Last Notes
The 5% rule
The single line beyond which human rationality breaks down and how to stay on the right side of it. #unbrokentrader
Each tick a promise of wealth and freedom. You are different. You are smarter. You will be the one who beats the system.
Beyond the glowing monitors and charts lies a landscape littered with the remains of those who believed the same thing.
https://blossom.primal.net/41af99240aac46345f1b1e9aa68d143d1cdd4b95a9b140c2a7b692d204d29cb1.gif
Every trading disaster LTCM, Barings, every retail account emptied in the dot-com crash and 2020 shares the same cause: averaging down into losers, ignoring drawdown limits, or using leverage to hide a broken system. #unbrokentrader #gm
Your goal is not to get rich. It is to never be poor again. That single reframe from maximizing returns to minimizing ruin changes every decision you will ever make as a trader. It is the foundation on which every page of this book rests. #unbrokentrader #gm
There are no puritans only liars. At least have fun with your premine and spend it on some welfare not stupid shit.
This is the book about the only discipline that prevents that ending: capital preservation. It is built on 130 years of market history and the careers of the traders who outlasted everyone else and the failures that destroyed the rest.
#nevent1q…d2fp
Every year, new traders deposit capital, study charts, and build positions — and most are gone within twelve months. They weren't defeated by the market. They were defeated by a single oversized position, a stop they moved one more time, a thesis they refused to let die. #unbrokentrader
True but we still have @nprofile…zmur bitcoin and. @nprofile…tqey & @nprofile…8h4z are now grown ups but @nprofile…fkn5 is still fine. I personally miss the old bottle pop RHR rips but we all grow older day by day.
Markus, wie heißt noch mal die NoKYC-Lending-Seite?
Its not turtles but shit all the way down
Chapter VII: Treat leverage as a tool of ruin.
Five-to-one leverage turns a 10% move into a 50% move. That is not trading. That is roulette with five bullets in the chamber. #btc #trading #unbrokentrader
#nevent1q…kruc
We deserve a long and dark bear market like 18 /19
what a baby face
https://blossom.primal.net/6aa82f48a82c39472129de644037358a882e8a79ebd8349f80a17d2f14b8c8c4.gif
The first rule of trading is: don't go broke. The second is: don't forget the first. #trading #btc #markets #unbrokentrader
Most traders aren't ruined by a market crash, a black swan, or a bad tip. They are ruined by a moved stop, a doubled-down loser, a single oversized position that turned a bad day into a liquidated account. #trading #money #btc
90% of traders lose money. It isn't because their strategies are bad.
It's because their money management is. The Unbroken Trader is the framework that keeps you in the game long enough for compounding to make you rich.