Hello traders! I'm Sara, you might know me also as The Perceptive Trader. I'm a full-time currency trader and a trading performance coach. Trading and psychology are the two biggest passions that energize my life and I was fortunate enough to merge them together and create my life purpose around that and helping other traders succeed in this field. Some other passions of mine include going to the gym, traveling, playing piano, spirituality, self-improvement, writing, coaching, and counseling. There's a lot more I could share with you about me and I'm eager to do it along the way. I believe you can know me better from my Twitter content (@PerceptivTrader) and newsletter The High-Performing Trader - where I share weekly posts on trading psychology and performance --> https://theperceptivetrader.substack.com/ I hope you take the biggest value out of this amazing group that Matt had the delight to create! It's an awesome opportunity to feed your passion for the markets and grow with shared perspectives! Excited to share my knowledge, learn and connect with you all!
Hello everyone, Dumb is Profitable; The title is catchy, but let me share a reflection that I've recently had for myself. Being smart and intelligent can definitely give you a lot of opportunities, but it also has a lot of drawbacks. You see, smart people are always questioning themselves to death with all the possible scenarios. They overthink. They take weeks to make a decision. They overanalyze every single step. Meanwhile, the "dumb" person just says: "F**k it, let's do it and see what happens." And he gets after what he set as a goal immediately, without a week of overthinking and analyzing each step. This kind of mindset and attitude is reflected in life, business, and of course - in trading. Do you ever wonder why another person has succeeded faster than you? It's because they make faster decisions and take relentless action. Examples: There are guys who have studied all the concepts, read all the books, and maybe even written books. They know all the patterns and can immediately spot them in the charts. But ask those guys to trade, and they will most likely freeze or mess up their trades. Those are not Traders. Just smart, intelligent people who know everything, yet fail to make money on their knowledge... Meanwhile, there are other traders, who haven't read any books, haven't watched much YouTube videos on trading, have only 1 mentor and have only 1 trading system, they are simply killing the game month after month. They don't know the names of all patterns and indicators. Their charts are not complex. In fact - they are stupid and simple. You might look into their charts and ask yourself: "How is this guy even making money?". These guys are definitely not "dumb". They are just fearless, action-taking machines. They get after their goals immediately and learn from the real-world feedback they get. And not from books and videos. Execution & Real Experience are the keys that build true knowledge! Not theory. I recently watched Oppenheimer, and they said it in the movie.
Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habits. Watch your habits; they become character. Watch your character; it becomes your destiny." Lao-Tze All the market research and strategy creation and improvement requires execution in the moment. If this is the case, then let’s concentrate on that moment and our state of mind in that moment.