Pinned Tweet
Why Discipline Wins Over Time
Trading isn't about being right all the time. It's about having the discipline to wait, manage risk and act when the opportunity you have planned for is actually there.
It starts with patience.
The market is going to move every day, but that doesn't mean there is a trade for you every day. One of the biggest mistakes traders make is feeling the need to be involved. They come to the market looking for a trade, rather than coming to the market looking for their trade.
Having a plan gives you something to wait for. Your levels are identified, your scenarios are mapped out and you know what would make you interested — and, just as importantly, what would make you stay out.
Then comes discipline.
When your level is reached and your setup appears, discipline allows you to execute without hesitation. When it doesn't, discipline allows you to do nothing.
That sounds simple, but doing nothing is often one of the hardest things a trader can do.
Good risk management is part of that discipline. When a trade is wrong, you accept it and move on. You don't hold a losing position because you hope it will come back. You don't increase your risk because you want to recover a previous loss. One trade should never be allowed to dictate the next.
Over time, this is where consistency comes from.
You don't need to catch every move. You don't need to predict what the market will do next. You simply need to recognise the situations you understand, wait for them to develop around your levels, and execute your plan when they do.
Because the market will always test you.
It will test your patience when nothing is happening. It will test your discipline when you miss a move. It will test your confidence after a losing trade. And it will test your ability to stick to your plan when emotions tell you to do something different.
Ultimately, the market is a mirror.
It doesn't just test your analysis. It tests your behaviour.
The more disciplined you become, the less you need to force the market to give you something.
Come to the market looking for your trade — not looking for a trade.
That shift in mindset is where patience, planning, risk management and consistency all come together.
And over time, that discipline becomes your edge.
Finally got to read this. What an amazing story, of a young man who joined the RAF and became a Spitfire pilot at only 17yrs old.
Fought in the Battle of Britain, helped in the transport of Spitfires to Malta, and went on to have a career as a test pilot in the RAF.
We owe alot to people like him and many others too.
Great example of how retail traders over think stuff
Retail traders are looking for signals
Need confirmation / an absolute black and white “button press” moment
But this guy plays on the fact that the market is based on balance ( @waltervannelli is an expert in this field)
The move has happened he plays the reversion (look at pivots, these are what’s created from those moves this trader is describing)
The interviewer is trying to put this traders strategy into a box he understands - his face after each question is answered is probably the most telling of all.
Love the part at 4.48 - when he effectively describes what I believe in strongly, and that is
Time
Price
Behaviour
I like the point about risk reward - may help some of the prop firm traders (7.12)
Don’t overcomplicate the process. This trader has created a process HE understands, and is happy to execute - despite the fact there are some factual parts of the market he is happy to overlook as this does not add to his process. (Static risk 8.09)
The interviewer spends a lot of time trying to interpret what the traders describing into the retail traders language - classically shown here at 4.15 and the trader then turns it back and asks does this sound like that to you?
A very short, but far more interesting and telling interview than many I have trudged through over the years
youtu.be/-lxNWJGWtbg?si=qXeT…
When people use the phrase overtrading in the negative sense what they are actually describing is "going on tilt"
Which is a very different state of mind. It certainly isn't trading.
But taking multiple trades throughout a session. Whether it's 10 / 20/ 100 - it doesn't matter, what actually matters is that they were a set up that you actually take as part of your playbook
Trading is very basic, what every trader really is looking for in all this noise is a way to be able to read themselves, and understand why they do what they do - which is actually why most quit, its not the lost money its their inability to read themselves, and manage themselves in uncertainty
In my one to coaching sessions I often talk about talking out loud whilst doing your market analysis, it is often met with a strange reaction.
I've always done it - the brain accepts more clearly a vocal spoken word than just talking to yourself in your head - thats not just me saying that its been studied.
I also always talk about "layers" and here it is mentioned below too....
Structural Frameworks to Prevent Drifting
Voice Dictation: Speak your trading rationale out loud as the setup develops.
For example - Saying, "I am buying asset X because it crossed level Y with high volume," forces your brain to remain in the logical prefrontal cortex.
The Process Checklist: Before clicking 'buy' or 'sell', check off three mechanical rules on a physical piece of paper. This shifts your identity from a gambler trying to guess the future to an administrator executing a business process.
Mandatory Step-Aways: Set a hard rule to walk completely away from your screens for 10 minutes after a closed trade, regardless of whether it was a win or a loss. This resets your emotional baseline and prevents "revenge trading."
Quiet as expected
Sell limit order at 1.3248 / Cable which triggered, was half expecting price to go higher b4, but no...
Closed on alert @ 1.3214 for +34 Pips
All played live in Telegram Channel....
Keep it simple, place your trade - then let the market do the lifting.
You're either buying or selling - and you'll be right or wrong, there's nothing else to it -
No algorythm hunting your stop loss
No magic button that tells you when to take a trade
No Guarantee's
Just YOU...
Your Process
Your Decisions
Your risk managment
As my flying instructor used to say - Piss poor planning leads to piss poor performance!!
Bank holidays tomorrow - don't expect volume....
Indicators are for the most part all lagging.
But daily pivots are mathematically calculated from the previous session, so you have the beginnings of a roadmap.
Add two other things, and you have a process that is repeatable.
Why do you think floor traders, private funds, mkt makerS use them?
Oh and DONT FORGET
PRICE
PRICE
PRICE
Bids still open, will be flat on Mkt before #NFP numbers.
Expect a move up soon before.....
Great words here - not just monetary skin in the game but yourself, and your emotions have to be tested also.
Be consistent. In life, and in trading.
Consistent risk
Consistent execution
Consistent timing (the market has timing windows)
Consistent trade sizing
Whatever your edge tells you, or your data tells you there will always be a chance the trade is a loser.
Protect your capital.
If you have no chips - you can't enter the Casino
Ha ha so true, and just older people. Never take anything too seriously!!
Something I’ve noticed over the years.
The longer someone has actually been around markets, whether traders, fund managers, pre-Dodd prop guys and brokers, and especially old floor guys, the less seriously they tend to take themselves.
They bust balls. They can take a joke. Disagreement isn’t some deeply personal event.
I think a lot of it comes from the environment they came up in.
Old brokerage and trading floors, and pits especially from what I gather, selected for a very specific personality. Loud, competitive, physical, status-driven, and relentlessly insulting. You got a nickname whether you wanted one or not, probably not a flattering one. Someone could be screaming in your face and then having a drink with you after the close.
There wasn’t much room for being precious.
Markets themselves reinforce the same thing. Spend enough years being wrong, losing money, getting humbled, and watching incredibly smart people be completely full of shit, and eventually you stop treating every opinion like an extension of your identity.
Obviously there are exceptions, and I’m sure the old floors produced plenty of thin-skinned assholes too. There’s some survivorship bias in who is still around.
But I still notice the difference.
Some of the funniest and easiest people to talk markets with are guys who have been doing this for 20-30 years. Short, sarcastic, allergic to pretension, and usually more interested in who has size and what price is doing than dressing everything up in theory.
Then you get on modern Fintwit and disagreement can somehow turn into a moral event. The new generation can talk but that is about it. There is a smell of weakness still.
Idk, maybe that has less to do with trading than I think, though.
Maybe markets are just a small sample of what happened to society in general. We communicate more than ever, mostly from behind screens, while somehow becoming worse at handling the friction that comes with actually communicating with other people.
Either way, I think being able to laugh at yourself, take some shit, give some back, disagree with someone and still like them is a pretty healthy trait.
In markets and everywhere else.
Anyway, happy Saturday, hope it’s a good one.

















