@EnhancedMarket's Latest Twitter Threads

🔹Have strict rules the prevent you from overtrading and going on tilt. These rules will stop you from yourself and potentially blow your account.

The worst thing that can happen is winning a bunch of trades while breaking your rules. Your mind will become addicted to not following your plan.

🔹Less is always more in the market so be disciplined and patient for the good days.

🔹You do not need to trade every day!

🔹Save your mental capital and real capital on days that are likely to trend and be in your favor. Avoid days with fed speakers, FOMC, CPI, PPI, etc. Those days will have violent moves and chop leading into it.

Focus on one strategy and perfect it. Become a specialist. [img:Vl7cfVzt2]

🔹The issue with new traders is they make money on trend days and then give it all back on chop days when market is too extended or has pending news.

Your P&L is a lagging indicator of your trading psychology.

🔹Have trade limit rules to prevent you from overtrading and control your daily max loss.

🔹Measure risk reward and decide if the trade is worth taking. Have a minimum of a 1:2 risk-reward ratio and preferably 1:3.