Strategic Trading Cheat Sheet

Strategic Trading | All you need to support your trading in 1 - organized - customizable place ↴

<aside> 📜 ST Daily Manual

Get Your Head in the Game | Daily reality check for optimal state of mind by Strategic Trading ↴

Market Realities:

Anything can, and will happen
You Don't need to know what's going to happen next to make money
An edge is nothing more then an indication of a Higher Probability of "A" happening over "B”
There is a Random Distribution between wins & losses for any edge
Every Moment in the market is Unique

I'm a Consistently Profitable Trader because:

I Objectively Identify my Edges
I Predefine the Risk of Every Trade
I Accept the Risk / I'm Able to Let Go
I Act on my Edges without Reservation or Hesitation
I Pay myself as the Market Makes money Available to me
I Continually Monitor my susceptibility for making Errors

** I Understand the Absolute Necessity of these Principles of Consistent Success & therefore I NEVER VIOLATE THEM! **

Psychology

Fear

Losses are inevitable

Trust your skills & understand it won't be perfect

There's a direct relation between cognitive states - physical & mental: Our cognitive system rewards us for hard work = engaging in energy consuming activities mental/physical removes negative emotional states & replaces with positive ones (work, gym, books, etc.)

Greed / FOMO

There's a bunch of opportunities all the time

You Don't need to catch every move to be successful

Need to be Right

Making money is more important then being right

If a trade goes against your direction / under water for a while - you’re probably NOT right

“Compound Interest is the 8th wonder of this world.” - Warren B the G

Compound knowledge & experience - focus on Positive Processes OVER TIME

1% of skill or knowledge earned will go a long way in the future

Quantum Decision Making

“We are what we do, day by day, so excellence is not an act, but a habit.”

Imagine 2 boats parallel at an open sea. you know going exactly straight will bring you to your desired destination. But its enough for just 1 boat to turn just 1 degree to set them apart for thousands of miles in the long run

Life is a constant decision making process every second, that each decides your far future. You can sit and watch TV - and then decide not to do it anymore and open a book instead.

*Ask yourself which Decision Serves You Better - your Health / Relationships / Intellect / Finances

Recent Reminders