Most traders do not understand losing is part of the game. All successful traders share something:

They understand that losing trades are part of the business. Learning to take a loss is part of the rules and one of the hardest concepts for traders to understand.

Traders rank their biggest problems aweber.com/t/GPIeM

The learning curve for a trader can be an exhaustive long, drawn-out process that leaves the trader not only physically and mentally drained but financially drained. This usually happens BEFORE they reach any level of success. Determination and Persistence are needed to succeed.

Winning Traders Profile aweber.com/t/PpSWU

Remember this...

Everything changes...

Nothing stays the same.

A four-step process to minimize the trader’s risk but maximize the profitability:

1. Find low-risk trade opportunities.
2. Assess which trade is worth the risk.
3. Determine how much to risk on each trade.
4. Control your exit strategy - cut losses/run profits.

The NASDAQ tried to rally at the open, and then, by 10:15 a.m., the Bids were getting hit. Look at the yellow circles below. The DELTA is increasing, and there is no supply in the market.
nobstools.com/nobs-mastermin…

#OrderFlow $Emini $NASDAQ $NQ #nq_f #daytrading $es_f #VWAP

Most people lose money because of a lack of emotional discipline...

they can't remove their emotions from their trading decisions.

Emotional trading is not a luxury that any trader can afford.

Consistently profitable traders use mental discipline and follow system rules.

You will not win on all trades. The confidence to follow these rules comes from testing the system rules on thousands of trades.

When it comes to trading, you need to use your intellect, not your emotions.

Your success or failure is related to what you rely on in your trading. You can't test emotions, but you can test your intellect (system and rules).

Emotionally charged traders are never consistent.

What makes traders consistent profits? aweber.com/t/Mk3Ko

Being a great trader is like being a 3 - legged Barstool.

1. You need to have sound psychology.
2. You need a tested, proven trading system.
3. You need a risk management plan for losses and wins.

Kick out any of those legs, and the Barstool falls over and no longer works.

The NASDAQ started out with some sell signals before the PMI and New Home sales. After that, the market went up 1,484 ticks. The Yellow circles show the DELTA increasing with no demand.
nobstools.com/order-flow/tur…

#OrderFlow $Emini $NASDAQ $NQ #nq_f #daytrading $es_f #VWAP

When you look at what separates winning traders from losing traders, you find:

Winners have a trading plan, and losing traders have no discipline because of no trading rules.

Lack of confidence disappears once you have a back-tested trading plan of over 1,000 trades.

The characteristics of a winning trader:

- Patience
- Persistence
- Ability to take a calculated risk
- Humility (admit when wrong)

It's very difficult to be consistently profitable without these traits built into your trading system rules.

Trading is the hardest thing you’re going to do in your life.

People that tell you trading is easy money are complete Bullshit.

Trading requires you to change your entire mindset.

Ask a 70 yr old who’s right-handed to start eating left-handed; that’s what trading is like.

Today the NASDAQ was lifted higher because the Offers were lifting going into the London Close. You can see the DELTA increasing in the yellow circles, and there was no supply in the market.
nobstools.com/nobs-mastermin…

#OrderFlow $Emini $NASDAQ $NQ #nq_f #daytrading $es_f #VWAP

Trading Winning Percentages aweber.com/t/AbdB8

When you do not have a trading plan or set of trading rules you create the following problems:

1. The Trader has a lack of confidence.
2. The Trader is fearful of losing.
3. The trader has poor entries & exits.

These are all caused by not having a back tested trading plan.

If you are having a losing streak, stop trading. Don't let your EGO get control of your emotions, or you will drain your trading account trying to get the money back.

Exiting losing trades quickly is how you restore your objectivity and clear your head before the next trade.