Sky1988

Ripple delays RLUSD launch, awaits NYDFS approval

Ripple confirmed on Wednesday that its much-anticipated dollar-pegged stablecoin, RLUSD, is not launching as expected, citing the need for final approval from the New York Department of Financial Services (NYDFS).
"Despite some speculation, $RLUSD isn't launching today. We're in lockstep with the NYDFS on final approval and will share updates as soon as possible. We are fully committed to launching under the supervision of NYDFS and upholding the highest regulatory standards. Stay tuned for updates!" Ripple said on X.
Beta-tested since August on the XRP Ledger and Ethereum, RLUSD is expected to strengthen liquidity and complement Ripple's payment solutions.

Trade less and you will earn more.
You need to try lots of strategies to find what works best for you.
Statistics are vital for your confidence.
Consistency means following a plan all the time.
Consistency does not mean making money every day.
Professional traders lose too.
Without a quantifiable edge, you are gambling.

I day trade for a living and predict the market and it’s behaviors everyday.

What I can not do is predict news, and the impact it has on the market. Predicting the market is more about predicting human behavior.

Let me give you a simple example.

#BTC has an all time high of $100. It’s currently trading at $95. Two weeks earlier it was at $85, and two weeks before that it was at $75. It’s run from $75 to $95 in the past month.

Do you think the odds are greater that btc will continue towards $100 or fall back towards $90? Lets ignore the argument that prices are random, because we don’t care what price is. We are only concerned with direction. Price is meaningless. It’s just a number. Do you really care if price moves to $97.20 or $97.80, or $98.02. We are not trying to predict price. Does that mean we don’t have price targets? Of course not, but your goal is to determine direction, not the price. We make money on direction. How much money we make depends on price. Remember that. You win or lose on direction, not price. Price only determines how much you win, depending on your entry and exit. Focus on direction people. Let the analysts make price predictions. You are not a crypto analyst.

If you said the odds are price will continue towards $100, then you are like majority of people. If you said the odds are price will fade back towards $90, you probably see the $20 move as too much, too fast or what goes up, must come down. You are probably in the minority. All time highs acts like a magnet, and price will be pulled towards it. Why does this happen? Because the sellers that tried to short the stock over the past month have been getting crushed as price kept moving higher. This simply means there are more buyer than sellers in this market. Sellers are also aware of the $100 all time high. They understand human behavior, and instead of trying to short $96 or $97 etc, they are sitting with their sell orders at $100 or around $100, waiting for price to come to them. They are anticipating that some of the longs will take profits at $100, and they will be selling along with them. This is how many markets work. There are lots of signals as price moves up that tells you what is happening internally. All you see if price on a chart, but you if you are following time & sales, contract volume, and there are a few other things, that give signals, then you can see what is occurring, and can react to it.

So can you predict the market? If that means predicting that price will go from $95 to $95.95 within 19 mins of the open, and then fall back to $95.50 7 mins later, and close the trading day at $96.10, then of course not. That is likely predicting the flight pattern of a fly. But if you mean predicting that price will trade above the opening print of $95 and where it is likely to go intra-day, then of course you can. I know the fly is headed for the light, I just don’t know it’s flight path to get there, and it might get smacked before it reaches it’s destination, but shit happens to the best laid plan.

A simple yet efficient trading strategy for beginners is Trend Following. Here’s how it works:
### Trend Following Strategy
1. Identify the Trend: Look for a clear upward or downward trend in the market. You can use tools like moving averages to help identify the direction.
2. Enter the Trade: Buy when the price is moving up (in an uptrend) and sell when the price is moving down (in a downtrend).
3. Set Stop-Loss Orders: To manage risk, set stop-loss orders to automatically exit the trade if the market moves against you.
4. Monitor and Adjust: Keep an eye on the market and be ready to adjust your strategy if the trend changes.
### Why It’s Effective for Beginners
- Simplicity: It’s easy to understand and doesn’t require complex analysis.
- Clear Signals: The trend provides clear buy and sell signals.
- Risk Management: Using stop-loss orders helps limit potential losses.
" IN WHICH TIMEFRAME IT IS SUITABLE? "
For beginners, the **daily timeframe** is often recommended when using a trend following strategy. Here’s why:

1. **Reduced Noise**: The daily timeframe filters out the intraday market noise, making trends clearer and easier to follow.
2. **Less Stress**: You don't have to monitor the market constantly, reducing stress and allowing for more thoughtful decision-making.
3. **Longer Trends**: Trends in the daily timeframe tend to be more stable and last longer, providing more reliable signals.

