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Why cover here? I would let it ride now... Isn't the FED announcement a day or two away? China is printing, Europe is printing.... High probability US cuts rates too. The chart looks toppish for DXY now too... Now'd be a better time to short than on the way up imo.

Even if the elitetraders might have not had such experiences... Seems like i am not the only one after all. A relevant podcast; https://podcasts.apple.com/gb/podcast/merritt-black-discusses-harsh-realities-traders-must/id1467395734?i=1000448897571 Amongst other things, the guy mentions he had...

If you are a beginner, you can greatly increase the odds of success by avoiding shorting alltogether and by not day trading. Read this somewhere, seems like a good advice. This is for the more experienced traders. I see a lot of people bragging about shorting... Guess it's an ego boost, cool...

Exactly. It's the market that is wrong, right? Is it so hard to realize stocks are in a bull market? And what do you do in a bull market? You long the shit out of every dip you get. The prices keep going up no matter the news. Now stop guessing tops. It will only happen once.

Exactly what i learned. Anything can happen. The markets will go to the highs you would've never expected and then to the lows you would've never thought of.

I didn't make any money on the trade, but i'd like to brag about calling the top by 5 pips :D Not the one to call tops/bottoms, but the surgical precision is somewhat satisfying when it all comes together. Anyways, good job. You've made more money than i have ahaha lol.fk

lol @ everyone calling the top. Not surprising we keep going up.

There you go, the holy grail: http://www.newtraderu.com/2015/01/13/30-of-the-worlds-best-trading-rules/ But for real i think those are very good principles for successful trading. If you respect every single one of them, you are going to make it. But the thing is, you need experience to know...

IMO the equities have to go somewhere from there. They either dump hard or they pump. Not to mention CNBC has been posting bearish tweets for the last few weeks, september allegedly being the worst month for stocks, a big selloff coming according to their analysts and what not... That's what...

Good things come to those who wait :p When FED announcement? When rate cut?

I would go speculatively short DXY right now, around those levels. But there's no confirmation, still shorting strength. For a better setup and risk to reward, i'd wait for the top to form and have something to work off.

It's true... I never had any liabilities because i was student at the time and had parents to still support me too and basically i never paid a bill. Probably one of the reasons i was so irresponsible with trading too. It's all relative though. But for me, i put my heart and soul into it, it...

I DON'T KNOW, but IMO if FED announces a rate cut, value of the dollar would probably drop and money would flow into equities because of cheaper interest rates- boost for the economy. Atleast that's my thesis. Also OP, you were too early ;p. As mentioned i wait mon/tue/wed for ideal opportunity...

I have to admit the replies are nothing like i would've expected. I guess the experience is different for everybody. For myself it was very dramatic. My hair started falling out during the period of high stress, i was in a shock multiple times, eg. my hands were shaking and i also got...

Speaking from experience, trading for beginners is an emotional rollercoaster. The (mood)swings between the highs and lows are horrific(or perhaps; lows and even lower lows). Just wondering if anyone would be willing to share some of their psychological lows caused by trading. What were the...

Talk is cheap. You are saying staring at the chart all week wouldn't be a problem. Well why aren't you doing so? It's very hard to make it without having a mentor that is already successful. There's a lot of trial and error to come and pain to endure and you still won't know what are you...

I am bearish USD too. I think a rate cut could come, dollar would drop and equities would move higher. I'd wait just so slightly before pulling the trigger though. Wait for mon/tue/wed.

1) Maximum exposure to any asset other than BTC is 15%. Maximum exposure to USD/USDT: 50% 2) Starting assets: 100 btc. 3) BTC is the benchmark to measure your portfolio returns. Guidelines enforcement: 1st offense: warning 2nd offense: alert before action 3rd offense: lock account and cool...

Not sure what you mean. The trading fees for the trades? Or the "fee" that they charge you so you can run demo? There's none, if that's what you meant. Since i know some prop firms charge you so you can trade demo and allegedly if you do well, you can trade their money(i know nothing about it...