Gemi Trader
Open Trade
Frequent Trader
9.8 Months
I am a disciplined and consistent translator.
1 Following
79 Followers
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Quotes
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The common mistake of all failed traders is ignoring their own trading system that was initially set, which then leads to a series of subsequent mistakes resulting in losses.
So the question arises: Why do we not adhere to our own trading system?
To justify, there are millions of reasons that sound reasonable, but there is only one thing that truly matters: YOU REALLY DO NOT TRUST YOUR OWN TRADING SYSTEM.
#GemiTrader
So the question arises: Why do we not adhere to our own trading system?
To justify, there are millions of reasons that sound reasonable, but there is only one thing that truly matters: YOU REALLY DO NOT TRUST YOUR OWN TRADING SYSTEM.
#GemiTrader
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Everything in the universe operates in cycles
The earth rotates in cycles, the moon also rotates in cycles
All financial markets are the same, they also have uptrends and downtrends
And your trading account is the same, it also has cycles of going up and going down
When the account enters a down cycle -> that means a period of losses,
it is something that naturally must happen.
Don’t try to fight it by removing stop losses, increasing volume, or recklessly "punching" the market to force the account back to positive.
Because essentially, losses are just a part of the normal up and down cycle of the account.
What you need to do is minimize losses as much as possible during the down phase,
then wait for the up cycle to appear, and the money will come back to you.
So don’t foolishly go against "THE LAW OF LIFE" called CYCLE
#GemiTrader
The earth rotates in cycles, the moon also rotates in cycles
All financial markets are the same, they also have uptrends and downtrends
And your trading account is the same, it also has cycles of going up and going down
When the account enters a down cycle -> that means a period of losses,
it is something that naturally must happen.
Don’t try to fight it by removing stop losses, increasing volume, or recklessly "punching" the market to force the account back to positive.
Because essentially, losses are just a part of the normal up and down cycle of the account.
What you need to do is minimize losses as much as possible during the down phase,
then wait for the up cycle to appear, and the money will come back to you.
So don’t foolishly go against "THE LAW OF LIFE" called CYCLE
#GemiTrader
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THE PATH OF PROBABILITY
Imagine flipping a coin.
In the first few times, you might get a streak of heads or tails. But if you flip it enough times, say 1000, the results will almost certainly revert to a 50/50 ratio. That is the essence of probability.
Trading is the same. You don't need any magic, you just need to walk the path of probability; statistically speaking, you will win if you choose a method that's good enough (just 60/40).
To maintain such persistence and consistency, you need a clear mind. The simplest way is to learn how to breathe. When you focus on your breath, you are truly "present in the moment". This is not just an exercise, but also a way to care for your mind. Your clarity is directly linked to how you breathe; "breathe correctly", and your mind will be clear. And with a clear mind, you can absolutely become a great trader.
#gemitrader #trading #trader
Imagine flipping a coin.
In the first few times, you might get a streak of heads or tails. But if you flip it enough times, say 1000, the results will almost certainly revert to a 50/50 ratio. That is the essence of probability.
Trading is the same. You don't need any magic, you just need to walk the path of probability; statistically speaking, you will win if you choose a method that's good enough (just 60/40).
To maintain such persistence and consistency, you need a clear mind. The simplest way is to learn how to breathe. When you focus on your breath, you are truly "present in the moment". This is not just an exercise, but also a way to care for your mind. Your clarity is directly linked to how you breathe; "breathe correctly", and your mind will be clear. And with a clear mind, you can absolutely become a great trader.
#gemitrader #trading #trader
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GIVE YOUR ALL
Work with all your heart, love with all your heart, play with all your heart - it means that in everything you do, you put all your effort into it. Don't do it half-heartedly, don't do it halfway.
When you live fully, no matter if you succeed or fail later, you still feel at ease because you have tried your best.
Success is just the result of many combined factors. And "giving your all" is a necessary factor.
Giving your all may not guarantee victory, but not giving your all will surely lead to failure.
Therefore, just live to the fullest, do your best, this is the true victory.
Work with all your heart, love with all your heart, play with all your heart - it means that in everything you do, you put all your effort into it. Don't do it half-heartedly, don't do it halfway.
When you live fully, no matter if you succeed or fail later, you still feel at ease because you have tried your best.
Success is just the result of many combined factors. And "giving your all" is a necessary factor.
Giving your all may not guarantee victory, but not giving your all will surely lead to failure.
Therefore, just live to the fullest, do your best, this is the true victory.