Once you get comfortable, you can experiment with shorter timeframes like 4-hour or even 1-hour charts, but starting with the daily timeframe gives you a solid foundation.

Ready to dive into some charts?

The feeling that the market often moves against your trade right after entry is a common experience among traders and can be attributed to several factors.

Now let’s see, Why the market going against trade as soon as made an entry:
1. Market Noise:
Short-term price fluctuations can appear random and are often due to noise rather than any fundamental shift.These movements can create the impression that the market is moving against your trade immediately after entry.
2. Entry Timing:
Poor timing in entering trades can result in entering at points where the price is more likely to reverse.This can happen if you are chasing the market or entering based on lagging indicators.
3. Stop Orders:
If you place stop-loss orders too close to your entry point, normal market fluctuations can trigger them causing an early exit from your trade and reinforcing the perception that the market turns against you.
4. Psychological Factors:
Cognitive biases such as confirmation bias and loss aversion can make losses or adverse movements feel more significant than they are.This can make it seem like the market moves against you more often than it does.
5. Market Manipulation:
In some cases market manipulation by larger players can create short-term price movements designed to trigger stop-loss orders from retail traders, although this is less common in highly liquid markets.
6. Lack of Trading Plan:
Without a well-defined trading plan that includes proper risk management and entry/exit strategies, trades can be more susceptible to adverse movements.
Thank You.

I started trading during my school days, first brokerage house of my life ( ICICI securities ) this Demat account is on my father’s name because it’s a decade-old story and that time I did not have my pan card which was a mandatory document. My first initial capital: 18000/- INR after a lot of struggle in convincing my father and mother that I have learned the stock market and I will achieve something big, please allow me to do this finally I got the permission by my father, and he gave me 10,000/- my mother separately gave me 8000/- I rushed to the bank for depositing the money in the Demat account, Feeling at the very first day: Soon I will return this 18000/- and by the profit money I will continue my trading, and very soon I will buy the car, helicopter, memories are little fade now. Lost all that 18000/- within two months of start.
The second phase of trading life :
Due to my dedications and stubbornness towards the stock market and trading my mother supported me so many times, and I remember almost nine times I made my account zero, second investment: 50,000/- third investment 70,000/- like that almost nine times up to the total of 8–9 lakhs rupees and three years my mother used to send me the money every time I go zero with my Demat account. I was living far from them for my further studies and when the account balance goes down my duration of talking with my mother on the phone keeps decreases same way, and once it goes blank, I try to avoid such question from my mother that how’s your trading going on, and she understands that I am back to the start.
The third phase of trading life :
Due to embarrassment or frustration, I was broke by heart also, and my mindset or soul didn’t allow me to ask for any more money from mother I stopped trading for almost like 5–6 months, but the addiction which I was carrying from last three years was not leaving me peacefully, I used to watch the market, movements, CNBC awaaz and everything related to the stock market but in reality, I was not trading, one day I found one competition related to giving stock recommendations and the best analyst gets the prize money I started studying books on the stock market, read a lot on google about technical analysis and when my emotions were not attached with the real money trading whatever the trades I used to give as a recommendation on that very web portal was going so fantastic within a short span of 15 days I earned many followers on that portal and consecutively I was ranked thrice as the best community analyst, and I even received cash prizes as well.
The fourth phase of trading life :
I lost the prize money and my pocket money as well but this time not as quick as earlier, I started digging google and books for more knowledge and ways of doing trading and this time almost after 5 years from starting I was on a verge of such frustration that even after studying a lot and losing a hell lot of money I was crying louder and called my mother that it’s not my cup of tea and I feel like a loser today, My mother told me if you can’t succeed in this field no one else can because I have seen your dedications towards it many full nights I have seen you studying stock market books and hitting your head in laptop for learning you can’t fail after this much of effort you are applying forget the money you have lost and make a new start, one side I had a confidence that I was ranked as a top most community analyst when my money was not involved for trading but when I am doing it for real my emotions are killing my trades and my risk reward is hurting my account badly I analyzed every small small mistakes I was doing it. But then I took a break for around four months.
The fifth phase of trading life :
One fine day I called my mother and asked for 50,000/- now I am all set for a new start, and I remember it was a Feb month and it may sound unbelievable, but by June end I was sitting on 6,00,000/- six lakhs rupees with my initial capital of 50k I advise to all the readers please don’t attempt to achieve something like this I was going on top gear which later on meets few accidents, but due to my past experiences and a long 5.5 years of ups and downs and learning, I survived on my journey.
The sixth phase of trading life :
There is no looking back from that day, and now at the end of the year 2018 I have seen the highest day gains of 4,97 lakhs in a day and max drop of 2.7 lakhs in a day and many days in five and six digits earnings and losses, but now the situation is completely different have learnt a lot in 10 years, and now enjoying my life as a full-time trader.
The year 2019 Sept made a single-day gain of more than 14 lakhs :)
Achieved the best stock and derivatives trader in India also featured in zee business show where I was in the top 4 traders and many more milestones.
The journey was quite difficult so far and thanks I survived now from this point of life when I think of my past I feel it’s not easy and I really fought like a soldier and of course without my mother’s support and my father’s support as well I would not have reached to this level.
Thanks! I enjoyed remembering the old days and writing about my life.
-PULAK PREYISH
#creditToTheOwnerOfTheStory

