Trading Composure

If a past loss is still troubling you, this means that you haven't made peace with it. You haven't analyzed the event in detail and freed yourself from its grasp. And now you're carrying it around like baggage and letting it determine how you place/manage your current trade.

Never rest on your laurels. If bad days have passed, so will good days. Always be ready and diligent, and discerning.

You may follow your plan to a T, but you can never be sure if your efforts will pay in the short-term. This is the epitome of trading.

When you're overly emotional in a particular situation, or when your behavior lacks consistency, it's your mind's way of saying "Give me more of this situation, so that I can learn to master myself."

Cutting losses and doing it in a rational way is an important life skill.

You want to trade in a way that you can trade again tomorrow, and the day after that... and so on. This means one thing and one thing only: Risk control!

Humans are fallible. Even the Pros make decisions they deem stupid in hindsight. Amateurs: - Beat themselves up - Let emotions spiral out of control - Make more stupid trades Pros: - Acknowledge their mistake - Keep a playful attitude - Re-focus - Maintain stability of mind

Even though we want trading to give us freedom (financial or otherwise), the act of trading is anything but freedom. It's about restraint and doing what is right instead of what's comfortable and easy

When you’re patient, you’re keenly noticing when there’s an opportunity for something to happen and when there isn’t. You drop the need to create action on your own terms and you only respond to the action in a systematic way whenever it appears.

Impatience is you trying to force things to happen by thinking them, more strongly or more often, without paying very much attention to where things actually are at.

Meditation is training for self-discipline. Over and again, when you come back to your breath with strong determination, you are training your mind to be steady and consistent so that you can begin to display such qualities when the stakes are high ―in the market, for example.

Market success has a lot to do with how you handle adversity and how disciplined you can remain in the face of that adversity. And the shorter your time-frame, the truer this is.

“The man who moves a mountain begins by carrying away small stones.” ― Confucius

Circumstances may change, but with a positive attitude, you'll make the best of any situation.

Your unmanaged emotions will hijack the way you perceive price action.

If impatience and emotional reactivity is a common thread in your life, this will be your main challenge to overcome as a trader. You will have to make it your life purpose to get this a little bit more under control.

You don’t have to agree with everything I share and you can express that disagreement. I will still tip if that comment is thoughtful and written in a way that brings people together. That is all. Thank you.

Until @Twitter implements a micro-tipping option (which it will soon), I will be using the XRPtipbot (hashtag #xrptipbot ) Your micro-tips can be accumulated and cashed out at any point. Just Google xrptipbot to find out how. (Not an endorsement for any product or service)

But, what I do try to do is keep the tone positive, so as to inspire people and lift them up. And I want to do more. If your comments on my tweets are written in proper English and help illuminate people’s path, I will either retweet or micro-tip you to show my appreciation.

That said, I try to tweet things that may be outside of your perspective; things that make you reflect on how you’re currently doing things. Nothing I share is unique or groundbreaking. There is nothing that I tweet that hasn’t already been said by others long before me.