Host of The Words of Rizdom Podcast & @chartfanatics The #1 Trading Podcast In The World 👇

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Replying to @BagChaserCorey
And the forced one usually comes with bigger size too, because you're trying to make up for the move you missed.
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Replying to @KyrusTrades
Exactly. Skipping the first one is easy to explain. Skipping the one that looks almost right is the real test.
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Replying to @theresettrader
🤝🤝 these little changes make all the difference to the bigger picture!
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Replying to @MTrader003
You’re welcome! Hope you enjoy the vids 🎬🏆
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Replying to @AlbeheiriMarwan
Thanks for reading!
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Replying to @PerceptivTrader
It does feel good, subconsciously too you are setting yourself a good routine of following a set of rules which will lead to accelerated progress in the markets ✅
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Replying to @TheShadowHeDo
Most definitely, as long as they all follow a desired and pre-structured plan and don’t fall into the fallacy of entering based on ‘it’s going down’.
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Market Wizard Lance Breitstein says experienced traders often know when they’re making a mistake. They still struggle to close the trade. “When you're making a mistake, you know it deep down in your subconscious.” You had a thesis. Then the chart moved against it. Now you’re waiting for silver to crack, or for a stock to pull back, because that’s what you believed should happen. The position stays open for mainly three reasons: 1. Closing it makes the loss real. 2. You still think the reversal could come. 3. Missing that reversal feels unbearable. Lance describes the trap: “The pain of your loss... is still less than the pain of FOMO.” His way to break it is to remove the position from the equation. “Let me just get flat and reassess. I can always put this trade right back on.” Once he’s out, he says the trance wears off. He can look at the chart again without needing it to prove him right. The warning sign is the moment you feel you cannot get flat or step away. That’s precisely when Lance says the break matters most. Have you ever held a trade you knew was wrong because you couldn’t bear watching it reverse without you? Lance and five other professional traders go deeper on conviction, emotional attachment, and when to abandon a thesis in the Full Episode. 👇
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You wait for a setup, miss it, then watch price run without you. It happened to me. The next chart looked close enough and I nearly jumped in. I didn't, because it was missing my conditions. A missed trade costs you nothing. The one you force after it can cost a lot.
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Sometimes, yes. But the stop still goes to break-even first. Once the risk is off, a partial is a choice, not a need.
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Replying to @ChartAcademyx
The connection between physical stress and decision making is a really important part of trading psychology. Recognizing that reaction early can help create a pause before emotions take over the process 🧠
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Riz Iqbal retweeted
The order fills. Your jaw tightens, your eyes lock on the P&L, and your breath stops. Rande Howell teaches traders to catch this exact moment. Stress shows up in the body first, then fight or flight takes over the decision. The fix starts with one slow breath from the belly.
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Replying to @PropFirmTrader
Great example of perspective
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Riz Iqbal retweeted
Harry wins only 35% of his trades. He still made over $250K in prop firm payouts in under 2 years. He loses almost 2 out of every 3 trades. His wins are just much bigger than his losses.
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Riz Iqbal retweeted
A 10% loss needs an 11% gain to get back to even. A 25% loss needs 33%. A 50% loss needs 100%. This is why the professional traders we sit down with talk about protecting their account long before they talk about making money.
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Replying to @VishnuN19727967
Exactly bro 👊
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Replying to @ceejaeh17
Appreciate it 🙌
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Replying to @glareone
True, risk management has to account for that too
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Replying to @SeanSoundPsych
Exactly, Following the rule despite the feeling is the real skill
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