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The mistakes of Jesse Livermore
We hear a lot about the success of Jesse Livermore, one of the greatest stock market geniuses of all time. But we rarely know about his mistakes.
Thus his life is a tragedy.
Below are the mistakes of Jesse Livermore that we summarize and try to minimize making.
1. Not adhering to self-discipline
• Although he is famous for the principle of 'cut losses quickly, let profits run', he often failed to do so himself.
Thus his life is a tragedy.
Below are the mistakes of Jesse Livermore that we summarize and try to minimize making.
1. Not adhering to self-discipline
• Although he is famous for the principle of 'cut losses quickly, let profits run', he often failed to do so himself.
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"Follow your principles as if they were laws. Do not worry if others criticize or mock you, as their opinions are not your concern".
- Epictetus -
#trading #trader #forex
- Epictetus -
#trading #trader #forex
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How long does it take for a trader to make money from trading?
P/s: I took more than 5 years to make a profit from trading, so for those who have been trading for less than 4 or 5 years, just consider this time as being in the process of practice, don't rush to make quick money, during this phase, find a way to survive until the fifth year and then continue the conversation.
#trader #gemiug
P/s: I took more than 5 years to make a profit from trading, so for those who have been trading for less than 4 or 5 years, just consider this time as being in the process of practice, don't rush to make quick money, during this phase, find a way to survive until the fifth year and then continue the conversation.
#trader #gemiug
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If you consciously handle transactions executed in the Present, you will not create any compellingly urgent transactions executed in the Future. This is the key to handling transactions and eliminating a range of unnecessary mistakes in the Future.
#tradingtips #trade
#tradingtips #trade
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HOW TO DISCIPLINE IN TRADING?
After a few years in the market, we learn from east to west, find and build a trading system that suits ourselves, and have 3-5 years of real trading experience to accumulate "battle psychology" then in order to earn sustainable money in this market, we must "TRADE WITH A VOLUME THAT SUITS OURSELVES", because when we "TRADE WITH A VOLUME THAT SUITS OURSELVES" we will naturally discipline ourselves easily, no longer have the desire to enter trades, no longer be fomo, no longer DCA when in loss, no longer blow accounts, no longer fear when in profit, no longer panic or fear when the market fluctuates strongly, or no longer be excited when winning big, no longer frequently check the screen for trades that are in profit or loss => AT THIS POINT, we solve the problem of "HOW TO DISCIPLINE".
"SO TO BE DISCIPLINED, WE MUST TRADE WITH A VOLUME THAT SUITS OUR PERSONAL FINANCIAL POSITION"
SO HOW TO FIND A VOLUME THAT SUITS OURSELVES, we must test it, for example, if previously we had a stop loss of $200 per trade and still had the behavior of "constantly checking our phone" then this volume is not suitable for us, we gradually lower it down to $100, $50, $30, $20, 10$ , reduce it to the volume where when we enter trades we no longer have the behavior of "checking our phone for trades that are in profit or loss" then this volume is "SUITABLE VOLUME FOR US". Then continue trading that volume for a long time to test our behavior/emotions, if still over-trading then gradually lower it down to find our correct VOLUME.
Wishing you find a VOLUME THAT SUITS YOURSELF.
#tradingtips #jessegemi
After a few years in the market, we learn from east to west, find and build a trading system that suits ourselves, and have 3-5 years of real trading experience to accumulate "battle psychology" then in order to earn sustainable money in this market, we must "TRADE WITH A VOLUME THAT SUITS OURSELVES", because when we "TRADE WITH A VOLUME THAT SUITS OURSELVES" we will naturally discipline ourselves easily, no longer have the desire to enter trades, no longer be fomo, no longer DCA when in loss, no longer blow accounts, no longer fear when in profit, no longer panic or fear when the market fluctuates strongly, or no longer be excited when winning big, no longer frequently check the screen for trades that are in profit or loss => AT THIS POINT, we solve the problem of "HOW TO DISCIPLINE".
"SO TO BE DISCIPLINED, WE MUST TRADE WITH A VOLUME THAT SUITS OUR PERSONAL FINANCIAL POSITION"
SO HOW TO FIND A VOLUME THAT SUITS OURSELVES, we must test it, for example, if previously we had a stop loss of $200 per trade and still had the behavior of "constantly checking our phone" then this volume is not suitable for us, we gradually lower it down to $100, $50, $30, $20, 10$ , reduce it to the volume where when we enter trades we no longer have the behavior of "checking our phone for trades that are in profit or loss" then this volume is "SUITABLE VOLUME FOR US". Then continue trading that volume for a long time to test our behavior/emotions, if still over-trading then gradually lower it down to find our correct VOLUME.
