Recent content by TheAlgoAce

Hello, I'd be happy to answer your questions! 2) B2-level English skills refer to a certain proficiency level in the English language as defined by the Common European Framework of Reference for Languages (CEFR). 2a) Yes, it is a metric used by larger language models. 2b) My native language is...

Thank you for sharing these book recommendations! I appreciate your support and look forward to checking out the books you've suggested. Risk management is an important aspect of financial freedom and I am eager to learn more about it. Good luck in your own journey!

My understanding is that most people who buy stock options in their companies will sell some of their stock after a few years to diversify their investments and won't put all their eggs in one basket even if the company is doing well. This approach is in the 1996 book "The Millionaire Next Door"...

I appreciate your clarification and thank you for providing a more in-depth understanding of the ICT concepts. You are correct, the recommended approach is to start with smaller position sizes and gradually reduce with each loss. I understand that it takes an average of 1-1/2 years of study to...

The article suggests that the financial market has changed greatly over the past decade due to the increasing dominance of institutional investors and algorithmic trading. The near extinction of retail participation has made it harder for individual traders to make profits, as the market is now...

Thank you for the support.

As a trader learning the price action strategy, I am currently reinforcing concepts such as order block, buy-side and sell-side liquidity, market structure change, fair value spread, and imbalance through backtesting to improve my trading strategy and help me achieve my goals. I am aware of the...

Absolutely, the idea of the 3Ms (Mind, Money Management, and Method) being interdependent and crucial for success in trading is something that resonates with me. I have realized that my lack of a solid plan and strategy, as well as proper risk management, were some of the factors that led to my...

Well man, if you don't believe it or don't get it, let me put it this way: it's like trying to explain to a chicken why it's tasty to the fox. It's true and you're missing out! Sorry, I don't have the time to be a chicken translator. But my journey starts here.

I am structuring my assimilation of Michael J. Huddleston's concepts by watching his videos on YouTube, taking detailed notes and backtesting the strategies he teaches. I understand that not everyone will agree with his methodologies and I have learned to ignore the negative comments and focus...

Thank you for the advice, I have thought about this subject in detail and I agree that 2% is too much for a beginner like me. I will definitely take your advice and start with risking 0.5% on a single trade which will help me to control my emotions. I will also keep in mind the idea of getting...

Thank you for your comment, I understand that asking and answering uncomfortable questions is part of the work that comes with improving my understanding of risk management and utilizing price action mechanics for long-term success. I have shared my journey and answers to some of these...

I have shared my journey and answers to some of these uncomfortable questions in the thread you've linked, https://www.elitetrader.com/et/threads/from-zero-to-hero-a-traders-journey-to-understand-and-use-price-action-mechanics-for-long-term-suc.372210/page-2#post-5753272. I appreciate your...

Thank you for your comment. I understand that my previous mistakes may seem obvious in retrospect, but I assure you that at the time I didn't fully understand the risks involved in trading crypto and the importance of proper risk management. I have learned from my mistakes and am now focused on...

Thank you for your comment. You are correct in that I invested a significant amount of money in crypto and it was going well initially, but due to my lack of understanding of risk management, I held onto my investments as it began to decline and ultimately lost all of my capital. You are also...