I failed at building consistency because I didn’t understand trading psychology.
Until I studied Mark Dougla’s teachings.
Here are his top 4 lessons which will level up your mindset to become a profitable trader.
Accepting the risk - Most traders fail because they can’t control their emotions. Accepting the risk on every trade you take will lead to a peaceful mind. It will make it easier for you to manage and control your emotions. When you genuinely accept the risk, you will be at peace with any outcome.Any single trade has a complete random outcome - Trying to control the outcome of the trade is what losing traders focus on. Each trade you take has an uncertain outcome which means your focus needs to be on taking the best setups and controlling your risk.Losing periods are normal - As soon as a trader faces a few losses, they change their strategy. This creates inconsistent results. You need to look beyond today’s losses. Let the numbers play out, this is how consistency is built. Rarely will the typical trader stay with his system beyond two or three losses in a row and taking two or three losses in a row is a very common occurrence for most trading systems.The money is made in the mind - 90% of traders who consistently lose only focus on the technical side of trading and as a result they never make money. Consistency is created by the way you think towards the markets - this means accepting the law of probabilities. The consistency you see is in your mind, not in the markets.

The distinction between the 1% of successful traders and the remaining 99% is often stark. What sets the elite apart from the rest of the crowd? The answer lies in their possession of an edge—an advantage that comes from meticulous preparation, discipline, and the ability to adapt to changing market conditions.
One of the key factors that differentiates the 1% from the 99% is their relentless pursuit of an edge. Each day, before entering the market, successful day traders identify what their edge will be.

This involves several crucial steps:
Identifying the Setup: Successful traders have a keen eye for recognizing potential setups in the market. They understand that not every day is the same, and they adapt to the current conditions.Developing a Playbook: Having a playbook, or a set of strategies, is essential. However, the 1% doesn't rely on just one strategy. They have multiple strategies at their disposal, allowing them to pivot when market conditions change.Backtesting: The 1% understands the importance of backtesting their strategies. They invest the time and effort required to test different approaches under various market conditions, ensuring their strategies are well-rounded and robust.
This brings us to the "1000 hours theory," popularized by Malcolm Gladwell in his book "Outliers: The Story of Success." While Gladwell suggests that 10,000 hours are needed to master a skill, the 1% of successful day traders have undoubtedly spent their fair share of these hours perfecting their craft. On average, it takes around three years to become a profitable trader, and consistent profitability takes even longer. The 1% have dedicated countless hours to testing and refining their strategies.
What sets the 1% apart is that they can quickly identify setups and recognize if it's a good trading day or not, thanks to their extensive preparation and experience. They understand that trading isn't about being active all the time; it's about patiently waiting for the right opportunities to emerge.
While the 1% are patient and selective in their trades, the 99% often fall into the trap of overtrading, painting setups that don't exist, and not dedicating enough time to honing their strategies. They haven't gone through the necessary trial and error to find what works best for different market conditions and their trading style.
Additionally, diversification is a strategy used by the 1% to manage risk effectively. However, they don't spread themselves too thin. Instead, they diversify within their areas of expertise, maintaining a deep understanding of the assets they trade. This allows them to take calculated risks without overextending themselves.
Most importantly, the 1% trade with reputable brokers that have no conflicts of interest. Using an ECN (Electronic Communication Network) which offers raw spreads, a flat commission rate, and DMA (Direct Market Access) , ensures transparency and fairness in executing trades. The 1% carefully choose brokers that align with their trading strategies, reducing the risk of manipulation or unfavorable trading conditions.
In conclusion, the 1% of successful day traders possess a unique combination of skills, discipline, and strategy. They have a deep understanding of the market, a variety of trading strategies, and the ability to adapt to different market conditions. They recognize the value of patience, selective trading, and risk management through diversification. Moreover, they trade with brokers that support their strategies and offer a level playing field. By embracing these principles and consistently refining their craft, the 1% consistently outperforms the 99% in the challenging world of day trading.

