Search results

“In the chaos of desperation, find the calm of control”. I had a good couple weeks, and I definitely see the merit of the shift in my trading style. That just waiting at least 15 minutes before you close a trade in profit, or wait further before opening a trade in a moving period; letting the...

Visualization, conceptualization, your mental framework, how you approach each trading day session is very important things to make daily habits around. Why you should only trade when you are happy/positive. There’s always another day to trade coming, NEVER force trades. Start the day off...

The way I trade is part in how I look at things, context is key. To me, the markets move in wave like patterns, just like people move in herds. I don’t care about where it goes, I just want to be able to “surf” the next most likely wave’s crest/trough, based on the amplitude of the pair, the...

To circle back to the YOU part, if I open a trade with my favorite pair, EUR/AUD Nowadays I start with at least $500 a trade, so a good setup is one that is within the range of the previous close, depending on if I want to go long/short i.e. buy or sell the pair. Since I do not care about...

Everyone is going to trade a little different, because the YOU that makes up you as a trader, your individual trading psychology is pretty much the most important thing you need to gain control over, before you will ever be consistently profitable. To use myself, as a contrarian intra day price...

My trading strategy/insight is derived the most, from the fact that I have read literally hundreds of investing and financial books; from personal finance skills/process, to financial independence, retirement strategy and planning, tax rules/laws, credit management, estate planning, stock...

Part of why I am brief in posts/content is that I just get tired of writing after spending 40-50+ hours a week at my job doing this lol. I love forex, enjoy talking, and teaching people in person both in jobs/life and with how to trade, so maybe the time will be in the future I really focus on...

Don't plan to post much, busy with life/work trading, merely to have records saved on public forums and a way for dedicated people to get in touch. I am much more active on discord and twitter even then these type of tiny forums. Also, who saves bad trades? lol Of course I share good trades...

The squeeze still hasn't happened with Gamestop, the run up last January was just from people buying it. Why it has stayed so high all year, people are buying it roughly 9:1 versus people selling it on any given day.

The people that fall for the social media twitter/tiktok/youtube/reddit scammers will always fall for them, regardless of the medium.

Yeah, with trade restrictions on accounts though it would behoove me to trade a more regimented system.

It leads to reasons and motivation for trading. Philosophy and psychology are key components to be a better trader. It is why I trade with, to supplement my earned income. I buy/trade stocks and crypto for long term investments. Forex is for reinvesting profits into long term assets like those...

Yeah I have thought about it especially using them for my OTAD (One Trade A Day) system.

The are the things that teach the most. I have come back from losing $5k in a day when I was new.

Don't know who that is, only been on this site for a few days.

Fairly standard price action trading, take trades from the daily support/resistance ranges depending on how I want to trade. Al Brooks has some good books on it that I suggest everyone read through. Position sizing, bankroll management and trading psychology are the most important factors to...

Curious what other people have had for their longest streak of winning trades. My record is from last March-April 2020 at 84 trades: Cheers! And happy trading.

It works for me. I work to improve, but I have long ago accepted that I think a trade differently than most traders. I only trade like this for forex. For stocks I make long term investments only.

Yeah, this is an area I can improve upon. Why I have more fixed trade decline limits (i.e. -$250 is hit close the trade), and have considered closing out any trades daily and just resetting the next morning.

They can be I suppose, over this last year I have been working to leave my trades alone more, this is still something that I can improve on, "letting my winners run". Part of it is maybe that I still look at $100 profits as a big deal, since my cost of living is now barely $1,200 a month, now...