1/x 🧠 Master the Trading Mindset 🧠

A beginner's thread on building a structure for the development of an agile and disciplined mind & body.

It's not every answer, it's a road map πŸ—ΊοΈ
2/x - All great changes require 3 key ingredients

1⃣Honesty - you must be willing to examine yourself

2⃣Attentional Control - you must be focused on key factors that increase performance

3⃣Open-Mindedness - you must be flexible in your beliefs, especially strongly held
3/x - Realize what game you're playing

⏱️ You can't measure the path to success in trading with a stopwatch, get out your calendar.

You must play the long game and bring patience & resilience along for the ride. Disregard the overnight successes fantasy.

Mastery takes years.
4/x - Self-Actualization = the fulfillment of your full potential.

For traders, we'll adjust the "hierarchy of needs" that Maslow proposed.

Unlike the social factors on potential, trading is a war between yourself & your weaknesses so I'll make some adjustments.
5/x - Let's begin with the Physiological

The first things I get into with any client is their sleep, food, exercise & life balance, etc

Sleep - you must place a priority on good sleep hygiene, optimal brain performance and emotional regulation require a restful sleep. Tips πŸ‘‡
6/x - Fueling the brain for optimal performance

Food - steer clear of sugary drinks and juices and other processed foods. Move toward healthy fats, proteins, and eat close to nature.

I would add quality eggs, grass-fed meats, organ meats, bison, beef, venison, etc to the list
7/x Get outside

Exercise is essential, it not only increases well-being but also enhances brain function.

In fact, getting out in nature has been shown to increase BDNF. Brain-Derived Neurotrophic Factor substantially.

Get on routines you enjoy for the long haul!
8/x Safety- Next step on the Hierarchy of Needs

This is a huge topic so I will break it into 3:

1⃣Your risk situation
2⃣Your emotional fitness
3⃣Your technical experience
9/x - 1⃣Your risk situation

-Are you in a position where you have the capital to risk?
-If you blew your account, would you (your family) be ok?
-Do you handle risk in a healthy way? (addictive)

Honesty can save you a lot of pain here. Ensure you have a healthy risk situation.
10/x 2⃣ Emotional Fitness

-Do your decisions make it impossible to trade effectively?
-Are you terrified while holding a winner or to close a loser?
-Are you self-destructive when you make mistakes?

If yes, keep reading. You'll need to address these to get to self-actualization
11/x 3⃣ Your Technical Experience

-Do you understand the fundamentals of risk management?
-Can you safely navigate the market?
-Do you know how to write a daily plan?

It's not about knowing everything, it's about attentional focus on the right things.
12/x Last bit on Safety

Financial management and emotional management are the keys to safety.

We must ensure we have a healthy cushion and take appropriate risks with the knowledge that learning to trade will take time. Keep this in mind before handing in your resignation.
13/x πŸ’‘Love & Belonging

One thing we can lose really quickly in trading is the social element. That's the biggest benefit to fintwit.

We must also maintain our relationships outside of the cipher. We must grow our loving relationships that give life meaning & a "why"
14/x Esteem - Confidence πŸ’ͺ

Most of us get mangled by the market. Confidence can come and go, but we have to always bring it back.

Fostering discipline and a heavy focus on building healthy decision-making can increase your odds of success dramatically. cont'd
15/x Decision Making

Start by researching ways to use visualizations to create better habits and flip the script with the repetitive poor decision-making process. It doesn't happen overnight but you can change.

(or just DM me if you're really struggling)
16/x Discipline

Everyone wants discipline, few are willing to do disciplined things. I learn this every time I ask a client to journal their trades and their emotional volatility.

You must set boundaries on behaviors that cause you pain and instead guide you toward pleasure.
17/x Respect of Others

We are social creatures, we always want to be the best, sound the smartest, get picked first - it's natural.

Be yourself and it will take a lot of the pressure off you and you'll never feel like a fraud or failure.

You'll fuck up, but own the process.
18/x Self Actualization

Mastery of these elements and the questions make it easier to find your way and find your place in the market.

Peak performance will come, profitability will come, but it won't come easy.

Nothing ever does.
19/x to be continued

We have to know the game we are playing and be honest with ourselves about what this process entails.

Resilience requires we stay in the game without self-destruction. Most give up along the way - and that's probably for the best if unwilling to change.
I'll continue adding to this thread with more specific elements on our emotions, decision making, clearing biases, and a number of other topics but I wanted to get this out there for now. 🧠

β€’ β€’ β€’

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More from @livingrightco

23 Nov
$NQ - I think I'll keep posting the NQ plan for a few more days, it's been fun to share and I hope some have found it helpful ✌️

Best of luck tonight/tomorrow
$QQQ #NQ_F $NDX ImageImageImage
"Below the spike low and 16366, I would look for shorts down to 16330, 16293. Buyers should defend 16277.75-16260." Image
again. Image
Read 5 tweets
17 Sep
$ES I get a lot of DMs asking where I get the zones/levels that I share. Here's a large hint, develop and make it your own.

Current 50 pt multiday balance.

Segment and add on extensions that act as breakout targets.

Find confluence with past/future balance levels.

6+ balance zones go into creating the chart I share with the zones which highlight confluence, some over 1 year old.

Start with this one and start looking for balance zones to build your own levels.

The beauty is its simplicity.
I originally learned the power of the balance area and the subsequent extensions from my dear friend and ninja trader @Reveretrading @PrivatePRT

Using lessons I learned from him I was able to develop some semblance of an edge around these areas.
Read 6 tweets
4 Aug 20
@Reveretrading Thanks PR, hope you hit 'em straight yesterday. πŸŒοΈβ€β™‚οΈLooking like we tested and (so far held) the two ETH highs around 73 from last week.
@Reveretrading Seeing some big selling around 3290 (shocked face)
@Reveretrading 11070 πŸ‘€
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