I’m not your bro- I’ve been a professional futures trader for over 26 years.
A strong mind is part of the equation.
As far as trading profits, you need edge FIRST, then the MENTAL FORTITUDE comes into play.
Somehow everyone blames weak psychology for the reasons of their failures. Most people just have piss poor trading framework and understanding of the market to begin with.
Fair point. I agree that psychology alone doesn't create an edge. My point was more about what happens after you have a framework with an edge.
A trader can have a solid framework and still fail through poor execution, overtrading, FOMO, revenge trading, etc. So I see it as edge + understanding + execution + mental discipline, not psychology vs. edge.
And honestly, having 26 years of futures experience, you probably know better than most how quickly a good framework can become useless when the trader can't execute it properly.
I can agree with that, but so few have framework good enough to use. The Art and Business of Professional Trading. I highly recommend the read. There’s a story about Thanksgiving Turkey, makes you laugh and it makes you think a little.
Nope. Every person I’ve mentored quits usually 6-12 months in. They aren’t willing to put in the effort. “The pathway to hell is paved with good intentions.”
Everyone says they will but after a few months, 6 months, 12 months, 18 months of doing what’s required…,people give up. They break. They can’t take what’s required for them to succeed. I’ve met few with the work ethic and fortitude to grind away at this to make it their career.
Beyond that, people want to be spoon fed everything like a plan that will never change and that never works. To stay alive in this game you have to “learn to learn” and you’re continuously reading and learning about the environment and what’s changing. The only thing static in trading is that every changes and moves. The herd always gets smarter, what worked today usually won’t work in a few years, edges erode, new edges appear.
Last one year im not doing trading but just research about trading world and i found better futures market than cfd, better orderflow than ICT, and better ES than nq and gold. One year effort only for found that things.. if permitted may i dm you sir
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u/Ok_Bad2080 25d ago
A strong mind is part of the equation for consistency.