A few truths that I wish someone told me when I started:
- You can only go where the markets wants to go, this is not a place where you can lead, but only FOLLOW.
- But following also means that you can't be the last guy following, that's what PASR is here for. Do you want to be the guy who bought Bitcoin at 20,000$ just because your were following blindly a trend?
- Don't be too hasty about making money. First, learn to not lose money, that's the only thing that will keep you fighting for another day
- Once you have eliminated all the rookie mistakes that Strat teaches to avoid, don't think you can walk on water, you are just starting to crawl, which is better than what most wannabies manage to do
- A trader is like a professional athlete that is not bound by age limit, so long as your mind is forged with discipline and determination, you can go on for as long as your body can permit. So, take care of your body as well
- Money doesn't matter that much, you don't need to be a multi-millionnaire to be happy. So if you want to be a trader, make sure you are doing it because you are in pursuit of a higher objective. Trading must set you free, not bound you into a life you don't want.
- We are domesticated as a species from an early age, we are expected to follow a certain process to live, earn a living, and die. You must understand that this doesn't necessarily apply here, you can't expect to have your cake and eat it too, so be prepared to be judged, not to be understood, and, above all, to shape a different life that what you were expected to live.
- Learning how to trade is doable by everyone, it is not a talent but hard, psychological work. Forget any preconceived idea about fairness, justice, merit, none apply here. You will be dancing on the edge of a volcan at every trade, but you can rise like a phoenix every time you are burnt. That's called money management.
- Life is short, it is your most precious capital
- You can only go where the markets wants to go, this is not a place where you can lead, but only FOLLOW.
- But following also means that you can't be the last guy following, that's what PASR is here for. Do you want to be the guy who bought Bitcoin at 20,000$ just because your were following blindly a trend?
- Don't be too hasty about making money. First, learn to not lose money, that's the only thing that will keep you fighting for another day
- Once you have eliminated all the rookie mistakes that Strat teaches to avoid, don't think you can walk on water, you are just starting to crawl, which is better than what most wannabies manage to do
- A trader is like a professional athlete that is not bound by age limit, so long as your mind is forged with discipline and determination, you can go on for as long as your body can permit. So, take care of your body as well
- Money doesn't matter that much, you don't need to be a multi-millionnaire to be happy. So if you want to be a trader, make sure you are doing it because you are in pursuit of a higher objective. Trading must set you free, not bound you into a life you don't want.
- We are domesticated as a species from an early age, we are expected to follow a certain process to live, earn a living, and die. You must understand that this doesn't necessarily apply here, you can't expect to have your cake and eat it too, so be prepared to be judged, not to be understood, and, above all, to shape a different life that what you were expected to live.
- Learning how to trade is doable by everyone, it is not a talent but hard, psychological work. Forget any preconceived idea about fairness, justice, merit, none apply here. You will be dancing on the edge of a volcan at every trade, but you can rise like a phoenix every time you are burnt. That's called money management.
- Life is short, it is your most precious capital
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