Hello everyone! New ...from Just One Good Trade

Hello everyone! New week - new opportunities. I’m considering continuing the long position on the euro, at least to a new high after the gap is filled, or slightly below that level. #EUR/USD#

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Charlie Munger often emphasized that true wealth is built through patience rather than constant activity. Research shows that medium to long-term traders often outperform short-term traders by more than 60%, simply by holding high-quality assets through market cycles. In financial markets, time acts as a multiplier. A portfolio growing at 10% annually can nearly triple in value over 12 years thanks to compound interest. This highlights that waiting is a strategic advantage, not a passive choice. For entrepreneurs and investors, Munger’s insights serve as a reminder that discipline triumphs over impulsiveness. Making fewer, long-term decisions often leads to more significant results and sustainable growth.

Just One Good Trade

Back to the working rhythm. I have two scenarios for EUR: the first is from the weekly inefficiency (the trade is already open); the second is from the daily fractal in discount. The targets are the daily fractal highs. If price reacts to the upside from the weekly inefficiency, I will add to the position (open an additional trade) and move the first one to breakeven (BE) to reduce risk. If the stop is hit, I will reassess the narrative and wait for new variables. #euro# #analysis#

Just One Good Trade

Mark Douglas is one of the key figures in trading psychology and the author of cult-classic books. He was the first to clearly articulate that market success depends less on strategy and more on the trader's mindset. His main thesis is simple yet radical: the market is neutral, it owes you nothing. Fear, greed, hope, and the desire to be "right" are what truly stand in the way of consistent profits. He taught how to embrace uncertainty, think in terms of probabilities, and strictly follow a plan. According to Douglas, a trader doesn't guess the market they systematically execute rules and manage risk while maintaining emotional equilibrium. Mark Douglas's legacy remains relevant today: until a trader gets their head right, no strategy will yield consistent results.

Just One Good Trade