Day Trading Education || Documenting My Journey
Claudia Rea
One of the biggest mistakes you can make when trading is assuming you have unlimited will power You don’t, none of us do Willpower is a limited resource, we run low on it, just like a tank of fuelThe more decisions we make in a single sitting, the more energy depleted our brains become Therefore, every time you stare at the charts when price is no where near your entry level You use will power to not trade Now imagine sitting on the charts all day staring at every candle print, watching and waiting Eventually your tank of will power will run outAnd you’ll start forcing low quality trades outside of your plan This is why it’s so easy to downward spiral into a series of bad decisions and losses It’s not because you lack overall disciplineIt’s simply because you’ve exhausted your will power So how can you prevent this? By staying away from the charts until price reaches your levels Mark up your charts in the morning, determine where you want to look for an entry fromSet alerts And go about your day until they get triggered
10 months ago | [YT] | 15
View 1 reply
Imagine how boring trading would be if everyone was profitable straight awayIf no one had to go through the trenches to reach success The difficulties attached to this journey is what makes profitability more rewarding
1 year ago | [YT] | 31
View 5 replies
Today is a good day to have a good day We have full control over our mood, even if it doesn’t feel that way at times It’s so easy to blame our environment, circumstances and the people around us for our lack of happiness But we are each responsible for our own internal state If you tell yourself today is a bad day, then you will have a bad dayBut if you choose to have a good day and you make decisions that align with that choiceThen your day will be filled with opportunity and growthIf you are struggling to shift a bad mood, then take action to raise your frequency through meditation, exercise, affirmations and journaling etc All it takes is 5 minutes of action to turn a bad day into a good one “Those who manifest most easily are those who understand that circumstances don’t create state, state creates circumstances”~ Neville Goddard 💛✨
1 year ago | [YT] | 12
Profitable intraday trading is simply a combination of: 1. Proper risk management 2. Experience in identifying an entry model that’s been trialled and tested3. Patience in waiting for your entry model to appear 4. Knowing where you want to get out of your trade and having enough discipline to leave money on the table 5. Being able to take losses on the chin by detaching from the outcome of a single position 6. But most importantly knowing when market conditions aren’t in your favour and staying out
1 year ago | [YT] | 24
View 4 replies
Entrepreneurship isn’t about hitting a single goal and then putting your feet up for the rest of your life There is no finish line as an entrepreneur As soon as you achieve one goal, you’ll be focused on the next This journey is a lifelong commitment Because you will transform into an entirely different person in the process You won’t fit into your old life anymore Your old thought patterns and belief systems will be replaced with new ones So if you are currently consumed with a desperation to be profitable so you can “finally feel happy” Think again By the time you reach full-time trading, you’ll miss the journey of transformation so much that you will start new projects You’ll throw yourself into new business ventures to keep your mind stimulated You’ll actually crave being a beginner in a new craft again So stop denying yourself the feeling of happiness just because you haven’t had big payouts yet If you keep procrastinating on allowing yourself to feel happy in the present momentYou’ll waste so much time and energy chasing your next target thinking happiness sits beyond the finish line When in reality you had it in your hands all along 🫶“The journey is everything” 🔑
1 year ago | [YT] | 14
View 0 replies
If your prop firm account lives in drawdown from taking big lossesThen here’s something that might help 👇View your daily risk allowance as fun tokens at an amusement park Imagine you’ve spent a lot of time travelling to get there, and you have 10 tokens to use Each ride costs 1 token But here’s the catch, if you put more than 1 token into a ride at once, you still only get 1 playWhat do you do?You scout the area, decide which rides you like the most, and play one at a time You wouldn’t put all 10 tokens into the first ride you seeBecause if you did that, you’d have no tokens left to play with after the first ride You’d have to travel back home miserable, or else stay and be forced to watch everyone else play from the sidelines Now let’s bring this back to trading Why risk your entire 5% daily loss allowance on a single trade? It only gives you 1 play if price moves against you When you risk 0.5% per trade idea, it gives you 10 plays for the day And you most likely won’t need all 10Throwing all your tokens into the first ride you see is the same as risking your entire daily loss allowance on the first trade you see It will force you out of the game faster Use 1 token at a time, and scout the area for the best rides Likewise, risk less and wait for the highest quality entries🎡🎟️
1 year ago | [YT] | 19
The only way to fix fear trading is to replace fear with faith Faith in your system Faith in the universe Faith that you are the co-creator of your life So when you find yourself worrying about lack of money, lack of control or lack of confidence And these fears are taking over your trading decisions which cause unnecessary lossesTry redirecting your focus to faith Backtest your system, prove it works over a large span of trades Pray, ask for guidance Meditate, centre your mind to bring back clarity Have faith that you are exactly where you need to be Have faith that the difficulties you are facing right now is preparation rather than punishment The universe is simply preparing you so that you are mentally equipped to handle the success you’ve asked for Faith > Fear 🔑
1 year ago | [YT] | 15
View 2 replies
One of the hardest lessons in trading is learning how to leave money on the tableHaving the discipline to take your profits and call it a day Reminder that you don’t need to catch every single pip the market offers in every day to become rich You only need to catch a small part of it consistently Yes this job has uncapped income But that doesn’t mean you should have uncapped expectations Catching a 1:3 RR a couple of times a week is realistic But expecting to catch a 1:40 RR every day is not Make sure your expectations are aligned with what the market can offer consistently And then you’ll feel satisfied enough with your results to walk away and call it a day 🫶
1 year ago | [YT] | 5
Claudia Rea
One of the biggest mistakes you can make when trading is assuming you have unlimited will power
You don’t, none of us do
Willpower is a limited resource, we run low on it, just like a tank of fuel
The more decisions we make in a single sitting, the more energy depleted our brains become
Therefore, every time you stare at the charts when price is no where near your entry level
You use will power to not trade
Now imagine sitting on the charts all day staring at every candle print, watching and waiting
Eventually your tank of will power will run out
And you’ll start forcing low quality trades outside of your plan
This is why it’s so easy to downward spiral into a series of bad decisions and losses
It’s not because you lack overall discipline
It’s simply because you’ve exhausted your will power
So how can you prevent this?
