Tom Dante@Trader_Dante · Dec 31, 2022Everything you need to know to smash 2023 A thread
Summary
A trader shares insights on achieving success in trading, emphasizing that while developing a profitable edge is important, the real edge lies in the trader's psychology and discipline. The thread argues that many traders fail not because their strategy lacks profitability, but because they cannot execute it consistently due to fear, emotion, and lack of mental fortitude.
Summarized by ThreadOut AI from the full thread. May miss nuance — read the thread below.
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“Far from getting rich quickly, it’s insanely hard to earn even a basic living without a huge deal of screen time, a love for solving numerous problems, the discipline of a religious zealot, zen like patience, nerves of steel, ruthless decisiveness, and an indomitable will.”
Tom Dante@Trader_Dante · Dec 22, 2022The progression of a trader: Surviving to thriving A thread
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“Making calls is not the same as trading. They are not even in the same ball park. This lad was the best caller I’ve ever seen and the worst trader”
Tom Dante@Trader_Dante · Nov 23, 2022The best trade caller I've ever known A thread
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“Everyone is looking to find a profitable trader to learn from. But if 90% lose, isn’t it easier to just find a loser and fade them?”
Tom Dante@Trader_Dante · Nov 21, 2022Fading for a living A Thread
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A blueprint for trading success
Tom Dante@Trader_Dante · Nov 29, 2022Strategic goals for traders
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How to level up your trading dramatically (Play this while observing the diagram in the tweet before)
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“It lies in the fact I know I’m always one step away from acting like a cunt and you think you’re one step away from being someone special”
Tom Dante@Trader_Dante · Nov 12, 2022My Edge A Thread
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“Why do you insist on fucking selling when the market is red? You buy on red. You sell on green” Why being in prop was an invaluable experience
Tom Dante@Trader_Dante · Nov 16, 2022Lessons from the biggest traders I've known A thread
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“To make it in this business you’re in for the fight of your life. And the biggest enemy is you.”
Tom Dante@Trader_Dante · Oct 23, 202222 years trading. Here are some of the most important things I've learnt (Part 1/2):
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“Many traders make a mistake and then compound it in frustration by jumping into an ill-considered position or betting too big etc. This is illogical: If you have a flat tyre, you don’t get out of the car and slash the other three.”
Tom Dante@Trader_Dante · Oct 23, 202222 years trading. Here are some of the most important things I've learnt (Part 2/2):
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“No matter what anyone tells you, giving it 100% does not guarantee success in this business. But you either embrace that and do it anyway or you sit there one day, wondering what might have been. Which one are you doing?”
Tom Dante@Trader_Dante · Nov 19, 2022The one thing I'd have done differently A Thread
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Great trades will come along. The hard part is trying not to do anything stupid in between them.
Tom Dante@Trader_Dante · Nov 8, 2022Patience: How to develop it as a trader. A Thread.
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“Fuck fear”
Tom Dante@Trader_Dante · Dec 9, 2022How to execute when in drawdown A thread
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“Sundays are for planning the week to come. This is the process I follow Sunday evenings”
Tom Dante@Trader_Dante · Dec 11, 2022How I prepare for the market open each week A thread
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“I built the record I used to get into prop whilst working a 9-5. So, it can be done”
Tom Dante@Trader_Dante · Dec 19, 2022Trading while in a full time job A thread
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The template for creating an effective daily trading plan
Tom Dante@Trader_Dante · Nov 4, 2022The Daily Plan (A Thread) When I started out in prop, we had to fill this sheet in every single day we traded. It still remains one of the most useful things we did to improve as traders.
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1. Sit on your hands when you don’t believe the opportunity is high probability. 2. Step up when you believe it is. No fear. No hesitation. Follow your process. Expect nothing. 3. Trade the market, not your P&L, not your emotion. 4. Always be seeking improvement
Tom Dante@Trader_Dante · Dec 3, 2022Steps to execute like a pro: youtu.be/pLWcPj859wA
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Stepping up your game with an effective weekly performance review
Tom Dante@Trader_Dante · Dec 3, 2022Use this to step up your weekly performance review
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How I do my end-of-year review. Remember: curiosity is the basis for improvement.
Tom Dante@Trader_Dante · Dec 30, 2022Some pointers for your 2022 trading review A Thread
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“Much of your success hinges on being prepared to do what the next person isn’t”
Tom Dante@Trader_Dante · Dec 30, 2022Increasing performance is a process more complex than simply stating your problems and giving broad, generic solutions. Traders say to me things like: “I need to start journaling to improve”. This is nothing more than a statement of intent. It doesn’t help you to take action.
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