SirPickle

Properly identifying and avoiding low probability conditions is more satisfying than catching a winning trade.

Losers make the best winners

There's an inverse correlation between R:R and win rate.
The more R you target, the lower win-rate you will have.
The less R you target, the higher win-rate you will have.
Now why do you always see me target 2R ?
Because mentally I couldn't handle losing way more than I win.
Couldn't handle the long losing streaks.
Couldn't handle the long wait in between winning trades.
In fact, humans in general struggle to play any game where they lose 60% or more of the time.
Psychological studies also show the pain of losing is twice as intense as the pleasure of winning.
So imagine constantly feeling

Hey if you're having a bad day it could be worse... you could be a forex trader

Always be aware of the FVGs created and soon to be created on the timeframes above you
One of the most important pieces of advice I could give you.

I love you say it back.

When in doubt, just sit it out.
No one has a gun to your head forcing you to take an unclear setup.

One of the biggest issues I see with inconsistent traders is that they follow TOO MANY mentors.
They over load themselves with information.
Too many strategies
Too many differing opinions
Too many trade breakdowns and outlooks
Too many youtube videos
Too much profit porn on the time line
How will you ever gain clarity this way?
How will you ever focus?
In trading (as in life), less is more.
Focus on one mentor
one model
one time of day to trade
one asset (+ its correlated asset)
I promise you will make much better progress if you try this out for a few months.

I used to trade indices from 8am-12pm...
Best thing I ever did was stop doing that.
Focusing on just 9:30am-12pm EST I avoid SO MANY dumb avoidable losses that occur before the opening bell.
Highly recommend you try that to.

This week has been ridiculously clean.
Just wake up and long lol.

Mental hack:
Before an entry look for reasons why a trade might NOT play out
Why?
The reason you dont see mistakes in real time when taking a trade is because you are so focused on potential profits.
You look for all the reasons why a trade COULD work.
Do the opposite and watch.
If you consciously look through the lens of "what could stop this trade from working" you will avoid so many dumb trades.

No news Mondays used to be in the same conversations as Hitler.
Come a long way