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  1. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  2. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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!
  3. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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"...
  4. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  5. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  6. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  7. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  8. TheAlgoAce

    Making progress in trading education and risk management. Ignoring skeptics, focusing on...

    Making progress in trading education and risk management. Ignoring skeptics, focusing on learning. Excited for future opportunities.
  9. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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.
  10. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  11. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  12. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  13. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  14. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  15. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    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...
  16. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    Thank you for your comment globalarbtrader. I agree with you that having a good understanding of the fundamentals and technicals can help lose capital more slowly and provide more time to learn and find good trends. I acknowledge my previous mistake of not understanding risk management properly...
  17. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    Thank you for your question. Currently, I am focusing on paper trading BTC/USDT and E-MINI NASDAQ as they are the instruments that I am most familiar with and I plan to find the most suitable instrument for me as I continue to learn. I am following Michael J. Huddleston's free mentorship on...
  18. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    Thank you for your kind words and support. I appreciate your willingness to point me in the direction of someone who can help me. I'll definitely check out the link you provided and see if it could be beneficial for me. I understand that not everyone may understand my situation or goals, and I...
  19. TheAlgoAce

    From Zero to Hero: A trader's journey to understand and use price action mechanics for long-term suc

    Thank you for your comment. I understand that my story may have come across as confusing and I apologize for any confusion. I initially made money through mining PoW blockchains and achieved a then 20% growth., but then I moved into futures trading without proper risk management, which led to...
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