Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation on 05/25/2019 in Posts

  1. 1 point
    it sure is not easy, i kinda thought i could be consistent quicker but i understand now that it was wishful thinking. the past weeks i have always kept a small chart of the spy open, it sure does help sometimes, i agree that small size on a live account is the better learning way, in my case i have messed up a bit too much so i have to prove myself first i can be green on sim consistently again. this will give me some pressure to take sim seriously because im eager to go live again but it just doesn't make sense at the moment. id love to trade all day even if its just for training but that is no option for me, ideally i should stop after the first hour. but in the end that is the best hour too even its difficult for a beginner. actually the biggest losses i have made so far are after 10h30 and the best wins in the first 10 min. im still trying to improve my journaling, i have come to understand the importance of this aswell. reasons why i document some in an open journal are, there is nobody around me that i can talk too about trading and this gets me more in the community which i also have come to understand the importance off, and another reason was to make myself a bit more accountable. knowing that you will share your trades with the world makes you be more aware of emotional trading mistakes. or so i thought anyway because while im in it, i tend to forget that. but its getting better. i know it.
  2. 1 point
    I have not tried tradervue but I've already went back for the year and recalculated my weekly win percentage in my excle sheet and it is 34%. Maybe I should always shoot for 3:1 trades and that way I'd still come out profitable. Thank you that's something to think about. I think I could get a better win percentage if I didn't try and catch reversals without a proper setup. Like I should only take double top and double bottom reversals. I guess the win percentage itself isn't the issue it's my revenge trading the same trade again and losing twice in a row that I need to work on.
  3. 1 point
    Roku was a really nice ABCD pattern in 5min chart, but I found it was hard to estimate the R/R beacuse it's at all time high.
  4. 1 point
    I'm glad one of us was green today. Nice MU trade. Perfect exit.
  5. 1 point
    If you are consistently red, it makes no sense to be live. Don't think of it like you are missing out on good trades; you are saving yourself from further losses. My tips based on your journal: 1. Don't focus so much on the 1-min chart. It takes many years of experience to play price action. Beginners should stick to patterns and setups off the 5-minute chart. 2. Try using the 2-min as your smaller timeframe. Here's an example of where the ABCD was much more clear. 3. Overtrading and impulse trades. Read "The Daily Trading Coach" by Dr. Brett Steenbarger to kick bad habits. 4. Trading pre-market involves low liquidity, bad spreads, and unexpected moves. Stay away unless you have a working strategy. 5. Setups and patterns: define them in your playbook. Know what you are looking for everyday. This will help with the impulse trades. If it doesn't meet your setup: don't take the trade. 6. Prove you can trade consistently in simulator before going back live. Good luck.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.