Wishing you find a VOLUME THAT SUITS YOURSELF.
#tradingtips #jessegemi
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You can win with some altcoins, but you can't beat the market all the time.
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"Don't let yourself get caught up in the short-term fluctuations of the market" - Jesse Livermore
#tradingtips #jessegemi #trading #trade
#tradingtips #jessegemi #trading #trade
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You can only reap rewards if you play well, not because you crave victory.
You don’t need to be a distinguished scholar to understand this.
Just observe yourself. You will notice that whenever you take an action without expectation, your life experience will qualitatively differ from those times you do it with expectation. A typical example is to recall the times you played something you liked. You immersed yourself in that game with passion and your whole mind, and of course, you played to win, but you didn’t get disheartened if you lost. That’s because you enjoyed the process of playing so much that you were ready to play again. If you play with joy, the outcome becomes less significant. If you can bring this awareness into every aspect of life, your life experience will transform dramatically. Above all, you can only reap rewards if you play well, not because you crave victory.
Just observe yourself. You will notice that whenever you take an action without expectation, your life experience will qualitatively differ from those times you do it with expectation. A typical example is to recall the times you played something you liked. You immersed yourself in that game with passion and your whole mind, and of course, you played to win, but you didn’t get disheartened if you lost. That’s because you enjoyed the process of playing so much that you were ready to play again. If you play with joy, the outcome becomes less significant. If you can bring this awareness into every aspect of life, your life experience will transform dramatically. Above all, you can only reap rewards if you play well, not because you crave victory.
See original
STOP OVERTHINKING AND BE MORE RELAXED WITH OTHERS.
In life, let's reduce our calculations with others, be less strict with ourselves, and in trading, we should also stop nitpicking entry points by each pip, each candle... then we will naturally feel more at ease and find it easier to trade. The market will also be less tense for us, and we will no longer feel like the market is 'harassing' us, but rather like we are 'going along' with it.
There was a time when I, like many others, always wanted to catch the entire wave, from the bottom to the top, not missing a single pip. But later I understood: no one can catch the entire wave forever; pushing too hard will lead to failure.
Especially right after making a big win, having a significant profit, one starts to regret small trades. "If only I had entered with a larger volume, I would have made 2x or 3x by now..." That very thought is when we begin to overthink with the market.
Many think that if they have 100k, they will earn several tens of thousands of dollars each month, totaling 400-500 million a month, which sounds good in theory, but in practice, it is very different. Even if one can earn, they will quickly lose it back. Why? Because they do not have the skill to manage that 100k account.
In reality, the market pays you based on your ability, mindset, experience, and capital at that time, just like when you go to work: as a staff member, you receive a staff salary at the end of the month; as a manager, you should receive a salary higher than that of the staff member. If you are a staff member asking for a manager's salary, how can the 'market boss' accommodate that? The profits you achieve must align with your ability, mindset, and financial position.
In life, let's reduce our calculations with others, be less strict with ourselves, and in trading, we should also stop nitpicking entry points by each pip, each candle... then we will naturally feel more at ease and find it easier to trade. The market will also be less tense for us, and we will no longer feel like the market is 'harassing' us, but rather like we are 'going along' with it.
There was a time when I, like many others, always wanted to catch the entire wave, from the bottom to the top, not missing a single pip. But later I understood: no one can catch the entire wave forever; pushing too hard will lead to failure.
Especially right after making a big win, having a significant profit, one starts to regret small trades. "If only I had entered with a larger volume, I would have made 2x or 3x by now..." That very thought is when we begin to overthink with the market.
Many think that if they have 100k, they will earn several tens of thousands of dollars each month, totaling 400-500 million a month, which sounds good in theory, but in practice, it is very different. Even if one can earn, they will quickly lose it back. Why? Because they do not have the skill to manage that 100k account.
In reality, the market pays you based on your ability, mindset, experience, and capital at that time, just like when you go to work: as a staff member, you receive a staff salary at the end of the month; as a manager, you should receive a salary higher than that of the staff member. If you are a staff member asking for a manager's salary, how can the 'market boss' accommodate that? The profits you achieve must align with your ability, mindset, and financial position.
