DOPE FOREX

DOPE FOREX PSYCHOLOGY TRADER || RISK MANAGEMENT || I TRADE TO WIN || I'M AN INFLUENCER.

24/07/2024

Study your charts.

Study your trades.

Study your emotions.

Over and over again.

That's how you improve your trading.

23/07/2024

Trading improves your life.

Life improves your trading.

1) Discipline

- Show up every day
- Follow plans / routines
- Develop healthy habits

2) Confidence

- Run / lift weights
- Set goals and reach them
- Invest in yourself

3) Patience

- Read
- Write
- Meditate

Don't waste your time.

Every day counts.

Every hour counts.

Don't stop becoming a better trader.

22/07/2024

Trading life is fast.

You win 1 trade.

You lose 1 trade.

You have 1 streak of wins.

You have 1 streak of losses.

You fail.

You overcome failures.

There's no time to cry on losses, mistakes and failures.

Trade. Get better. Get successful.

18/07/2024

Trading maturity is when you realize the real enemy is not the market.

The enemy is fear that steals your money.

The enemy is greed that steals your money.

The enemy is self-doubt that sabotages your trades.

Trading is you vs you.

Every day.

17/07/2024

Some days, customers would come early

Some days, customers would come late

Some days, customers would not come at all

Some days, customers would come and you'd sell to them at a price lower than the cost price.

Some days, you would buy a product from the wholesaler at high price, whereas price of product is still going lower due to massive supply and zero monopoly (everyone now sells what you bought at high price). Thereby making you take a loss.

How do you approach all these?

Yours is to open shop everyday, and keep to your operation time!

You won't force any customer to come.

You'd only prepare yourself to receive them.

When they finally come, you attend to them!

**************
Customers = Setups.
Attend = Execute.
Prepare = Anticipate

This To CFD Traders too treat as a Business
#

17/07/2024

Losses destroy 99% of traders:

1 loss and they get angry.

2-3 losses and they change system.

10-20 losses and they give up.

You will always have losses.



They are costs of business.

17/07/2024

Trade.

Invest.

Compound money.

$100 today will be $1,000 tomorrow.

$1,000 today will be $10,000 tomorrow.

$10,000 today will be $100,000 tomorrow.

Consistency is the key to trading success.

16/07/2024

Worrying about the results is meaningless.
All you can do is prepare dice in your favor and keep rolling them.
Even if one result is a loss, or if losses continue, there's no problem.
The problem is if you change or meddle with the dice.

Consistency is key

Goodnight😴

16/07/2024

1 setup

50% WR

1:1.5 RRR

1000 trades

$100 risk per trade (put your risk)

$75,000 in profits

$50,000 in losses

$25,000 in net gains

But 90% of traders want 100% WR and 1:5 RRR.

But 90% of traders want to become millionaires in 30 days.

That's why they'll never win.

16/07/2024

You will never have a perfect trade.

You will always leave money on the table.

Perfection doesn't exist in trading.

Trade.

Win/Lose.

Repeat.

11/07/2024

It's not an emotional problem but a matter of your thoughts and understanding.
Emotions reflect your thought processes and beliefs; they are results, not causes.
Identify the thought processes and beliefs behind your emotions.
Understanding the true cause provides a solution.

10/07/2024

You could do everything right and still lose money.

Trading is all probability.

The sooner you accept this, the better.

Adresse

Yaounde
Yaoundé

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