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Make Discipline a Strength

 While losses might teach you good lessons at the beginning of your career, losing too much is irresponsible. The truth is that you must first learn to make $100 before you can make $200, and build on these positive results.


As I’ve learned, the same setups don’t last forever, so GMan pushes Z$ to expand his playbook every once in a while.

As traders, we should spend each day stepping outside of our comfort zone so we improve.

Often new traders think their ability to lose a lot symbolizes their potential to make much more. No, it doesn’t. You should never lose more than half of your median intraday gains. If you are making $1k a day, and a down day previously for you was −500, then now allowing yourself to lose −$5k doesn’t mean you will now be able to make $5k. It means now you can lose $5k. Some new traders just don’t understand this.


If you want to make $5k a day you must first be able to make $500 consistently (downside of $250). Then you must show that you can make $750 consistently (downside $375). Then you must demonstrate that you can make $1k consistently (downside $500). Then $1,500 (downside $750). Then $2,000 (downside $1k).You get my point. But for some very strange reason traders think making that jump from $1k to $5k requires them to lose $5k in day. Again no, it doesn’t.

Push yourself to get better. But do not force your progression. Losing more means you can lose more. It doesn’t mean you can make more.

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