See original
In trading, failure to adhere to capital management and one's own carelessness can put the whole family under a bridge, so brothers should determine before depositing money into this financial game, to ascertain that this amount of money, IF LOST, will not affect their outside life, then play; otherwise, if it affects outside life, then brothers are putting themselves in a "dead end".
#tradingtips
#tradingtips
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Study the failures of others to reflect on yourself
You will see many, not only in trading but also in our outside lives, that those who fail often exhibit certain behaviors, emotions, actions, and personalities. Write them down, for example: a hot-tempered personality, being careless in everything, engaging in quick profits without considering the long term, always prioritizing personal gain before others, starting something with enthusiasm but then losing motivation over time, promises that are quickly forgotten, complaining about exhaustion after only a little effort, speaking ill of the boss, speaking ill of colleagues, always in a victim mindset of a situation and ready to switch to blaming others when issues arise. Reflect if you have such behaviors; this is the external side of your life.
So, think about whether your characteristics and traits in trading are okay: are you still experiencing FOMO, do you still look at others' wallets, are you still excessively greedy trying to recover losses from previous trades, are you still overly confident in yourself, are you still afraid to enter trades when the market sets up the right entry for you, do you still place too much hope on a single trade to define your success, do you still judge and criticize others' analyses, do you still hope when a trade is losing or feel fear when holding onto profits, do you still cling to the right/wrong (binary) nature of each trade?
#tradingtips
You will see many, not only in trading but also in our outside lives, that those who fail often exhibit certain behaviors, emotions, actions, and personalities. Write them down, for example: a hot-tempered personality, being careless in everything, engaging in quick profits without considering the long term, always prioritizing personal gain before others, starting something with enthusiasm but then losing motivation over time, promises that are quickly forgotten, complaining about exhaustion after only a little effort, speaking ill of the boss, speaking ill of colleagues, always in a victim mindset of a situation and ready to switch to blaming others when issues arise. Reflect if you have such behaviors; this is the external side of your life.
So, think about whether your characteristics and traits in trading are okay: are you still experiencing FOMO, do you still look at others' wallets, are you still excessively greedy trying to recover losses from previous trades, are you still overly confident in yourself, are you still afraid to enter trades when the market sets up the right entry for you, do you still place too much hope on a single trade to define your success, do you still judge and criticize others' analyses, do you still hope when a trade is losing or feel fear when holding onto profits, do you still cling to the right/wrong (binary) nature of each trade?
#tradingtips
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IRRESISTIBLE URGE IN TRADING
In trading, there is a very familiar feeling that everyone has experienced, which is the state of: "irresistible urge".
It is not a clear setup signal.
It is not the plan that you have laid out.
It simply is... the feeling that you must enter a trade immediately.
"Because I think this is a golden opportunity, rare, if I don't enter now, I will miss a sure win opportunity within reach, entering at this moment is no longer in my trading system, and along with that, there is no stop loss, high volume, no capital management, and a thought like a nail in my head that says 'this trade will win'.
This irresistible urge comes from FOMO (fear of missing out), from greed, from the fear of falling behind, the fear of not having any more opportunities in the future, so at that moment, your mind is no longer clear, you are trading based on emotions and it leads to a series of mistakes such as DCA to break even, revenge trading, the result is what you probably already know, blowing the account is a given.
So when you have this emotional state of "IRRESISTIBLE URGE" repeating while you trade, take a 5-second pause to ask yourself: Is this entry based on my system or my emotions? Start checking the checklist of entry conditions to see if they are met; if they are, it means you are trading within your system, so it’s okay to enter the trade. If not, it means you are being led by emotions, at this point, turn off the machine, close the app, go outside, and repeat this process gradually, then you will cure this issue, and from there, your trading journey will have a significant leap in terms of mindset and emotions.
#tradingtips
In trading, there is a very familiar feeling that everyone has experienced, which is the state of: "irresistible urge".
It is not a clear setup signal.
It is not the plan that you have laid out.
It simply is... the feeling that you must enter a trade immediately.
"Because I think this is a golden opportunity, rare, if I don't enter now, I will miss a sure win opportunity within reach, entering at this moment is no longer in my trading system, and along with that, there is no stop loss, high volume, no capital management, and a thought like a nail in my head that says 'this trade will win'.
This irresistible urge comes from FOMO (fear of missing out), from greed, from the fear of falling behind, the fear of not having any more opportunities in the future, so at that moment, your mind is no longer clear, you are trading based on emotions and it leads to a series of mistakes such as DCA to break even, revenge trading, the result is what you probably already know, blowing the account is a given.
