a loser's journal......read at own risk

padutrader said:
reversed my trade

https://screenrec.com/share/56NZzUMqar
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this trade is going well

that is why it is important that the set up and context should match.

i think one major reason i lost money for 13 years was not understanding the context part of it and the huge importance it plays

and traders who curse Brooks and call him a scam have traded his set ups alone......

brooks wrote one chapter on set ups and 14 on context.

his only mistake was writing a book teaching trading....something that is hugely difficult to comprehend

https://screenrec.com/share/swukv5mA3F
 
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you do not know when to exit because you trade set ups and do not match context to that set up if you did. if you knew the reasons you entered, it would be obvious when to exit.

trade management and exit management is all about evaluating context.....has it changed or not? if context has changed brooks says you should also wait for a good signal bar in the opposite direction before considering to exit
 
i am beginning to learn what climactic means....it is something difficult to learn .......and because there is no set up to understand it leads to many bad trades
 
many say trading is gambling but gambling is easier there are only two outcomes in gambling.. win or lose. when you win it is clear you have won

it is not so black and white in trading....there are many more outcomes in trading many shades of win and lose
 
padutrader said:
trading is simple...you get a move up a correction and then another move up......if this move up tests the high and then reverses then take that signal.....https://screenrec.com/share/s9mnc5kNwP
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this is my system my way of trading...fairly straight forward though sometimes a few situations the market can get confusing and i just sit tight until it becomes clear or my stop goes.

my purpose for trading this demo has been achieved: I wanted a way of thinking which is the same, which is repeatable, and which will then be trust worthy because it is the same every single time.

https://screenrec.com/share/Yra4btW2LC

i am ready to go live now once i can liquidate some of my assets....i never keep much in cash so i think i can go live maybe by 20 -22 of this month
 
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