Cidiq (@cidiq) • Hey
Farm
Publications
- Trading paradox:
The more you stop thinking about money,
The more you improve your execution.
- Trading is crazy.
There's no other business where you can compound and/or lose money so fast.
If it were easy, everyone would do it.
- Trading is crazy.
There's no other business where you can compound and/or lose money so fast.
If it were easy, everyone would do it.
- If you're not a successful trader yet, focus on:
1 system.
Fixed rules.
Fixed risk per trade.
365 days of practice.
Trade. Trade. Trade.
Build discipline.
Build confidence.
Your trading will never be the same.
- 3-5 years of failures...
Then 1 win.
Then 1 system.
Then experience 100x all your skills.
That's trading.
- Stop being a slave of your emotions.
Plan.
Trade.
Repeat.
If you win, stay calm.
If you lose, stay calm.
100% ready on the next trading opportunity.
- 90% lose because they change trading system after 5-10-100 losses.
10% win because they focus on one trading system for life.
- Study your charts.
Study your system.
Study your emotions.
Trade your system.
Never forget that 95% of information is in your trading charts.
- It's crazy how powerful you can become with just an horizontal line.
Trading is not rocket science.
- 99% of traders after 1 trade:
\- Excitement after a win
\- Depression after a loss
99% of traders after 1000+ trades:
\- Nothing after a win
\- Nothing after a loss
Trading shapes your emotions.
- If you can stay calm after a loss you are a confident trader.
Or crazy.
- Stop taking random trades.
Sometimes, not taking trades is better than taking trades.
100% focus on your system.
- Every loss can be recovered.
Every mistake can be corrected.
Every failure can be overcome.
Don't stop.
- Trading systems are not enough.
Risk management is always the most underrated trading skill.
Emotion control is the ability to control your skills.
Trading systems are useless if you can't execute them.
- Taking a loss instead of breaking your trading rules is always a sign of maturity.
- Wait.
Wait.
Wait.
If you have to wait 1-2 days for a setup, just wait.
Follow your system.
Follow your rules.
FOMO out.
- Avoid:
- FOMO
- Greed
- Self-doubt
Build:
- Confidence
- Consistency
- Self-discipline
Plan. Write. Show up. Take action.
Stop wasting time.
- In the end,
Financial freedom is the final stage of trading.
- Plan.
Execute.
No emotions.
Become addicted to trade like a robot.
- Advise for new traders:
Focus on 1 trading system.
Changing system every day is the fastest way to trading failure.
- Amateur traders see candlesticks.
Successful traders see liquidity.
- If you are scared of losing money,
You will never become a successful trader.
- A trader who is addicted to repetition is a disciplined trader.
More actions.
More consistency.
More growth.
A disciplined trader will become a successful trader.
100%.
- Your chances of success increase every day you show up.
- Please
Don't take every trade like a life or death game.
Less gambling.
More thinking in probabilities.
- 99% of traders want better trading skills.
Only a few can do it:
Patience = Meditation
Execution = Live trading
Confidence = Backtesting
Discipline = Following plans
Experience = Overcoming failures
Consistency = Discipline + Confidence + Execution
You can do it.
- Successful traders are disciplined traders.
A common mistake is breaking your rules for a quick profit or because you think you can't lose.
Indiscipline kills traders careers.
- Stop getting angry for a missed opportunity.
Just get prepared for the next one.
- 1 year of focused hard work can dramatically change your life forever.
Don't stop showing up.
- After 3-4 years,
You realize that trading is impossible to explain to non-traders.
- In trading,
If you want to make money,
Stop focusing on money.
Focus on:
- Risk
- Execution
- Following rules
- Consistency
Money will follow.
- No FOMO.
No overtrading.
No revenge trading.
No one becomes a successful trader without learning to wait for your trades.
- Trading is a lifestyle.
- Trading is a reflection of yourself
Typically if you're greedy or have FOMO in your trading, you have those traits in life 🤷♂️
- Trading discipline:
The ability to trade like a robot.
Trade your system. Win/Lose. Repeat.
- You should always start small with real money.
The first target is to stay in the game!
- People usually give up.
Traders usually give up.
Don't follow this unsuccessful pattern.
- You're in this trading game to make money, not to be right.
It's always good to remember this.
- You need a clear trading plan.
You need to know EXACTLY when you break your trading rules.
- Remove the possibility of big losses!
- No one is coming to save you.
No boss.
No paycheck.
You're alone.
That's why most traders fail.
- You should know the reason you're trading!
- You are 1 trade away from changing your life.
- You know it'll take years till you master your 'regular' job.
You want to succeed in trading business in a few weeks, max months...
What's wrong?
- Your trading confidence will grow with the time.
Show up every day and stay in the game.
- One trading system is enough!
- Stop being addicted to breaking your trading rules.
- Never forget:
The final goal of every trader is freedom.
- If you're afraid during a trade,
You are risking too much or you lack confidence.
Act accordingly.
- You need 3-5 years:
- To develop a trading system
- To master your own emotions
- To develop valuable skills (confidence, discipline, etc.)
Trading is a journey.
Never forget.