Many of you will skip this but it’s a recommended read and to implement over the weekend. For today we will focus on one word.
resilience noun - the capacity to withstand or to recover quickly from difficulties; toughness.
Trading is a game of ups and downs. Quite literally. Losses are inevitable, but what defines a great trader is their ability to bounce back, learn, and keep moving forward. Resilience means staying focused after a bad trade, adapting to market shifts, and maintaining confidence in your strategy even when things don’t go your way. It happens. But how you handle this is even more important. There are days, even weeks of bad trades, poor market conditions and results. It happens. It will continue happening. It’s up to a trader to deal with it.
Ask yourself this. In the past 365 days (1 year of trading) or however long it may be. Have you experienced a bad week? Loss after loss. No matter how much the trade made sense, there was technicals backing it even fundamentals. We seen that with gold a lot this month. So you probably have experienced this. Anger, pissed off, feeling lost, ready to give up, blaming everyone. The easiest solution? Giving up. Right? True. It is easier to give up than to be resilient. Sad truth. But one thing we can guarantee is, don’t give up, in the long-term it’s going to be worth it. Giving up won’t fix the issues you are facing. Facing the issues will fix them. Plain simple. Trading isn’t about always being right, it’s about being able to recover when you’re wrong. Every trader, no matter how skilled, faces losses, setbacks, and periods of doubt. What separates those who succeed from those who quit is again.. resilience.
You might ask now; How does a trader bounce back? What can I do?
1. Embracing Losses as Lessons
Losses aren’t failures. They’re feedback. Resilient traders don’t dwell on their mistakes or let emotions take over. Instead, they analyse what went wrong, adjust their strategy, and move forward with focus.
2. Managing Emotional Swings
Markets are unpredictable, and so are emotions. Fear, greed, frustration.. whatever it may be. Resilient traders acknowledge these feelings but don’t let them dictate decisions. They stick to their trading plan, knowing that emotional trading leads to costly mistakes.
3. Adapting to Market Conditions
No strategy works forever. Resilience means being flexible enough to adapt when market conditions shift. Traders who survive long-term are those who evolve, refine their approach, and stay ahead of the curve.
4. Staying in the Game
Success in trading is about longevity. Resilient traders understand that one bad day or a week doesn’t define them, and one big win doesn’t mean they have mastered the market. They focus on consistency, continuous learning, and disciplined execution. Day in and day out.
This week is done, next trading week is coming. Take this weekend to pre-plan and prepare. We will post more analysis on DXY pairs such as; XAUUSDUSDJPYEURUSD and we might do a US30 analysis. Stay tuned!
Thank you for your amazing support and don’t give up!
EURUSDDXY I highly encourage you to tune into Dr. David Paul and Tom Houggard this weekend if you're looking to step away from the charts this weekend. Personally, I refrain from chart analysis during weekends, opting instead to delve into trading literature or attend seminars. Additionally, if there's a trading conference hosted by a reputable organization in your city and you have the budget, I recommend attending.
Here’s an excellent video that introduces the two of the five individuals I’ve studied extensively to reshape my thinking (Tom Houggard & Dr. David Paul):
AUDUSDDXY Long way to go on this 4H for confirmation but shorts from the top running in profit now, we'll see how price closes today setting up next week.
AUDUSDDXY Remember gang, some people can be long and make money, at the same time others can be short, and make money... you don't have to pick a side of the fence and hate on everyone with a differing opinion when you have no idea what their targets are or how they're playing the market.
After all, what do you have to gain being like that? Nothing.