Trader Berto @traderberto
Trading is a gambling business. Consistently profitable traders with a system are not gamblers though, they are the casino! Joined April 2019-
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I became a fulltime trader in 2020... Here are my top tips to become profitable fast 👇 🧵
I know alot of people are struggling right now I didn't become profitable until year three Not saying you will..some do earlier some later 2 years is nothing I was lost 2 years in the game Here is what helped me break through👇 1. You need to simplify your strat or find a simple strat because many don't have an edge to begin with. Whatever you trade make sure it's simple. Because you can't execute a complicated system consistently. Analysis paralysis creeps in. All that over analysis anyway is just you trying to avoid being wrong to the core 2. Take full accountability. It's not the gurus fault. Not brokers. Not prop firms. It's your fault. Only then will you be able to look your mistakes dead in the face and overcome them. When you put it on someone else even if they had a part in the downfall....you give yourself and out to not grow. It's all on you. Nobody is coming to save you and it's all your fault 3. Meditate. Most will ignore this one and im not saying you gotta go full monk mode. Just 5-10 mins before you trade for the day. Think of it like you are prepping your mind for battle. Meditation teaches mindfulness. That helps when it comes to identifying your emotions realtime. When fear and greed is present you can pinpoint it realtime not get swept away by it and then make the right decision. The urge never goes away but it makes it easier to control. Like a muscle the more you exercise that mindful muscle through meditation stronger it becomes 4. Think in probabilities. Can only do this btw if your system is simple. Step 1 remember. They connect. You do not need to know what happens next. You need to be ok with that uncertainty and let the chips fall as they may. Long term you win. Not the next trade. Always trade small too. Which is obvious but few do it because they rush the process. Which just leads to the opposite result in the end. Slow is fast The slower you take it. The faster you succeed in this game And most stay stuck because they want it too much and they want it too quick Develop your skills, be patient and the results will find you. You won't have to force it. It flows to you That's the game
After 2 years of trading, I'm genuinely questioning whether I can keep doing this. This month has been one of the hardest I've had mentally. Losses, missed moves, getting stopped out by a few ticks, watching trades hit TP without me... it feels relentless. I'm constantly
A good trade isnt always a profitable trade.
Had an A+ setup fail earlier... What did I do wrong? Nothing Sometimes there is no lesson to learn You pay tuition Accept this and trading becomes much more peaceful
Many traders were blessed during the last 24 hours by the lovely market volatilty. Congrats to those who made a killing! For those asking how they should approach the market for the coming days, please see below :)
"Mike im trading with $100 how do I grow it" Don't bother Spend on a prop firm aquire capital or save I'm not one of these furus that will sell you a dream folks You need capital If you don't have at least 1k or 2k saved then don't bother
In the IG and x bubble it seems like you are behind Because you are either seeing two things The absolute top 1% killers in society making bank Or the other crowd which are cons just pretending The average day to day person doesn't have even 1,000 in savings Never forget
If you can make 10 dollars profit consistently... You can touch millions There is no secret... Focus on your process Stat consistent Compound And you will have it
The better you get at trading. The quieter you become.
Every trader eventually learns that the goal isn’t to predict the market… It’s to respond well to whatever the market does.
Most crypto folks have no edge No psychology No risk management And expect to become magically wealthy That's some Disney shit Nothing comes that easy If it does...it won't last
Lots of folks who make good money in crypto just end up giving it all back When you acquire alot of money without developing any real skills you are bound to return it That is called gambling Real trading requires real skills You can't just hodl with insane leverage hope for
Trading will teach you more about yourself than self-help books ever will.
Two FATAL mistakes that'll DESTROY your trading account: 1. Moving stops because you're HOPING price will save you 2. Taking profits early because you NEED to feel "right" Both feel good in the moment... But they're POISON for your long-term success. Stop trading your emotions. START trading your plan. The market doesn't care about your feelings.
It’s just a matter of when… so just hang in there.
One day you will thank yourself for not quitting trading
Deep psychology lesson But this is why you lose money This is why you stay losing money Read all of this and we will uncover your problem You stay in this loop of destructive mistakes because you are comfortable there On a conscious level you may say you want to be disciplined You want financial freedom You want to retire your fam But on an unconscious level you are not ready You may think "what do you mean im not ready I don't like losing money Mike" It goes deeper than that That is your comfort zone Everything we do revolves around feelings You are addicted to a feeling You stay unprofitable because you are use to that feeling and it is predictable You say you want to be consistent but you are afraid That is the unknown And when you are met with new emotions after being in this loop of destruction for so long your brain is confused It's outside your comfort zone You have built these patterns in your brain to predict a certain outcome so when you are met with something out of the ordinary that is when alot of you sabotage I know you have been in that place where you are doing so good so consistent and then you just throw it all away and then you look up and think "wtf did I do" You went on autopilot You have a program in your brain that took over a certain set of patterns that you reverted to That feeling I was talking about Familiar misery You hate it but at the same time you are comfortable there and would rather stay there then venture into the unknown because on an unconscious level you think "that isn't me" but that is a lie you tell yourself That lower nature that degen we call it It takes about a month to develop those new patterns in your brain So the beginning is going to be the hardest But once you get over that hurdle it becomes easier You need to be mindful You need to be aware of the issue and that is the point of this post because when you are aware it can not manipulate you from the dark anymore You shine a flashlight on it It will be uncomfortable But it will be worth it Redirect focus consistently again again and again And it will happen You will break through that wall Consistency is the most powerful force on earth Done long enough your brain will rewire And you will be thinking like a winner And the results will follow
Filling out mine since 2015. It will be breeze once it becomes a habit.
How to succeed at trading: Diligently fill out your Daily Report Card for 500+ days in a row.
Never let a winning trade inflate your ego, and never let a losing trade weigh down your spirit.
@DefinitelyDJ @shin_raton @Sav2222_ Gannicus reporting!
Price action is the only truth. Your opinions, politics, and predictions don’t matter. The market shows its hand early, through leaders that resist breakdowns and reclaim key levels. Watch them. Follow them. Trade them.
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