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The secrets to actually WIN as a trader...
I wanna talk about how you actually WIN at trading.
Are you ready?
Two things that I see most. Are people that are deluded and people that don't have confidence.
1. So we have a delusional person who thinks they're gonna come and spend $1,000 into Binance going 100x leverage and thinks they're gonna become a millionaire.
Also, we have...
2. "OMG every time I buy it dumps, every time I sell it pumps" These people are attached to the first one. However, they are still not that deluded.
So what's the truth???
you're not gonna come in and make millions from $1,000. And it's not true that every time you buy it dumps because in that case you can simply counter-trade yourself and be a millionaire. 😂
Let me tell you this...
You have a number of ways that you can win in the market. you need to understand that the market is player vs player.
so let's imagine this...
You're better than me at trading, but I have more capital than you.
It's only me and you. you have 60% of being right your "advantage"
I have 40% of being right, but I have 100k "my advantage" and you have 10k.
And because it's me vs you, we have to set odds and we have to set stakes.
So even though I have a lower chance of winning, I'm in the power position because I can risk less than you in a trade.
Let's say I wanna trade 5k. For you to compete with me you would have to risk 50% of your entire portfolio in a single trade.
Do you understand where I'm going with this? I will always WIN in this scenario. 2 plays of you, and you're off the game mate.
You're a fish in a sea full of whales.
So how can I be better Franco?
Good question, you can be...
More disciplined. Not being "delusional"
You can stick to a trading plan that allows you to show your skill "60% in this case"
For you to WIN, listen to me, if you wanna WIN all you have to do is beat the dumb retail "delusional person" This is the secret sauce.
That's how you can beat the whales and dumb traders at the same time. You can be profitable by just beating the dumb retail.
So in summary...
Don't be the dumb retail, you are the smart retail and you are profitable because you beat them. and hopefully one day you can be a whale. 😎
Always the best,
Franco