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    Please critique my first trade idea

    It's logical that I'll talk about tools I'm using with. A good trader need to focus on few things that works for him and not to get lost with all the options there are in the trading business.
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    Please critique my first trade idea

    Bookmap is a software that present that the chart in a heatmap form. It shows market liqudity and where the big buyers and sellers are which helps identify big support and resistance areas and where can be a change in trends or reversals. It has iceberg orders feature that shows where there are...
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    Please critique my first trade idea

    there is exhaustion in the 28-28.5 area, the buyers are trying to push over it but the volume is not high enough, on the other end of the channel 18-18.3 is a good support, not a lot of sellers that trying to break it. I guess the resistance will break and the price will pop up. Bookmap can help...
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    Tell me why I can't grow my account to $1M in 12 years

    The way you ask your question is problematic.... Why you assume you can't? in 12 years you can grow your account to more then 1m if you trade with a good system and rules. For a good edge in trading I use Bookmap software. It shows the price action in a heatmap and reveals graphically where are...
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    Question about first steps to take

    Any person need to find what works for him. Because of that it probably will not be a 'fast way'... I recommend starting in learnin TA and the psychology of trading. Then to learn price action. You should check out Bookmap. It's a good tool to learn about price action and the ways big hands...
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    Study says Daytrading for a living is virtually impossible.

    One study can't testify for real life. People make a living from day trading and it's a fact.
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    stop loss on short trade

    buy stop at the price you want to risk
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    What are some YouTube channels you follow?

    I follow Bookmap channel and trading 212
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    Do hidden or Iceberg orders still show in T&S

    You will see only the filled order. Bookmap software is showing iceberg orders in numbers amd also in heatmap.
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    LOST

    My recommendation is to look very hard because there are a lot of imposters out there. I can recommend on one in private if you like (my email ronenv23@gmail.com). Anyway I mostly recommend to check out Bookmap as a good and unique software for displaying price action, they also have great...
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    Software to record trading screen?

    Bookmap has a record option if you use this software.
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    The Best Trading Proverbs

    you are the only one that can be wrong
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    How many traders are actually making a living?

    The question that should ask is which traders are making a living. learn from professionals, have a plan and you will make a living and you will not care about others. if you like a tip for the start, check out Bookmap software, it helped me
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    MO

    :) you are absolutely right, if it was based on a rational decisions trading was much easier
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    Timing

    use Bookmap to know where are the big buyers and sellers are, so you could decide if there is an absorption of the aggressors and shift in the trend or not, and in the contrary aspect it can help you timing your entries.
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    Is price action trading the most insightful(& most accurate)?

    price action is the basic of trading and it helps a trader to get instant decisions, but it can't help put stop loss or take profit. a great tool that I use, which combines PA and TA is Bookmap. I see there where the big buyers or sellers are and have a notion of how the price will act there.
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    MO

    the market represents the participants' belief in the price level which reflects in TA. even if a company increase profit it doesn't mean that the price reflects its worth
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    NYSE:GE - Strong Buy

    No major news. It has a big resistance in 10.75, also shown in the heatmap. I think the price will go down back to 9 and maybe less.
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    What do you guys think about TTOW?

    It's in an uptrend and passes a major resistance on 120, now it's in a big resistance in 121.75 also but for now, according to the heatmap there are no sellers waiting. if it will pass this resistance it's a good sign to continue the trend. no major news for now
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    MO

    It's a downtrend and as the heatmap shows there is a big resistance in the 50. If the price will go below 49 there is a good probability the price will continue to drop. If the price will go more then 50 will have to establish to determine a change in the trend.
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