The question every trader eventually faces is also the one most consistently answered incorrectly. Has my edge stopped working, or am I just in a losing streak? Getting this wrong in either direction is expensive. Abandoning a sound strategy during a normal drawdown is as destructive as continuing to trade a genuinely broken one.

There is a specific asymmetry in how traders make this mistake. When a strategy stops performing, the instinct is to act. Change the rules. Adjust the parameters. Try a different timeframe. The action feels like taking control and responding intelligently to new information. In most cases it is neither. It is a behavioral response to discomfort, executed at the worst possible moment, on the basis of a sample too small to support the conclusion it appears to justify.

At the same time, the risk of the opposite error is real. Strategies do stop working. Markets evolve, structural inefficiencies get arbitraged away, participant behavior shifts, and what generated g…

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The difference between those two things is the difference between a career and an expensive hobby.

Ask a trader to describe their setup and they will usually tell you something about a chart pattern, a moving average, or a zone they are watching. Ask them to define the exact conditions that must be present before they enter, where their stop goes and why, and what market environment their setup requires to work, and the answer becomes substantially less clear. That lack of clarity is not a minor gap. It is the central problem.

A real setup is not a visual pattern. It is a documented, testable hypothesis about participant behavior, expressed as a precise set of conditions that can be repeated under the same rules and measured over a large sample. Without that precision, the trader is not executing a system. They are reacting to the chart in real time and constructing a post-hoc rationale that sounds systematic but is not.

This newsletter is about what a real setup actually contains, why m…

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Most traders can handle a losing trade. Very few can handle a losing month. The difference between those two groups is not strategy, not edge, and not capital. It is an understanding of what drawdowns actually are and how to behave inside one.

There is a specific moment in a drawdown that separates professional traders from everyone else. It is not the first red day, nor the second. It is the moment the trader begins to wonder whether their edge has disappeared. Whether the strategy is broken. Whether they were simply lucky before. That moment of quiet, persistent doubt is where most accounts begin their real decline.

Drawdowns are the tax on every positive expectancy system that has ever existed. They are not anomalies. They are not signals that something is wrong. They are the mathematical and statistical consequence of operating in a probabilistic environment where even a strategy with genuine edge will produce extended sequences of losses. The professional understands this intellect…

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It brings together the core principles of professional speculation: probabilistic thinking, expected value, structured setups, risk control, execution discipline, and the role of discretion.

It’s my hope that this framework helps traders stop treating markets like a prediction game and start approaching them like a repeatable statistical business.

With all that out of the way, let’s begin!

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For me, patience is not something I developed directly in front of charts. With experience in the charts it gets better, but before that you need to try to build it in your life first.

Since I was quite hungry for being patient, I tried many …

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At some point it just became obvious that most of it wasn’t real.

So I decided to do the exact opposite.

Instead of showing only the good moments, I started documenting the entire process of my trading journey. Every trade I take is shared publicly. The wins, the losses, the mistakes, the adjustments - nothing gets deleted and nothing gets edited afterwards.

My goal is not to look perfect.

My goal is to show what trading actually looks like in real life.

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Trader mode is not something you wait to feel. It is something you activate. Just like a surgeon before an operation or an athlete before competition, you cannot rely on motivation. You rely on protocol. When you sit down at the charts, you should know exactly how much you are willing to lose, exactly what you are waiting for and exactly what will make you stop. If these things are unclear, you are not in trader mode. You are in emotional mode.

Emotional mode is way more expensive.

Trader mode means you do not need to be right. You do not need to make money today. You do not need to prove anything to anyone. You are there for one reason only and that is execution. Your edge plays out over a series of trades, not over…

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I think that you all know that when you enter the trade and everything just feels different. You just feel the trade and that’s what I want to talk about with you today. If you are in my free telegram channel you might have seen my GBP/JPY trade I took there. Live. Everything was sent there and I was just in the flow. The trade was running a lot of days before I closed it, but I just felt it. Ended up closing on 3.1R, because I added the positions to scale even more profit. It was a good trade.

Even though I am not too often analysing the trades after I take them, I try to focus on 100% just entering based on my criteria, discretion while waiting for the lower timeframe PA, I have to reflect on this one.

I am sometimes asking myself, if the trades I manage really well - in my opinion this was exactly that trade - if I am…

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I talk a lot about trading psychology, I think it is one of the main factors why you succeed in trading, but what you can’t negotiate is that the trading strategy is important as well. I am testing a lot of stuff simultaneously, because I simply want to have more than one strategy.

I tried to trade support and resistance. I went for the 1RR trades, that would not be big problem at all, but I was trading something, what was not working for me at all and I went live for it.

I don’t do it too often, but this time I did it - and you can see full journey in my Telegram channel i created for this purpose. I made 8% in few months, but what is happening now it is going downhill.

Why? I think that the main reason is that my luck just left the board now.

I am not quite sure why I did that, but I was never trading support/resistance too much. I know about this stuff, but for me it was never like “good l…

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But as I am looking on my journey in retrospective way, I feel like I was running from myself more than learning how to trade.

I wanted to become somebody. I wanted to be part of community of traders. I wanted to know some skill other people can’t do. I always wanted to be somehow special and that’s maybe the reason why I chose one of the hardest businesses you can do - trading. There is no doubt about that that trading is very hard. Many traders say it and I - with my humble experience of 5+ years can nothing than agree.

You have to understand, that being a trader is not so much a profession, but more lifestyle choice or life direction you are willing to go through to get complete freedom. When you are going to try trad…

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That’s the core idea of Game of Asymmetry.