By staying away from the charts until price reaches your levels
Mark up your charts in the morning, determine where you want to look for an entry from
Set alerts
And go about your day until they get triggered
10 months ago | [YT] | 15
View 1 reply
Claudia Rea
Imagine how boring trading would be if everyone was profitable straight away
If no one had to go through the trenches to reach success
The difficulties attached to this journey is what makes profitability more rewarding
1 year ago | [YT] | 31
View 5 replies
Claudia Rea
Today is a good day to have a good day
We have full control over our mood, even if it doesn’t feel that way at times
It’s so easy to blame our environment, circumstances and the people around us for our lack of happiness
But we are each responsible for our own internal state
If you tell yourself today is a bad day, then you will have a bad day
But if you choose to have a good day and you make decisions that align with that choice
Then your day will be filled with opportunity and growth
If you are struggling to shift a bad mood, then take action to raise your frequency through meditation, exercise, affirmations and journaling etc
All it takes is 5 minutes of action to turn a bad day into a good one
“Those who manifest most easily are those who understand that circumstances don’t create state, state creates circumstances”
~ Neville Goddard
💛✨
1 year ago | [YT] | 12
View 1 reply
Claudia Rea
Profitable intraday trading is simply a combination of:
1. Proper risk management
2. Experience in identifying an entry model that’s been trialled and tested
3. Patience in waiting for your entry model to appear
4. Knowing where you want to get out of your trade and having enough discipline to leave money on the table
5. Being able to take losses on the chin by detaching from the outcome of a single position
6. But most importantly knowing when market conditions aren’t in your favour and staying out
1 year ago | [YT] | 24
View 4 replies
Claudia Rea
Entrepreneurship isn’t about hitting a single goal and then putting your feet up for the rest of your life
There is no finish line as an entrepreneur
As soon as you achieve one goal, you’ll be focused on the next
This journey is a lifelong commitment
Because you will transform into an entirely different person in the process
You won’t fit into your old life anymore
Your old thought patterns and belief systems will be replaced with new ones
So if you are currently consumed with a desperation to be profitable so you can “finally feel happy”
Think again
By the time you reach full-time trading, you’ll miss the journey of transformation so much that you will start new projects
You’ll throw yourself into new business ventures to keep your mind stimulated
You’ll actually crave being a beginner in a new craft again
So stop denying yourself the feeling of happiness just because you haven’t had big payouts yet
If you keep procrastinating on allowing yourself to feel happy in the present moment
You’ll waste so much time and energy chasing your next target thinking happiness sits beyond the finish line
When in reality you had it in your hands all along 🫶
“The journey is everything” 🔑
1 year ago | [YT] | 14
View 0 replies
Claudia Rea
If your prop firm account lives in drawdown from taking big losses
Then here’s something that might help 👇
View your daily risk allowance as fun tokens at an amusement park
Imagine you’ve spent a lot of time travelling to get there, and you have 10 tokens to use
Each ride costs 1 token
But here’s the catch, if you put more than 1 token into a ride at once, you still only get 1 play
What do you do?
You scout the area, decide which rides you like the most, and play one at a time
You wouldn’t put all 10 tokens into the first ride you see
Because if you did that, you’d have no tokens left to play with after the first ride
You’d have to travel back home miserable, or else stay and be forced to watch everyone else play from the sidelines
Now let’s bring this back to trading
Why risk your entire 5% daily loss allowance on a single trade? It only gives you 1 play if price moves against you
When you risk 0.5% per trade idea, it gives you 10 plays for the day
And you most likely won’t need all 10
Throwing all your tokens into the first ride you see is the same as risking your entire daily loss allowance on the first trade you see
It will force you out of the game faster
Use 1 token at a time, and scout the area for the best rides
Likewise, risk less and wait for the highest quality entries
🎡🎟️
1 year ago | [YT] | 19
View 1 reply
Claudia Rea
The only way to fix fear trading is to replace fear with faith
Faith in your system
Faith in the universe
Faith that you are the co-creator of your life
So when you find yourself worrying about lack of money, lack of control or lack of confidence
And these fears are taking over your trading decisions which cause unnecessary losses
Try redirecting your focus to faith
Backtest your system, prove it works over a large span of trades
Pray, ask for guidance
Meditate, centre your mind to bring back clarity
Have faith that you are exactly where you need to be
Have faith that the difficulties you are facing right now is preparation rather than punishment
The universe is simply preparing you so that you are mentally equipped to handle the success you’ve asked for
Faith > Fear 🔑
1 year ago | [YT] | 15
View 2 replies
Claudia Rea
One of the hardest lessons in trading is learning how to leave money on the table
Having the discipline to take your profits and call it a day
Reminder that you don’t need to catch every single pip the market offers in every day to become rich
You only need to catch a small part of it consistently
Yes this job has uncapped income
But that doesn’t mean you should have uncapped expectations
Catching a 1:3 RR a couple of times a week is realistic
But expecting to catch a 1:40 RR every day is not
Make sure your expectations are aligned with what the market can offer consistently
And then you’ll feel satisfied enough with your results to walk away and call it a day 🫶
1 year ago | [YT] | 5
View 2 replies