Can loss in trading be recovered or quit trading?
On the nights you question and doubt whether it will happen or not, those are the nights that shape and mold the spirit of the reborn trader.

Loss in trading can be recovered if it is within the limits.

If you have blown up all your capital, there is no way it can be recovered.

Every day in the market is a role of the dice.

You can do everything right, have a great setup, follow your plan and still get smoked.

The market can be very humbling at times but it is important to remember that you are not alone.

This game of trading that we are all playing doesn’t go to the smartest people but rather the people that remain students and are able to remain curious and humble as they participate in the markets.

It can be easy to get wrapped up in the idea that you need to be perfect or else you will fail but that could not be further from the truth. This market will beat you down time and time again but it is important to stay focused on your goals and why you are here in the first place.

Take each loss as a learning experience and remember that even the best traders in the world have losing trades, it is just part of the business.

Keep moving forward, keep learning, keep growing and keep trading.

Trading is not easy.

Everyone wants to be a millionaire, no one realizes that it’s hard and long process.

It’s a get rich slow game.

Your trading strategy has to be followed.

It doesn’t matter which segment you trade, you must be focused on following your edge and managing your risk.

The trading journey is often a road less traveled because it isn’t for everyone.

If you believe in something enough and you work for it, you too can achieve it.

A disciplined trader is like a tree, rooted in principles, swaying away with the market breeze.

The more you focus on developing the principles of discipline and consistency as a trader, the deeper your roots grow.

The turbulent winds of change and volatility only sway the disciplined trader.

Those same winds break the trader that has not developed the foundational principles needed to stand firm amidst the storm.

Remember, just because you can not see the roots, does not mean they are not there.

Only when the storm comes will you see how deep your roots have been deployed.

What does it mean to be consistent in trading, and how can we achieve consistency in our trading strategies?
Being consistent in trading means that you have a well-defined trading plan and you stick to it, regardless of the emotions and market fluctuations. It means that you have a clear understanding of your risk tolerance, and you apply the same rules and principles to each trade, with discipline and focus.

Achieving consistency in your trading strategies requires careful planning and discipline. Here are some steps that can help you:

1. Develop a trading plan: Your trading plan should include your goals, trading style, risk tolerance, and entry and exit rules. A well-defined trading plan helps you.

Do I need an edge to be a successful trader?
Edge is an overused term with no clear definition of what it is, except that you have some market advantage in a given set of circumstances.

Is it required to be successful? Not necessarily, but clearly having an advantage (edge) increases your odds of success. Is being borne with money and influence a requirement to be rich and powerful. It sure doesn’t hurt and does give one an “edge” that others

Patience

Discipline

Consistency

These are the three basics of becoming successful in trading. Setup, Risk management etc are only 5% of the game. The real deal is patience, discipline and consistency which will increase your profits and reduce your losses and hence making you a profitable trader.

What is the significance of discipline in trading and what advantages does having self-discipline bring to trading?
Discipline in trading is arguably one of the most important factors that separates successful traders from the rest. It’s about consistently following a well-thought-out strategy, sticking to your rules, and maintaining emotional control regardless of market conditions. Here’s why discipline is significant and the key advantages it brings to trading:

1. Prevents Emotional Trading

Significance: The markets are inherently unpredictable, and traders are often influenced by emotions like fear, greed, or the urge to "get even" after a loss. Discipline helps you detach from these emotions and follow y
What are 50 trading rules that make a successful trader?

I will just tell you 1 which is equal to 50.

Brick By Brick.

Of course, there is nothing necessarily impressive about laying a brick.

It’s not a fantastic amount of work.

It’s not a great feat of strength or stamina or intelligence.

Nobody is going to applaud you for that.

But laying a brick everyday, year after year? That’s how you build an empire.

You can start small.

You can focus on improving 1 percent everyday.

You can simply put in another rep.

You don’t have to build everything you want today but you have to find a way to lay another brick.

