Main Idea Thread - The NEW R.I.C.H. Trader (formerly R.I.C.H. Crypto)

Product Discussion
#204

I feel that I’ve actually lost all passion for the idea of making money. “I’d rather lay here and enjoy life even if I don’t have as much rather than working every day on some project.”. The idea of making money or starting a business is something I tried over and over and I feel beat down. I want to be happy. And free. Now… can you make rich into a sub that will manifest cash like it does now but stronger while also manifesting options that are offered to us to make fat cash with least amount of wok put in? Like literally getting promotions or offers to work somewhere for doing nothing. Or getting offered a deal that is really really gooood for us with least amounts of time and work put in from us. Maybe investment opportunity. Fund opportunity. Court win opportunity. People writing their things in our name. Or finding a gig that makes us good passive income and it suits the fact that we want to do it once and not every day. I see people out there who seemed to have been very fortunate and truly got the most out of very little work put in and now they are online all day buying watches and stupid shit like money doesn’t even mean much anymore to them. And I know they haven’t grinded hard. They jus walked a pretty convenient path with some level of action. And now they are done. In their 20s too. Can we keep rich as this “manifestation” leaning title still? I’m too tired to listen to “let’s go grind now” wealth titles. I gag at the idea by now. We can manifest crazy things. I’d rather put my chances there rather than becoming the guy who grinded for 10 years to be independent and he’s still asking on forums how others did it. I’m literally lazy guys. Fuck grind I want fat money. I want my uncle to tell me he knows a guy and then appear on some job that gives me 20 000 to be there per month hahaha. The ridiculous income in ridiculous circumstances.

Also I like that rich wasn’t a purely trading title and that you guys made a separate one for crypto and trading more. Cause not everyone thinks trading is for them.

3 Likes
#205

What you’re saying is true, but I believe we need to spend more time studying the charts to become truly profitable. With enough screen time, you’ll start seeing trading more like a game.

The same setups repeat themselves and work about 90% of the time but just like in a video game, the more you play, the better you get.

The mindset shift is needed too

1 Like
#206

It’s confirmed Rich Trader will have some stuff for “Winning mindset” if you check my original message SaintSovereign replied to :wink:

Maybe that can be expanded on with “Identity of a winner” or “Champion’s identity”… Who knows!

1 Like
#207

I am sorry to say, and I hope it reaches the subliminal creators of this great title.

But the majority of traders have absolutely no idea what is actually “needed to become profitable “ I myself have been trading for 10 years and still unprofitable. And when it comes to day trading, I actually do not know what is needed from me to become profitable, I tried everything I can to the best of my ability, from reading countless books, spending countless hours infront of the chart, even coding custom indicators and bot. But nothing worked.

I hope the creator of this sub take advise from people who actually made it, who are actually in fact profitable.

3 Likes
#208

Great idea, I will be very happy to listen to life changing ideas.

We are already a small community here with great tools. If we come together as small trader community perhaps we can all get there. Financially.

#209

I understand your frustration; I’ve been through some tough times too. I truly believe that creators will delve into making the best choices, after all, they have consultants and professionals in the field, Coaching, NLP, psychologists, etc…

I even took a break, because the longer the title takes to launch, the more news and technologies we’ll have behind it!

Now, regarding trading, have you tried making one or at most two trades per day? Let me explain something simple: when moving averages cross on the 15-minute chart (M15), you observe it on the 5-minute chart (M5) and enter with the 1-minute chart (M1). Without having to think too much, just visualize it and place the stop button in a location where you feel comfortable.

The idea is to minimize noise as much as possible and do something simple without forcing the mind to project or expect it to reach its goal.

1 Like
#210

Who do you think would be a great source of info on how to be profitable?

I have in mind : Tom Hougard, Mark Douglas.

I trust both of these to give me trading lessons.

Also, I am in medium close contact with successful traders, they are not on instagram, they are not selling anything, they are not writing books. They just trade and low-key enjoy life. Key terminology here, low key, they don’t want to have people after them. Both of them say approximatly the same, psychology is king. Whatever your strategy is, you have to master yourself because your state of mind gets projected on the chart.

If your mind is messy, you will see a messy chart.

You see what’s in your mind. Same with a guy who thinks he is the least attractive man on the planet, he will miss all the signs of interest woman could be sending to him just because he believes he’s not attractive, his brain will adjust his perception to fits his beliefs!

