tradingwithmiguel
banner
tradermiguelx.bsky.social
tradingwithmiguel
@tradermiguelx.bsky.social
Former user of Twitter/X for over 10 years.

Portuguese #Futures #Trader $MES/$ES using #ICT Concepts.

Follow my daily #trading #livestreams on YouTube:

https://www.youtube.com/@tradermiguelx
Great!
Edit button next?
November 20, 2024 at 12:11 AM
You're welcome Timoteo 👍
November 19, 2024 at 5:33 PM
Yeah hard trading conditions on NY AM Session.
It is what it is. You just have to move on. Tomorrow will be a better day for sure.
November 19, 2024 at 5:31 PM
11/11 🧵
However, for those with a proven system, the emphasis should be on maintaining consistency and confidence. Prepare thoroughly, trust your system, and handle losses according to your established rules. That’s how trading is done.
November 19, 2024 at 5:30 PM
10/11 🧵
Just to clarify: I’m not suggesting you should never learn from losses. If you’re still fine-tuning your strategy, do take time to analyze the results.
November 19, 2024 at 5:30 PM
10/11 🧵
Losses will always be there: The idea of needing to learn from every loss can create a cycle of second-guessing your strategy. Recognizing that losses are an integral part of trading helps you focus on the bigger picture, which is how those losses fit into the long-term success.
November 19, 2024 at 5:30 PM
9/11 🧵
Accepting losses doesn’t mean your system is failing; it’s simply part of how a successful strategy functions. Once you’ve established a solid system, it’s crucial to stick to your plan and accept all results.
November 19, 2024 at 5:30 PM
8/11 🧵
Understanding the necessity of outcomes: In a tested trading system, both winning and losing trades contribute to its overall performance.
November 19, 2024 at 5:30 PM
7/11 🧵
However, once you have a validated strategy, your priority should be on consistently executing that strategy instead of making constant adjustments based on short-term results.
November 19, 2024 at 5:30 PM
6/11 🧵
Identifying when to reflect on losses: If you’re still in the phase of developing or refining your trading system, it’s essential to learn from losses.
November 19, 2024 at 5:30 PM
5/11 🧵
Insights come from analyzing larger groups of trades over time rather than getting caught up in short-term fluctuations.
November 19, 2024 at 5:30 PM
4/11🧵
Randomness affects trading outcomes: Each trade can be influenced by factors outside your control, leading to wins or losses that don't accurately reflect your strategy’s effectiveness.
November 19, 2024 at 5:30 PM
3/11 🧵
If you start seeing these losses as failures, it can lead to unnecessary system modifications and shake your consistency. Embracing the reality of losses is key to long-term success.
November 19, 2024 at 5:30 PM
2/11 🧵
Losses that are aligned with your trading strategy are part of the process: When you follow your trading rules, the occasional loss is expected.
November 19, 2024 at 5:30 PM
Facts 💯
November 18, 2024 at 11:00 PM
Facts 💯
It is delusional thinking that you have catch every pip or tick of the move
November 18, 2024 at 9:36 PM
Learning the hard way is probably the best and most effective way to learn in trading 😅
November 18, 2024 at 9:21 PM
Thank you brother 👍
November 18, 2024 at 4:43 PM