Scribd Logo
Upload

Welcome to Scribd!

  • My Mantra

    Uploaded by

    api-64388769
    12 views1 page
    1) The document outlines the author's mantra and mindset for successful trading, which includes having discipline, accepting risk, and acting on defined edges without hesitation. 2) Key principles that make the author a consistent winner are objectively defining edges, predefining risk on every trade, accepting risk completely, paying themselves as the market allows, and continually monitoring for errors. 3) The author understands that in trading, anything can happen, an edge only indicates higher probability not certainty, wins and losses are randomly distributed, and every moment in the market is unique.

    Original Description:

    Original Title

    Untitled

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    1) The document outlines the author's mantra and mindset for successful trading, which includes having discipline, accepting risk, and acting on defined edges without hesitation. 2) Key principles that make the author a consistent winner are objectively defining edges, predefining risk on every trade, accepting risk completely, paying themselves as the market allows, and continually monitoring for errors. 3) The author understands that in trading, anything can happen, an edge only indicates higher probability not certainty, wins and losses are randomly distributed, and every moment in the market is unique.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    12 views1 page

    My Mantra

    Uploaded by

    api-64388769
    1) The document outlines the author's mantra and mindset for successful trading, which includes having discipline, accepting risk, and acting on defined edges without hesitation. 2) Key principles that make the author a consistent winner are objectively defining edges, predefining risk on every trade, accepting risk completely, paying themselves as the market allows, and continually monitoring for errors. 3) The author understands that in trading, anything can happen, an edge only indicates higher probability not certainty, wins and losses are randomly distributed, and every moment in the market is unique.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    MY MANTRA

    I am happy and I feel good. I am a consistent succesfull trader. I AM THE CASINO, not the gambler. I
    am excited and I am looking forward to the possibilites today. I am a person who has great
    discipline. I know what I am looking for. I have a faith im my trading plan. I have a faith in price action
    and technical analyis. I am an objective trader, so there is no potential for me to define, interpet and
    therefore precieve any market information from either a painful or euphoric perspective. I keep my
    expectation neutral and I always take the unknown forces into consideration. (anything can happen
    in any time= every moment in the market is unque). When I put on a trade, all I expect is that
    something will happen. I totally accept the risk of every trade so I am in peace with any outcome.
    Mistakes simply point the way where I need to focus my efforts to grow and improve myself. For me
    truth is: whatever works in relation what I try to accomplish @ any given time.

    I am a consistent winner because:

    1. I objectively define my edges


    2. I predefine the risk of every trade
    3. I completely accept the risk,
    4. I act on my edges without reservation or hesitation
    5. I pay myself as market makes money available to me (The market pays me for not being
    stupid)
    6. I continually monitor my susceptibility for making errors
    7. I understand the the absolute neccisity of these principles of consistent succes and thereofre
    I never violate them

    I understand and belive that:

    Probabilistic mindset pertaining to trading consist of 5 fundamental truths

    1. Anything can happen


    2. I don’t need to know what is going to happen next in order to make money
    3. There is a random distribution between wins and losses for any given set of variables that
    define my edge
    4. An edge is nothing more than an indication of a higher prbability of thing happen over
    another
    5. Every moment in the market is unique.

    Trading is the greatest job on Earth. Trading gives me the freedom, but also lot of responsibilites. I
    take care for myself and for my trades too. I feel blessed to be fortunate enough to have the
    opportunity to do this... be grateful to those who helps you to live your dreams.

    You might also like