So when you have this emotional state of "IRRESISTIBLE URGE" repeating while you trade, take a 5-second pause to ask yourself: Is this entry based on my system or my emotions? Start checking the checklist of entry conditions to see if they are met; if they are, it means you are trading within your system, so it’s okay to enter the trade. If not, it means you are being led by emotions, at this point, turn off the machine, close the app, go outside, and repeat this process gradually, then you will cure this issue, and from there, your trading journey will have a significant leap in terms of mindset and emotions.
#tradingtips
See original
When unable to determine the entry point
The only way is to go with the flow
That is to trade in the direction of the main trend of larger time frames H4 or D1
Wait for the price to retrace to the SUPPORT / RESISTANCE AREAS of the larger time frames
Then open smaller time frames to find the entry points
And cut losses, take profits according to the smaller time frame to optimize
That is the way to follow the crowd, going with the trend of the market,
The crowd can be foolish, but never go against it
#tradingtips
The only way is to go with the flow
That is to trade in the direction of the main trend of larger time frames H4 or D1
Wait for the price to retrace to the SUPPORT / RESISTANCE AREAS of the larger time frames
Then open smaller time frames to find the entry points
And cut losses, take profits according to the smaller time frame to optimize
That is the way to follow the crowd, going with the trend of the market,
The crowd can be foolish, but never go against it
#tradingtips
See original
Writing for those who have been trading for a long time (this article is not for newbies)
Do you guys notice why we have methods, systems, and principles?
Although there are many transactions, we still know our clear principles, there are 4 or 5 conditions to enter an order and execute it.
But many times I still click my tongue and overlook 1 or 2 conditions, at that moment, it seems like something is wrong, but at that time, the greedy part of me says, what's the problem, trading is all about probabilities, let's just go for it, it's the same anyway, just enter the order, why think too much, then that trade order brings profits to the group many times, and then the group starts to think, do we need to have all the principles to still make money, it’s about probabilities, why do we need rigid principles, gradually the group forms the habit of clicking their tongues, when the market conditions are no longer favorable, those principles will protect the group, but the group has gotten used to that tongue-clicking, so they will still enter orders, while the principles don’t have enough conditions to enter, at this time the market will take back all the profits the group has made, even though the group still has other principles that don’t lead them to blow their accounts, but their accounts are still in the negative, the group gradually doubts their own abilities, and then they will leave the market.
Although there are many transactions, we still know our clear principles, there are 4 or 5 conditions to enter an order and execute it.
But many times I still click my tongue and overlook 1 or 2 conditions, at that moment, it seems like something is wrong, but at that time, the greedy part of me says, what's the problem, trading is all about probabilities, let's just go for it, it's the same anyway, just enter the order, why think too much, then that trade order brings profits to the group many times, and then the group starts to think, do we need to have all the principles to still make money, it’s about probabilities, why do we need rigid principles, gradually the group forms the habit of clicking their tongues, when the market conditions are no longer favorable, those principles will protect the group, but the group has gotten used to that tongue-clicking, so they will still enter orders, while the principles don’t have enough conditions to enter, at this time the market will take back all the profits the group has made, even though the group still has other principles that don’t lead them to blow their accounts, but their accounts are still in the negative, the group gradually doubts their own abilities, and then they will leave the market.
See original
THE DISTANCE FROM KNOWING TO DOING
KNOWING HOW TO GYM WILL GIVE YOU GOOD HEALTH, BUT HOW MANY PEOPLE WORK OUT, HOW MANY CAN MAINTAIN IT AS A DAILY HABIT?
Knowing to wake up early is good for health, feeling more refreshed, having more time for oneself to read books, meditate, and run, but how many people actually do it, how many can maintain it.
KNOWING HOW TO READ BOOKS IS VERY GOOD, IT OPENS YOUR MIND MORE, MAKES YOU SMARTER AND BRIGHTER, BUT HOW MANY PEOPLE READ, HOW MANY CAN MAINTAIN IT AS A DAILY HABIT?
Knowing to wake up early is good for health, feeling more refreshed, having more time for oneself to read books, meditate, and run, but how many people actually do it, how many can maintain it.
KNOWING HOW TO READ BOOKS IS VERY GOOD, IT OPENS YOUR MIND MORE, MAKES YOU SMARTER AND BRIGHTER, BUT HOW MANY PEOPLE READ, HOW MANY CAN MAINTAIN IT AS A DAILY HABIT?
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