free in thread mentorship

I actually can trade. However I am in that stage wherein I need to be polished.

Trading crypto futures I made 70% in two weeks using Dr. Andrews Median Line Principles, supply and demand and a little bit of price action.

But tonight I blew up my second account due to revenge trading.

My problem may be purely psychological, but I'm desperately in need of a role model to speak to from time to time or regular basis (even better).

It's just really hard to be alone starting up, and I know a lot of people made it.

But I just strongly believe, with a proper guidance from someone who already made it would allow me to learn and adapt faster.
 
johnkirstenn said:
I actually can trade
Trading crypto futures I made 70% in two weeks using Dr. Andrews

But tonight I blew up my second account
More...

That's not trading...making 70% in two weeks, then blowing up your account.
That's just gambling, being lucky and fortunate to be in the right moment, in the right time....thinking you're a market genius whiz who's on to become a big time millionaire very soon.
No offense, but your types and stories are a dime a dozen.

Trading successfully is a very rare feat and accomplishment very few can claim to do.

Some gamblers continue to play blackjack or roulette....somehow, magically, convinced...their time and luck and the Gods will all bless them. It never happens like that. Most traders fail to see the fallacies in their approaches, and wonder why they lose.

Think like a War General, not a soldier, with trading.
There's so much more involved to successful trading than just simply, thinking, to place this magical bet here. and I'll live happily ever after.
 
Last edited:
You may think its luck, but actually I'm just a high risk and aggressive trader, I'm not gambling neither because my entries was precise.

My main challenge is money management and psychology. Whenever I get cocky for having a winning streak, I raise my leverage and when I'm wrong, I double it until the market makes me humble and start from scratch of small steps but consistent progress.

The 70% seems big, but in capital-it was small, the reason why to me its easy to execute the trades, maybe if I have like a million in my account I would be extra careful and most probably won't liquidate my account and ruin my confidence.

My Binance winning percentage was 60%. Until the fckin crash like what happened today happens wherein my strategy can't be simply applied. Yet I never learned to stop doing anything, to just let the market stabilize again.

And by the way there are a lot of people nowadays turning a 5kUSD account to 40kUSD account in a week like cupcakes. That's even more than a 100% ROI.

Anyway, I need role model to learn from, my impatient self needs to be tamed.

By any chance, do you know anyone who invest in people?
 
johnkirstenn said:
You may think its luck, but actually I'm just a high risk and aggressive trader

Whenever I get cocky for having a winning streak, I raise my leverage and when I'm wrong, I double

winning percentage was 60%. Until the fckin crash like what happened today

And by the way there are a lot of people nowadays turning a 5kUSD account to 40kUSD account in a week like cupcakes. That's even more than a 100% ROI.
More...

There's absolutely nothing with choosing to be high reward/high risk. But make sure you understand the game, the trade, the deal, and have reasonable expectations and edge...don't just roll the dice with each new trade. Make sure your average win % size, is typically greater than your average % loss size, and keep your predictions up there correctly.

You should always trade the same size and/or compound accordingly, don't mix and match and deviate. Assuming you are good and everything else is solid about you, your account will grow and take care of itself.

A 60% winning percentage ain't bad, but you should aim to increase that. 60% isn't considered skill, but nearly gambling. The market is perfect as is, everyday. You should never blame the market for any of your losses. It takes a shrewd trader to play the market....and not get played by the market.

You shouldn't compare your performance to anyone else's. That would put stressors upon yourself. Grow on your own time, when the time is right. All in due time. You can't force the Big Bang to happen on your terms...it happened when it needed to, when it was time within the greater picture.
 
Last edited:
High reward/High reward then bust account, you will bust 20 accounts before you give up. "STATS" are where you learn whether you trade well and where to correct. Backtesting will give you stats, but you have to micro structure your backtesting of knowing upswing length averages and downswings length averages.

Consistently is where trading is at, making profits every week and most days when you get better.

If you can't control who you are, crash and burn.
 
MacBookProHo said:
There's absolutely nothing with choosing to be high reward/high risk. But make sure you understand the game, the trade, the deal, and have reasonable expectations and edge...don't just roll the dice with each new trade. Make sure your average win % size, is typically greater than your average % loss size, and keep your predictions up there correctly.

You should always trade the same size and/or compound accordingly, don't mix and match and deviate. Assuming you are good and everything else is solid about you, your account will grow and take care of itself.

A 60% winning percentage ain't bad, but you should aim to increase that. 60% isn't considered skill, but nearly gambling. The market is perfect as is, everyday. You should never blame the market for any of your losses. It takes a shrewd trader to play the market....and not get played by the market.

You shouldn't compare your performance to anyone else's. That would put stressors upon yourself. Grow on your own time, when the time is right. All in due time. You can't force the Big Bang to happen on your terms...it happened when it needed to, when it was time within the greater picture.
More...

Wow. I love that response. Thanks.
 
Handle123 said:
High reward/High reward then bust account, you will bust 20 accounts before you give up. "STATS" are where you learn whether you trade well and where to correct. Backtesting will give you stats, but you have to micro structure your backtesting of knowing upswing length averages and downswings length averages.

Consistently is where trading is at, making profits every week and most days when you get better.

If you can't control who you are, crash and burn.
More...

Simple. but well said.
 
MacBookProHo said:
There's absolutely nothing with choosing to be high reward/high risk. But make sure you understand the game, the trade, the deal, and have reasonable expectations and edge...don't just roll the dice with each new trade. Make sure your average win % size, is typically greater than your average % loss size, and keep your predictions up there correctly.

You should always trade the same size and/or compound accordingly, don't mix and match and deviate. Assuming you are good and everything else is solid about you, your account will grow and take care of itself.

A 60% winning percentage ain't bad, but you should aim to increase that. 60% isn't considered skill, but nearly gambling. The market is perfect as is, everyday. You should never blame the market for any of your losses. It takes a shrewd trader to play the market....and not get played by the market.

You shouldn't compare your performance to anyone else's. That would put stressors upon yourself. Grow on your own time, when the time is right. All in due time. You can't force the Big Bang to happen on your terms...it happened when it needed to, when it was time within the greater picture.
More...
Thanks for your nice information
 
MacBookProHo said:
There's absolutely nothing with choosing to be high reward/high risk. But make sure you understand the game, the trade, the deal, and have reasonable expectations and edge...don't just roll the dice with each new trade. Make sure your average win % size, is typically greater than your average % loss size, and keep your predictions up there correctly.

You should always trade the same size and/or compound accordingly, don't mix and match and deviate. Assuming you are good and everything else is solid about you, your account will grow and take care of itself.

A 60% winning percentage ain't bad, but you should aim to increase that. 60% isn't considered skill, but nearly gambling. The market is perfect as is, everyday. You should never blame the market for any of your losses. It takes a shrewd trader to play the market....and not get played by the market.

You shouldn't compare your performance to anyone else's. That would put stressors upon yourself. Grow on your own time, when the time is right. All in due time. You can't force the Big Bang to happen on your terms...it happened when it needed to, when it was time within the greater picture.
More...
this is a good post . thanks for this reply
 
You must log in or register to reply here.
Back
Top