It's Saturday...
What did you learn this week?
What will you work towards next in your development?
What will you work to never repeat again?
What would change your perspective on the markets being merely buying or selling "pressures"?
How you been convinced one way or the other? Rigged or free market?
Many people come into this industry only to leave empty-handed.
Some get the feeling, rightly so, that it's rigged against them.
However, they just don't know how it could be. So they leave quietly, never to return. Much like a bad Vegas trip.
The curtain is pulled back now.
As a new card carrying member of the "club"...
We do not take odds against the rigged nature of the markets.
We simply look for the weak hand at the table and run them off and send them packing for that long regretful flight home.
No emotions.
It's just business.
For those who didn't get the Parable Of The Jade Master...
The young man came to the Jade Master with his own idea on how to learn to master Jade.
He was arrogant, impatient, ill prepared to learn properly & quick to interrupt the process of training by the Jade Master...
The Jade Master knew the process of mastering Jade.
He placed real Jade in his hand & encouraged the young man to listen to things that will carve out the Master in him first through patience.
The young man didn't understand the effects of time & experience has & required...
The young man didn't appreciate the wisdom the Jade Master was imparting on him.
When he interrupted rudely, the Jade Master would dismiss him for a week. To realize he is back at square one... by his own actions.
The young man discovered he was learning what real Jade is...
When he felt he had been scammed into doing housework and giving an old man an ear to tell stories to... he was tossed a stone that was not Jade.
He recognized it wasn't real Jade because he had been trained to handle real Jade every day.
Now, like him... you know real Mastery.
You have had the real mechanics of Market Making placed before you, like that piece of Jade the young man held.
You listen to my long boring lectures & my story on my path here.
The arrogant, impatient students do not get what they came for.
Those who submit to the process do.
As you spent time with me, you may not have felt like you were learning.
That is, until, you see another form of market analysis and it will feel like a rock, it might look green... but you now know...
It is not "Jade".
As you were...
- Michael J. Huddleston
sometimes, the market rewards you for doing the wrong thing... and you may suffer for that long enough, because you wouldn't have learnt to trade rightly, and in the right environment.
focus on the process of trading like a monk - a strategic, disciplined, rule based, well-though and laid out actions that leads to mastery in the final analysis.
don't settle for less. do it right.
the mails I get of suicides is alarming. I am facing these realities too.
there's PAIN in this game, and it will never be taken away. it will be your constant traveler till death.
either you sit up and embrace this, or you leave this field to start another.
don't try to bring your family members into this space.
you will most likely regret such action. 95% of traders regret doing so.
stick to your life as a trader. keep your family out of this.
always check high timeframe (monthly, weekly, daily) when things seem confusing on your LTF (4h, 1h, 15m, 5m).
the puzzle gets solved easily by just that single act.
you shouldn't be found shifting your directional bias easily based on intraday (PA) noise. It's been shortsighted.
and your directional bias should come from your weekly, and daily timeframes, preferably the weekly tf.
note that.
october 2020.
give me one reason why you wouldn't join the mentorship next month?
satisfied with your trading game?
you can't be too patient, when looking for the right setups.
sometimes the environment isn't just conducive. what do you do? nothing..
you simply, wait.
no one will teach you this. If you don't learn this now, not to worry, the markets will simply teach you, in a painful way.
trading is not a solution to your money problems because you are the problem.
fix yourself first, then worry about trading.
. rayner teo
what a swell time being on the sidelines..
placing trades right now, equates to gambling.
there is the "when" to place trades.. you don't just get to hit the button at every instance.
learn from one of the best.
don't despise the days of small beginnings. good things come in small packages.
. TD Jakes.
current market conditions in the fx market,
there's a lot of consolidation, and decoupling. avoid.
trading is not easy neither simple. It's hard.
It's difficult. it's very challenging.
wake up and embrace these realities.
you are gonna have to deal with pain all through your life as a trader.
deal with such now, and embrace it.
trading the financial markets is very hard. difficult more so.
If you choose to go through it, you will definitely win one day.
but if you stop, you take away the slightest chance to break free.
the slightest chance.
think about it.
it guarantees you less trades, but you get to preserve financial capital and more importantly, mental capital.
Читать полностью…fiber. 1d.
the very moment where a lot of traders get stuck.
typical textbook manipulation.
clear invalidation.