CGI Trades

Approaching trading from a business standpoint means considering the following:

Developing a strategy to take advantage of market inefficiencies

Diversifying risk, and maximizing returns

Testing the effectiveness of the strategy over time

Holding and managing a portfolio of current positions (like employees)

Implementing risk management techniques such as stop-loss orders, hedges, and position sizing (like insurance)

Deploying capital strategically by buying assets at a lower price than what they will be sold for and diversifying investments

Trading in liquid markets where there are many buyers and sellers

Actively preserving capital to ensure the long-term success of the business.

Show me a trader who has never made a mistake, who has never
experienced failure, and I'll show you someone who has never achieved
success.

Contracts that professional traders have signed.

As a trader, I accept that I will not get upset when missing opportunities because it is unrealistic to catch every opportunity in these markets.

As a trader, I accept that I will never know the outcome of any trade with 100% accuracy.

As a trader, I accept that losing streaks occur to every trader no matter how great of a trader one is and have full confidence in my system which prepares me for such scenario.

As a trader, I accept that one hit wonders do not exist. That trading is all about gradually increasing your capital and profits.

And Finally,

As a trader, I accept that I will never let my winning seasons boost my ego as the markets are always there ready to humble you once that happens.

Embracing uncertainty and being open to new possibilities can often lead to market opportunities rather than challenges.

Instead of the market taking from you, it can start giving to you when you are willing to embrace the unknown and navigate it with a flexible and open mindset.

Some people wrongly perceive trading success as a single occurrence or event, but in reality, it is a gradual process that requires ongoing effort and persistence.

Regular income before trading

It is generally recommended to have a regular income before trading because trading can involve significant financial risk. Trading in financial markets, such as stocks, currencies, or commodities, involves the possibility of losing money. Therefore, it is important to have a stable financial foundation and a regular source of income before embarking on trading activities.

Having a regular income can help you to manage the financial risks of trading by providing you with a steady stream of funds to cover your living expenses and other financial obligations. This can give you the financial flexibility to weather any potential losses that may occur while you are trading, and to avoid having to rely on the profits from your trades to meet your daily needs.

In addition, having a regular income can also help you to approach trading with a clear and level-headed mindset, rather than feeling pressure to make quick profits in order to cover your bills or other financial obligations. This can help you to make more informed and rational decisions about your trades, rather than being driven by desperation or greed.

Overall, it is generally advisable to have a regular income before starting to trade in order to better manage the financial risks involved and to approach trading with a clear and level-headed mindset.

10% of your income is an good amount to invest in the financial markets.

The markets don't care about you.

Expecting markets to meet your expectations on each trade will likely lead to frustration, disappointment, and financial loss.

Realize that having peace of mind is the most valuable possession in the world. Focus on achieving this instead of worrying about money, as it will eventually take care of itself.

Good trades become good memories; bad trades become good lessons. Losses = Lessons

Trading requires a lot of attention to detail, and it's important to optimize every aspect of your life in order to give yourself the best chance of success.

This includes taking care of your physical and mental health by getting enough sleep, eating well, staying hydrated, and exercising regularly. Don't overlook these factors, as they can all contribute to your overall performance as a trader.

When you are able to maintain your well-being despite losses, it is a sign that you have grown and matured as a trader.