Over the last year I’ve worked directly for 2 trading firms, mentored multiple 8-figure P&L traders, many 7-figure traders, and everything in between. Different styles, different personalities, but 4 universal truths. 1) Everyone starts this job clueless. At Trillium we'd joke

Hormozi's advice to traders on minimizing lifestyle risk:

The key characteristic of commodities is that they trend further and balance longer than folks anticipate When people who don’t often trade commodities trade commodities they tend to struggle because they try to treat them like other assets They do not behave like other assets

Your “life impact” is the aggregate number of things that change as a result of the actions you take. Few things change = low impact life Lots of things change = high impact life No matter how much you hate it, your actions not your intentions are what matter.

"The markets are like a smorgasbord. You can go back and fill your plate at any time." Meaning: the markets will always be there. Don't worry about missed moves. It's OK to take time off. New opportunity always await!

What to do when you're not sure what to do: Build capacity. Ex: - Go to bed on time when you’re not sure what to do the next day - Build an audience when you're not sure what product to sell - Add goodwill to your email list when you don’t have a promo - Get in shape when you

Jim is the best to ever do it in my opinion however if you aren’t a quant you better be trading around news. Those times when there is a fresh catalyst are one of the few times that you as a retail trader, have meaningful edge. Your most significant advantage is your ability to

When it comes to the age old question of whether to trade multiple markets / setups or specialise in one, remember: “A jack of all trades is a master of none but oftentimes better than a master of one”

Idolizing others and trying to copy everything they do won’t get you where you want to be. You have to put the time in, do the work. You MUST personalize. Forge a process that’s your own, built on your own wounds and victories; tailored to your own strengths and weaknesses.

It always takes longer, costs more, and isn’t as easy as you thought it would be. And the expectation that it shouldn’t, just makes it take longer, cost more, and be even harder should be.

Expect the unexpected. As the market evolves it is increasingly more important to bring a dose of ‘expecting the unexpected’ into your operations. It’s nuanced, you don’t want to be going rogue all the time, but if everyone is looking for one thing you should entertain what it

Your strategy is not the problem. Your lack of discipline to only execute your strategy is the problem.

Remember that what goes down, will keep going down until you sell it. Cheers

You're not getting what you want because you're not attacking the problems you have enough times and enough ways.

Funny how so much of what goes into good trading simply comes back to the classic quotes we often hear: “Context is king” “Take what the market gives you, not what you want from the market” “Take trades that should work, not trades that could work” “The trend is your

You’re not where you want to be because you don’t have the skills to get there yet. But you have all the time in the world to learn them as long as you never give up.

Apathy: The habit of disengaging because effort hurts more than staying stuck

Case and point: At night I make list of pinballs, 5 SMAs. 3 bars etc. If I hand fed you this nice play in TRV (5 SMA Buy and pinball), bet most wouldn't have confidence to aggressively long it on opening. 95% don't even know how to do research. Forget about others work till you

Waiting, waiting, and more waiting for an environment ripe for your strategy. It's a HUGE and DEAD-SIMPLE concept. The final internalization, where it really sticks, comes after years of brutally sabotaging yourself. Most quit before getting there.

People think trading is an escape from their 9-5. In reality, a successful trader has to work harder than anyone that works a 9-5 & constantly learn and maintain their edge in the markets. If you want success it won’t come easy.