Predicting future will not help you, even if you could do that, but surviving in irrational and unpredictable space can do pretty good job.

If you are too fragile - you will break under the stress.
Robustness is the way to really be able to go risk on other trade, even if you lost money before.
And anti-fragile people grow because of this ability.

You might not realise that, but you might be unknowingly designing fragile systems. You optimize for smooth equity curves, emotional comfort and the illusion of control. You wan…

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Randomness is pure chance - like rolling dice or watching raindrops hit a window. Each outcome is independent and devoid of intent. Uncertainty, however, is born from decision-making. It emerges when countless people, algorithms and institutions act on incomplete information, emotional impulses and subjective interpretations of the same data.

And that difference changes everything.

In nature, fractality represents infinite self-similarity. A coastline, a fern leaf or a snowflake - zoom in or out and the same pattern reappears at every scale. This is the beauty of deterministic chaos: despite apparent disorder, there’s an underlying structure that repeats itself indefinitely.

If financial markets were t…

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I’ve always lived a simple, minimalistic life. I don’t need much to feel content. Most people chase comfort through possessions - cars, clothes, gadgets, bigger homes - but I’ve realised that the more you own, the more those things end up owning you. They demand your attention, your time, your maintenance, your care. Every possession becomes another invisible chain tying you to the ground.

Minimalism, for me is about clarity. It’s about understanding what truly matters and removing everything that distracts you from it. When you live this way, you start to see how little you actually need to feel free. I live to…

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Your initial reason doesn’t have to be noble. There’s no shame in starting with money as your goal. I did too. What really matters is whether that reason evolves. And it will, if you stay long enough in the game.

It’s natural for our motivations to change. We often begin chasing something we think is important, only to discover it was never about that in the first place. The beauty of trading is that it allows this evolution - you can start with money as motivation, but over time your perspec…

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But I think because of that as well, I dove into the algo trading as well and I have to say, that it completely changed my view of the trading overall. So I decided to share with you some of my insights I have discovered on my coding journey alongside with my trading journey.

One of the biggest similarities is that coding is almost identical process of learning, that was also one of my main reasons why I decided to go into it as well. Simply said, coding sucks until it doesn’t. Same with trading. When I started to trade I was just lost. I haven’t had any clue about probabilities thinking, about edge or how markets really work. There is just SO MUCH information everywhere and after all nobody k…

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There’s nothing you can do to completely avoid this cycle. Feeling like a victim in either scenario - whether in trading or in life - will never move you forward. The harsh truth is that when you reach your peak, it’s often only a matter of time before a local or even global low comes next.

The moment you start to feel invincible is usually the moment the decline begins. But why is that?

I remember my own peak back in 2021. I had been trading for a while but wasn’t fully aware of the realities that both business and trading bring. I hit my first milestone - earning $10,000 in a single month - and I felt like it would be that way forever. I started spending freely, traveling, enjoying life. Most importantly, I stopped being obsessed with impro…

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But in trading, challenges often come in dangerous forms.

At some point, you’ll feel that burning urge to go all in on a single trade. You can’t explain it - you just feel deep down that this one has to work. That feeling can be so strong it almost convinces you it’s the right move. In reality, it’s the clearest signal to stop. To shut your platform down, walk away and come back the next day.

That urge doesn’t come from skill. It doesn’t come from experience. It comes from emotion, from impatience, from the need to shortcut the grind. And it’s one of the fastest ways to destroy everything you’ve worked for.

Psychology research supports this. Studies on risk-taking…

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When I first started, I wanted flawless trades: perfect entries, perfect exits, zero mistakes. The longer I traded, the more I realised that chasing perfection is a battle you cannot win. Why? Because markets are inherently uncertain. They are environments where randomness is part of the system. To demand perfection in such a space is to set yourself up for endless frustration and, eventually, burnout.

Interestingly, research backs this up. Studies on perfectionism and performance (Stoeber & Otto, 2006) show that while striving for excellence can sometimes motivate, perfectionism often leads to anxiety, avoidance and self-sabotage.

In trading, this manifests as overanalysing entries, hesitating to take trades or constantly tinkering with strategies in search …

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The challenge is that most traders don’t even realize they’re repeating the same mistakes. That’s where journaling comes in. It sounds simple, but it’s one of the most powerful tools available.

Jim Rohn famously said that if you always carry a small journal, you’ll capture ideas and insights you never imagined you could think of.

I couldn’t agree more. A trading journal doesn’t just record trades - it reveals patterns in your thinking and behaviour.

Psychology research supports this. Pennebaker & Smyth (2016) found that reflective writing increases self-awareness and reduces repeated errors by making unconscious patterns visible. In trading, journaling allows you to notice…

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In fact, studies from Stanford University (Ophir, Nass, & Wagner, 2009) show that people who think they’re good at multitasking actually perform worse on tasks requiring focus. Yet we keep trying to juggle too many things at once.

Think of your goal list. Really picture it in your head. Chances are, it feels overwhelming. Too many goals, too much noise. What if I told you there’s a better way?

Let’s bring this into trading. Imagine you want to change your behaviour. You know you have traits holding you back - maybe revenge trading after a loss or hesitation to enter trades even when your plan gives the signal. Both are major obstacles. But can you realistically fix them at the same time?

The answer is no. Change doesn’t work that way.

Research on behavior change (Prochaska & DiClemente’s Stages of Change model, 1983) shows that sustainable progress happens step by step. Trying to tackle …

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