Ninja Talks EP 13: Monk Mode

A Bambi's biggest trading obstacle in 2023 will be over trading in a bear market, especially the crypto kiddies looking for their next pump.

This is why you have to restrain from whoring yourself out to the market in the hopes of making a quick buck.

We call this, monk mode.

Not the whoring, the opposite.

Monk mode is abstinence from indulgence and has been the theme of a couple of our past episodes - and for good reason, it's what 99% of tiktok traders these days suffer from, so as a public servant and your local connoisseur of fine trade ideas I give you the following guidance.

Create a fatal funnel of filtration.

Filter trades through a strict process.

Example;

Potential

Potential high quality

Triggered high quality

Triggered+ confirmation on lower timeframe high quality

You can use tradingviews watchlists and flag function to get the job down easy.

This process will ensure you (1) Take only A+ setups (2) Remove all unnecessary trade setups (3) Maintain a higher win rate (4) Improve confidence and reduce anxiety and most importantly (5) Eradicate over trading.

Does this make sense what I'm saying?

Tldr version;

Create a very strict filtration system to ensure you don't chase weak trades and only profit from A+ setups.

Hope this helps.

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See you in the next episode Ninjas!

Nick