Rome wasn’t built in a day.

Great things take time.

What does it mean to be disciplined in trading and investing? What are some tips for becoming more disciplined in this area?
Great Question.

How are you disciplined in other tasks and work you do?

Do you have a start time and end time for your daily work?

Do you maintain your car and home?

When you were in college, did you do your homework and study for exams to get high grades and thus a high paying job?

Do you continually learn and hone your skills at your present job?

Trading stocks is just like any occupation or career. Discipline is the same.

When you do things on a regular basis and constantly improve your skills you are disciplined.

It is not rocket science. Trading requires high Spatial Pattern Recognition Skills. S

Are there really any consistently profitable traders?
Here is where I think your question runs a little off course —

“I honestly don't see a trader sitting at home with limited resources being able to pull out winners consistently.”

I used to think this as well. I need to win consistently to make money. I was wrong.

Try replacing “winners” with “profit”.

And also revisit what you mean by “consistently”.

You can make money trading with a 30% win rate — but that would require 1) Getting comfortable with losing more than winning and 2) Getting comfortable winning BIG only a few times per year (or month if you are a day trader).

While that is still consist

How can I become a disciplined trader?
A good question!

To become a successful trader, you need to keep your emotions in check and should have the discipline to follow your trading plan.

It looks simple in theory.

But do you know why any trader has a tough time with discipline and take trades out of his trading plan?

The reasons are pretty simple and straight forward!

It is because of the below reasons:

Fear of losing an opportunity
Lack of confidence in their system
Boredom
Forcing a trade to earn a minimum amount every day
Let us look at all the reasons. If you understand these reasons and develop a solution to all these

What does it mean to be disciplined in trading and investing? What are some tips for becoming more disciplined in this area?
A knowledge and awareness

B action-implementation(mindset-psychology-emotion control)

both together is called discipline

we develop a process with rules to follow

you are disciplined if you know the process step by step and you can implement it perfectly.

some times ambiguity comes up. you have solve and resolve it by yourself

—————————————————————————————

if you dont know what to do then you cant do it.

success in trading depends on mental stability

Trading and investing

you locate opportunities and buy low and sell high

trading depends on money management

MM=PS + MR

ps is Position size=how much of your m

How can I become a disciplined trader?
Do you want to take your trading to the next level?

The key to becoming a super trader is discipline. Once Jim Rohn said:

“Discipline is the bridge between goals and accomplishment.”

In this article, we’ll discuss the four keys to becoming a disciplined trader. So let’s get started!

Key 1: Risk Management in Trading

Risk management is an essential factor in trading as it helps traders minimize potential losses and protect their capital. Without proper risk management, your trading capital may be wiped out.

In risk management, an important factor is position size. You have to be

How do traders trade professionally?
I am a fulltime Intraday Trader, let me tell a bit how it works for me:

First u need to understand that trading is also a regular job, its not a get rich quick scheme. A lot of discipline goes in.
I start my day around 9AM IST and check what happened yesterday in DowJones. Next i check what’s happening in Asian market. Its 10AM now.
Small break.
Start tracking Nifty and Shortlisted stocks very closely after 11AM. This is the time when i am most active on trading desk. Series of trades goes in this time. Ones EU market opens, keep an eye on that as well. Its 2:30 PM.
All the trades are closed before
Is self-discipline necessary to become a successful trader?
Yes, self-discipline is one of the key qualities necessary to become a successful trader. Trading requires a high level of focus, patience, and emotional control, and it's easy to get caught up in the excitement of the markets or become emotionally attached to certain positions.

Without self-discipline, traders may find themselves making impulsive or irrational decisions, which can lead to significant losses. Self-discipline helps traders stick to their trading plan, manage their risk effectively and avoid making emotional or irrational decisions based on fear or greed.

Developing self-disciplin

Is self-discipline necessary to become a successful trader?
Yes, self-discipline is crucial to becoming a successful trader. Here are some key points to summarize:

Self-discipline is necessary for success in any field, and trading is no exception.
Trading requires the ability to control emotions and stick to a plan, which requires self-discipline.
Self-discipline allows traders to avoid making impulsive decisions based on emotions or market noise.
Traders who lack self-discipline are more likely to engage in risky behavior, such as taking excessive risks or trading too frequently.
Successful traders develop a set of rules and stick to them consistently, whi
What is the difference between a successful professional trader and an unsuccessful professional trader? Please include habits, discipline and any other thing.
I personally know three day traders who can literally mint money using intraday trading. Each one of them has their own style of trading and their trading styles differ a lot but in the end they make huge profits on intraday basis. I am learning from them and thus will try to share the collective knowledge I have gained so far. Let’s begin.

