Read on Twitter
I remember when I had my first call with @RadioSilentplay and he introduced the Rule of Three.
It was eye opening & everything made beautiful sense, *but* - mentally I struggled with choosing a PPM (PERSONAL profit margin) and staying loyal to it.
It was eye opening & everything made beautiful sense, *but* - mentally I struggled with choosing a PPM (PERSONAL profit margin) and staying loyal to it.
As an overthinker and wannabe perfectionist, my thoughts were - what if the number’s too high? Or too low? How can I commit when every play varies so much in potential? What are other people doing?
So, I half-assed my plan. I held out on locking profits based on the potential of each play.
Random, anxiety-driven sells. Operating at a fear of loss / missing out.
Made solid gains one day, & handed them right back the next. Vicious cycle of one step forward, two steps back.
Random, anxiety-driven sells. Operating at a fear of loss / missing out.
Made solid gains one day, & handed them right back the next. Vicious cycle of one step forward, two steps back.
Finally, I chose to give the Rule of Three a proper shot and commit to a PPM.
I went through my previous plays and got a feel for a profit margin that was both satisfying and generally attainable across the board (from my perspective).
I went through my previous plays and got a feel for a profit margin that was both satisfying and generally attainable across the board (from my perspective).
To satisfy my itch for “potential” - I allowed myself to ride out an allotment of house shares at the end of each play. Win-win.
Guess what?
My account grew.
Consistently!
Weird how well a plan can work if you actually believe and stick to it.
Guess what?
My account grew.
Consistently!
Weird how well a plan can work if you actually believe and stick to it.
Bottom line is - the rules can be taught, but the discipline and faith to see them through are on you.
Don’t over complicate it.
Don’t let greed or picking a perfect PPM hold you back. Start with a number you believe in, and know that you can assess and refine as you grow.
Don’t over complicate it.
Don’t let greed or picking a perfect PPM hold you back. Start with a number you believe in, and know that you can assess and refine as you grow.
The market has no rules, and it’ll annihilate you if you don’t have a set of your own.
Most of us have learned from our mistakes, but if you haven’t made them yet, learn through the mistakes of others.
New to trading? These are your @RadioSilentplay cheat codes.
Most of us have learned from our mistakes, but if you haven’t made them yet, learn through the mistakes of others.
New to trading? These are your @RadioSilentplay cheat codes.
