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Motivation

USD/CAD Bullish ABCD--- Online JournalI wanted to post this chart as a reminder to myself and others of what not to do. I drew this ABCD pattern last week some time and then the pattern software picked it up later, but notice ho PA came down and tested the PRZ and the rocketed the he__ out of there. this is an example of a type 1 trade by Carney's definition. price comes in stabs the PRZ and leaves and never comes back. as a harmonic trader these trades are the nightmare for the system. Why? Because, you find yourself chasing the trade the entire time, and then you go from a 2:1, 3:1, or even 5:1 RR to a quick 1:1 or less RR just to have it retest the area to blow your stops out and move on up some more. I have done some significant damage to my account chasing these type of trades. So, this is a reminder to myself namely to DONT CHASE A TRADE. wait for the right set up. look for some consolidation or some indecision and then trade. Let the pair allow you to catch it, don't case it. The system works if I (or you if youre reading this) work it properly. Also, if there is a lot of news swirling around wait for the market to clam back down. when there is a lot of news coming out because of XYZ event the markets act irrational will blow patterns, harmonics, S&R levels, Supply/Demand levels, and etc. out of the water. The market acts irrationally in a rational manner, its a nightmare when the market acts irrational... irrationally. to my future self, this is your past self and you got this. the system works and you know it works. if you doubt yourself go back thorough our past ideas and see how well it works. if you are losing alot of trades ask if the market is acting irrationally in a rational manner or is it acting irrationally in an irrational manner? are we forcing trades? are we chasing trades? if so stop, because if not that money lost will not be there for when the right trade presents itself AGAIN later in the future when the market is acting like its normal self. If youre not me and you found this helpful great! if youre not me and found this NOT helpful...okay... so what?! ;) Happy Trading Future R.Guy and other traders!
Long
by ARegularGuy
Discipline or Motivation?💥Welcome friends!💋 What's more important to you: Discipline or Motivation? Today we'll talk about it.😊 There are two main ways to force yourself to do something: ⚡ the first, most popular, is try to motivate yourself; ⚡ the second, less popular, is to develop self - discipline. What's the difference?🧐 Motivation is based on the erroneous assumption, that a specific mental or emotional state is needed to complete a task. Discipline separates activity from moods and feelings and thus bypasses the problem. The consequences are staggering. Simply put, you don't have to wait until you'll in Olympic form to start training. No, you train to achieve this form!!!! Why discipline is more important than motivation ? IMHO🧐 Chasing motivation means, that we need to do only what we're in the mood for. The trick is to cut the connection between feelings and actions, to do right thing anyway. You will feel good and energetic afterwards. To achieve success with only motivation is the wrong way. You risk losing your enthusiasm very quickly. Since real life in the real world sometimes requires people to do things that can't always be done only with enthusiasm, sometimes willpower is needed. Motivation has a tiny shelf life and needs to be constantly updated. Motivation is not the best foundation for your normal daily activities, and it is unlikely to help you achieve long-term results. Discipline is a motor, that once started and constantly supplies energy to You. For consistent, long-term results, discipline trumps motivation. Discipline is when you do something even when you're not in your best condition. Discipline is more or less permanent, and motivation is fleeting. How to develop discipline? 🧐 You need to acquiring habits - starting with small, even micro ones, gaining momentum, using them to make further changes in daily life. THE MAIN ADVICE TO YOU: Even if it's difficult for you - fight!🔥 The hardest fight is the fight with yourself! But the victory would be so sweet💪🏻 Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
6
Choose YOUR own CORRECT way 🙏🏻My dear - dear Friends, probably one of the biggest reasons, newbies come to the crypto market is quick and easy profits. Indeed, the Internet are full of different advertisements, that making money can be easy and effortless on the Crypto market, but that's not true. Now I'm ashamed to admit, but ones, I came here for the same reason.🤦🏻‍♀️ And like many newbies, I made many mistakes. Any person, who wants walking trader's journey has initially two roads - (on the picture I marked them as "correct" and "wrong"). That's my subjective vision, which I demonstrate you after passing the difficult path of my own. WRONG WAY: ◽ Waiting for quick money. ◽ Changing the trading system after each loss. ◽ Using different approaches without understanding them. ◽ Looking for a trading guru, who promises a big income in the shortest time. CORRECT WAY: ◽ Realize that's ok to loss money, but need try to control risks and analyze our own mistakes. ◽ Desire to develop Yourself . Create your own trading system and improve it. ◽ Carefully study the main approaches, analyze what works best for you. ◽ Find someone, who will point out Your mistakes, can help with advice, but wouldn't do all work for you. Having gone the wrong way, I decided to go back and start from the very beginning. And I'm not going to stop!Only forward! I really hope my post helps newbies. It's impossible to avoid all mistakes, everyone has their own path. But how comfort it will be, that's all depends on you! But we Ukrainians say: "Forewarned is forearmed!" I wish You patience, strength, perseverance and a huge desire to conquer the market, because every minute it is filled with different opportunities. But without knowledge it will be very difficult to "catch" these opportunities! Stay safe and optimistic🙏🏻 I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
21
How to stay motivated 😉Hello friends! Have you ever felt tired of what you have been doing for a long time? Wild desire to quit this and forget about it forever? I've experienced this a hundred times. What helped me? - recreation - discipline - motivation. I wrote earlier a post about <>. If you have a desire, search for the hashtag #rocketbombmotivation . On the screen, you see a list of what helped me become better🧡 A few years ago, I considered myself perfect girl. I thought I was too good for what was written above, that these are all Instagram phrases to attract attention. I laughed at all this. But I'm glad, that life showed me a different side at one moment. I have lost a lot. But I learned a lesson, an invaluable lesson that made me go up step by step. in 2017, I invested a lot of money in Cryptocurrency trading with absolutely no knowledge.🤦🏻‍♀️🤦🏻‍♀️🤦🏻‍♀️ It seemed to me that I would soon become incredibly rich, becouse Bitcoin continued grow ... As long as your wallet grows, you feel that you are a hero, even a super-hero. What happens next? When I realized that my deposit is almost zero and that my dreams of untold wealth have been destroyed, panic, hysteria begins. At such moments, it seems that you are on the verge of abyss . And all because of what? Because of my own stupidity!🤦🏻‍♀️ How foolish was it to hope that without knowledge and without skills I can become rich? It's impossible. But I'm grateful to fate, that 2018 became a turning point and special for my life. Only "on the verge of abyss", I realized that it was the most valuable lesson, what I need to change my thinking in order to become successful. That's why I've (from the very beginning of my stay here) always said that EVRYBODY need to develop and improve YOURSELF. I wish each of You success and I'll be very glad if my experience can help You to avoid mistakes that happened to me😘 Thank you very much for your attention, I hope you were not bored!😏 Always sincere with You🧡💋 Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
4