Discipline: If you want to survive in stock market as an intraday trader then this is the most important trait you should develop.
Importance of time axis: Everyone knows that on intraday chart there are two axis: x-axis which has stock price and a y-axis whi
Which things are necessary to be a successful trader?
What is the difference between a successful professional trader and an unsuccessful professional trader? Please include habits, discipline and any other thing.
What is the secret to success for all traders who trade successfully and consistently without fail every time they trade? Is there any trick behind their success stories?
What is your most profitable trading strategy?
What are some ways for a trader to improve consistency in their trades?
How do I make a plan for trading?
What is the minimum gain (pip/trades) that a successful day trader consistently achieve per day?
How can I become a disciplined trader?
Can I be a successful proprietary trader through manual trading?
Why do successful traders educate others to trade?

Can’t trade for 6 hours?

-> Trade for 2

Can’t back test for 10 hours?

-> Back test for 3

Can’t manage your emotions?

-> Trade with rules

Can’t end the week profitable?

-> Aim for 1:3 RR

It’s about the small wins.

Many people underestimate the power of consistency. That’s where success lies. Perfection is delusional.

I get it, balancing a full time job and trading can be tough. But remember, you don’t have to be perfect.

Focus on small incremental improvements. Fix your mistakes and aim to be 1% better every day.

Your 5–9 is an investment in your future.

Embrace the process, practice when you can and watch your trading improve.
#ETH

Buy lower and sell higher. What is so difficult about that?
The root cause that makes trading so difficult is mainly due to a seldom talked about or recognized aspect of trading which is called the amygdala hijack.

Trading and money is akin to survival, it affects the part of our brain called the amygdala or the reptilian brain. It is an evolutionary knee jerk reaction that triggers pain or pleasure, fear or hope. So if one wins a trade, there is great euphoria, followed by fantasies of wealth, if one loses, there is great pain, regret and frustration, usually followed by anger and revenge (trading).

On a cognitive level, you can say do this or do that when standing on the sidelines looking in, kinda like yelling at the players when watching a game. However, when an individual is IN the game, that objective perspective is replaced by a very deep and total animal sense of survival, there is very little to no subjectivity. That is why it is hard to see the market clearly when one has something at stake in it. You are mainly just focused on how near or far the market is from your entry point.

So to be good at trading, a person has to have a great sense of self awareness and emotional intelligence more than anything else. It is a fallacy that most people believe you have to be good at math to trade. That couldn’t be further from the truth. Trading is mainly pattern recognition, which is very straight forward, in truth 90% of trading it is being able transcend your emotions when they arise. Note, that I didn’t say remove or ignore your emotions.

Trying to say, “don’t feel fear”, or “be emotionless”, is like trying to say don’t be frighten when watching a horror movie, or don’t get aroused when watching an adult movie. That is not to say you can’t subvert it, you can, BUT first you must recognize what the situation is and realize what you are getting into. Then, once you know the playing field, you can mentally prep yourself before getting into it and be ready for when the emotions DO arise. This takes effort and lots of practice.

The majority of trading is to dissociate with the emotions that arise as you watch the rise and fall of the markets. It is the ability to very gradually realize that what your emotions say is happening, meaning fear of loss (aka death) or hope of gain (aka safety and immortality), does not actually have any meaning.

That is why the people who have traded and succeeded after a certain period of time (regardless of whether they are pros, retail traders, phd.s or high school dropouts) usually say that making money is rote, meaning mechanical, even boring. That is because the natural, instinctual sense of life or death that is hardwired in the amygdala is not kicking in to give one great highs or intense suicidal lows.

So if a trader does not recognize this very root sense that arises during trading, then no technique, strategy or amount of academic education will equate to success in the markets. This is why so many fail. It is not because they are stupid or incapable, it is because one has to first identify what really is the cause of their mistakes and then ALSO have the ability to change it.

The amygdala hijack reflex is so evolutionarily hardwired into our systems that it is very hard to transform, BUT it can be done! So to those of you who are willing to dig deep into your own selves, then this will be a journey worth taking as it will not only affect your trading account and financial health, but your overall outlook as a human being, as in the end, you will not be as swept away by the tides of fear and hope as most people are.

Good luck to all of you!!