Accountant ▪︎ Technical Analyst ▪︎ Crypto/Forex Trader ▪︎ I Advocate Risk Management ▪︎ On the Road to Profitability 👇🏽
Africa
Joined May 2020
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I lost $5,000 of my personal savings trading.
Here's what it thought me about risk
.
.
At that time, I was chasing quick profits, overleveraging, trading every crypto pair, and jumping into setups without a clear plan or structure.
It was all emotion. And emotion plus leverage?
Is letting a trade that's already 4R in profit run all the way back to breakeven, or even hit SL, discipline or greed?
At what point does patience become poor trade management?
I am genuinely curious about how other traders approach this.@probernard_02
Matteo retweeted
FOREX TRADING: THE MARKET DOESN’T REWARD IMPATIENCE! 📊
One mistake many traders make is believing that every market movement presents a trading opportunity.
The truth is, not every movement deserves your money.
Matteo retweeted
Trading is all about these SIX things
1. Study
2. Conviction
3. Decision
4. Trust
5. Experience
6. Mastery
…you will study till you are convinced that why you are studying works based on the data your study gave to you
Your conviction must be able to decide on what it stays with to the very end no matter the ups and down ..your conviction must make decisions of the kind of trade you will take
And you learn to trust your decision..don’t make any other decision after executing the trade except there is a technical reason…
Decision like breakeven,close the trade or add more positions
Series of trust you have placed on your decisions and executions is what gives you the right experience and it is from your experience that your re evaluate if you should continue on that path of refining it or change it entirely
This experience is what lead to mastery
In reality most profitable traders are masters of the game because they are executing their experience
You can be in this game for years and the only experience you have is the experience of unprofitability
Daily ask yourself this question
Am i really in the process?
#copied
Matteo retweeted
Quick one on a small account
1:5R on $XAUUSD
$10K risk 👉 $50k+
Something for the road ...
Might withdraw this and flex y'all this weekend again😮💨
ForeverInProfit 🥂
Matteo retweeted
1/ HOW I APPROACH PROP FIRM CHALLENGES 🎯
Want to pass a prop firm challenge? Let me show you the risk management approach I used to scale my account and secure payouts.
Here’s the strategy. 🧵
2/ UNDERSTAND YOUR DRAWDOWN
Read the rest for comment section👇👇👇👇👇👇👇👇
Scared money really doesn’t make money. The analysis is the easy part, sizing the trade and executing it is what separates those who talk charts from the ones who get paid. I'm still working on that part myself 🤞🏽
I will tell you this for free, Those fancy charts you post everyday will not doing you any good if you don't execute.
Some of you can predict price movements accurately and price goes your way most of the times, But you are scared to execute because you don't want to lose money.
You know alot about trading, all the strategies and all the trading advices , A lot of before and after charts on your page but if you check your 6 months to 1 year Trading history, It's Rubbish❌
Scared money, makes no money, take the risk, accept the risk, Trading is not just about the analysis, It's the Execution that makes you a Trader.
Don't be Knowledgeable and still be broke 🥂
GM BILLIONAIRES
ForeverInProfit🥂
Position sizing is the factor beginners most often underestimate, because even strong edge and discipline collapse when a single trade risks too much capital relative to account size.
Traders, let's talk about risk management.
I'd love to hear your thoughts. Someone learning to trade might benefit from your answer. 👇
What's one thing you think beginners underestimate the most?
Position sizing.
Stop-loss placement.
Risk-to-reward ratio.
Consecutive losing trades.
Emotional decisions after a loss.
