tl;dr
Prioritize flow when trading
Have strong prefrontal/executive control
Avoid overtrading
Stay focused and present in the moment
Preserve your capital
Keep each trade independent from the last
An emphasis on Trading Psychology is a must.
I’m currently running two customs: One of which is a Godlike Masculinity + Emperor Executive sub, whilebthe second features Genesis: Mogul with an emphasis on Marketweaver.
The last three days have been a trader’s dream emotionally: I was detached from outcome, feeling present and in the flow, and my reads were near flawless. My winrate was 100% eight trades in a row, and my emotions remained level.
I was up beautifully! That is, until the trader’s dream fell victim to the trader’s mistake. I told myself ‘I’m done for the day, I am satisfied with this outcome’, only to fall victim to ‘just one more trade won’t hurt’.
The trade came at the tail end of an undetected hubris that had developed. I had a stop-loss in place, but it was further than I should have had it since I wanted the move to reverse in my favor so badly. I was struggling to cut the trade because I had built an attachmenet around the previous series of trades. Needless to say, a bad trade is like a magic eraser.
My main takeaway was this: Retail traders should aim to trade like the whales, at least psychologically. The whale knows its impact on the markets is significant, so it enters and manages its trades with strong conviction and less stress than a fish. The whale manages risks, and goes with the flow of the ocean, rather than trying to swim against the current. The whale has control and strength, and if we, as retail traders, swim alongside the whale we are less likely to be consumed by it. The whale also knows when to sleep and call it quits for the session, win or lose.
The element of water is intrinsic to the markets: The focus is liquidity, so move like the behemoths of the ocean - completely at home in the flow.
