Roensch Capital(@RoenschCapital) 's Twitter Profileg
Roensch Capital

@RoenschCapital

Nico Roensch - Trader, Financial Analyst and Founder of Roensch Capital

ID:1366146677200027653

linkhttps://discord.gg/mVwJZquBFw calendar_today28-02-2021 22:02:13

1,9K Tweets

59,8K Followers

66 Following

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You'll learn more from taking 100 trades than you will from watching every single trading video on the internet.

Learning through doing will always be the most efficient.

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If you could change one thing about the US stock market, what would it be?

I'll go first: PDT is an absolutely absurd rule, and does nothing except slow the learning curve for people trying to improve their lives. Stop 'protecting' people from themselves.

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Worst-case scenario it takes 10 years to see success in the markets.

Maybe it takes 3 years.... maybe 1.

Or you can quit now and never find out because it 'isn't happening fast enough'

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Even the biggest traders can forget this...

The probability of a winning trader losing 5 trades in a row is 100% given enough time.

You didn't lose your touch... it's statistics.

Get ahold of your emotions.

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Pro Tip: If you spend more time trading than everyone else, it becomes pretty likely that you'll become better than everyone else.

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In 5 years you're either going to be successful or you'll have quit.

You'll still be 5 years older either way.

Might as well not give up.

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If you quit out of emotion, all you're doing is trading the pain and frustration of not being successful quickly enough for the excruciating regret of quitting.

Keep going.

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Assume you will succeed in the markets.

If you donโ€™t, that little sliver of doubt will make sure you fail.

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Trading is one of the most exponential careers in history.

Like all things exponential, it starts slow.

You aren't failing... you're just early.

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The market doesn't care about you.

It doesn't even notice you...

...and that's exactly how you want it.

Take it for all you can.

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#1 tip for traders who are close.

Stop trading random chop.

Trade only stocks and setups that are obvious and heavily watched on that particular day.

Many traders refer to this as being 'in-play'

This alone could change everything for you.

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In the short-term: Trade the self-fulfilling prophecy, the psychological TA.

In the long-term: Trade the fundamentals.

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Everyone thinks they have superior emotional control until they start trading.

That's when you're forced to develop it for real.

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You need to understand...

For many people, they're actually happier when progressing from $5k/month to $10k/month, than they are when remaining stagnant at $100k/month.

If happiness is the end goal, then the goal really isn't a number at all.

The goal is progression.

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