IchimokuDoc πŸ† Profile picture
I trade & teach Ichimoku. BNF of #crypto. Tweets are my own & for education only; not investment advice. DYOR. Patience paysπŸ‘ˆ #bitcoin #btc $btc #altseason
17 Nov
Six Characteristics of Successful Traders

I've seen traders succeed in very different markets, over very different time frames, and with very different strategies. Here are common elements I've noticed among the most successful traders:
1. Capacity for Sustained Focus - Quite simply, the successful ones process more information--and sustain the search for unique information--better than their peers. This enables them to see what others do not;
2. Originality and Creativity - I have never met a successful trader who traded in the ways that trading texts describe. There is always something unique to the successful trader, and very often it's looking at unique information or looking at common information in unique ways;
Read 8 tweets
17 Aug
Teaching Moment πŸ€“

How to Overcome the 4 Fears of Trading

What are the 4 fears?

- Fear of loss
- Fear of missing out (FOMO)
- Fear of letting a profit turn into a loss
- Feat of being wrong
We must commit to the Fundamental 5 Truths of Trading:

1. Anything can happen.

2. You don’t need to know what is going to happen next to make money.

3. There is a random distribution between wins & losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.

5. Every moment in the market is unique.
Read 6 tweets