".
So every day (even to this day) I wake up and just follow my daily routine checklist. Things that optimize my body, mind, finances, relationships etc. I just go down the list bro.