4 Likes
#211

One thing about being in the UK thats frustrating is that the laws are strict for things like trading bots. I remember running stage 4 vibes and after persistently backtesting strategies on trading view, then found out i couldn’t do it :confused:

2 Likes
#212

A trading bot will need constant adjustment to meet ever-changing market conditions. Unless you have solid technical skills in manual trading it would be rather difficult to program a bot profitably.

#213

for certain ones like grid bots yes

#214

(post deleted by author)

1 Like
#215

I have to chime in here about Mark Douglas, especially “Trading In The Zone” which is a book that virtually everyone recommends. I’m never popular by saying this but even Mark Douglas himself said the last couple of years before he passed that he was writing a new book because “Trading In The Zone” didn’t teach you HOW to overcome your problems. And if you read it, it doesn’t. lt tells you WHY and in detail but never gets into the HOW.

I bought the book when it was fairly new and after finishing it I was asking myself, “but great, where are the lessons, exercises, etc to overcome the problems?” It’s not to put Mark down at all, he was good, but the book was still fairly early in the trading psychology movement.

I highly recommend spending the time and watch these two series of Mark Douglas Seminars/Programs he did just a couple of years before he passed.

They are fairly poor quality as far as video but well worth watching and studying. If you can actually find the DVD’s they can be fairly expensive. These seminars get to the meat of what he taught to his private clients and what his “New” book was going to get into. Unfortunately he passed away and the book wasn’t finished.

5 Likes
#216

Niice, yes Mark Douglas, Trading in the zone, which I’ve listened too 3 times is basically a compilation of good trading habits. But it’s a very good point that he doesn’t go into details regarding the how!

1 Like
#217

I have been expanding on that “Winner’s mindset” in my mind this weekend.

I think that’s why RT also have to have good support for all around good trading as I presented in my earlier “recap” post.

In the long run, a winner’s mindset is embodyed.

The studying, the learning, etc. as seen in limitless, beyond limitless and I guess ASBR to some extent.

The risk taking and instinct feeling as seen in Primal (no idea why, but I notice Primal tends to be involved in my stack when I’m in a winning streak, correlation maybe?) - maybe Khan and Beast Unleashed. Look at this study here : Testosterone levels predict City traders’ profitability | University of Cambridge
This could explain why Primal seems to help me with trading, both way Winning <–> Risk Taking, which is influenced by testosterone, but winning and taking risk also boost T. The association with risk and testosterone is found in both male and female, so the hormone seems to have the same effect in the body for everyone.

Then, the focus, discipline, mental resilience (emotionnal management) is also part of developping that winner’s mindset. If your emotionnal state goes crazy, even if you think you are a winner, your judgment will be clouded, you’ll see chart in a way that support what you want to see, probably by greed and you’ll lose some solid money. The goal here is to balance the risk taking (being ready to take risk) with an unbiased and focused analysis that is compeltely neutral, not affected by what you want the market to look like. - Think Hero Origin’s mastery also is something I wanted to add. I think the module Stillmind was made from it, but it’s only part of it.

Rich Trader needs to cover it all! Helps the user build a solid structure and that structure will also support all the winner’s identity, as well as the flow of money being manifested.

Whether you want to succeed in business, sports or trading, the skills, routine and emotionnal management will all be part of building that success, RT needs to support all of that.

EDIT : @SaintSovereign Your latest reply in the main thread is a good example of how emotions and beliefs can influence interpretation of facts into different meanings.

I know you have high interest for linguistic, so I thought of this example to show how a trader needs to be neutral to make good decisions and be clear minded, especially in high pressure situation.

Like one’s interpretation of words is biased by their beliefs and emotions, one’s interpretation of a trading chart is also biased by their beliefs and emotions.

Apologies @Judoka for putting you on the spot, I might have interpreted your comment too matter of factly. I just found it was a perfect example to illustrate what I was explaining in this thread, using a topic SaintSovereign enjoy.

2 Likes
#218

Wow, thank you for mentioning this.

I’ve recently increased my testosterone, and now with your words, it makes perfect sense. I can move forward, have more appetite for risk, entering with more determination, discipline, and accepting the result.

I believe this is fundamental; it helps with performance and makes you more lucid in the present moment.

It would be incredible if I had this support!

GAINS#

1 Like
#219

Comfort with risk leads to less stress, better decision making and overall more money.

The researchers hypothesized that too high test could make one take waaaay too much risk hahaha

So Rich Trader should have part focus on risk taking.