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Showing content with the highest reputation on 03/08/2022 in Posts

  1. 1 point
    Hey everybody, Today is quite an important day for me. I've finally managed to get back to break even after being in the red for 4 and a half years since I started day trading. I'll be honest, I was starting to doubt my ability to ever become a profitable trader at the end of 2020, and I thought about quitting. Investing so much time and effort for years, only to see money disappearing from your account is very hard on morale, of course. One thing that kept me going was the fact that, even though my account wasn't getting better, I felt like I was always making a little progress on both the technical side and the psychological side. I figured if I kept going, one day, I would finally turn the corner. Well, I turned that corner at the end of 2020, when I changed my approach, strategy and tools all at the same time. It took me 4 years to lose 25000$, and only 6 months to make it back. And frankly, I'm pretty excited to see what the next couple of years will look like as I'm only starting to ramp up my size. I wanted to share this with you guys because this chatroom is one of the reasons why I was able to make it work for me, and I figured it could help motivate and inspire anyone that is still struggling to find their marks and make it work for themselves. As you can see from my total realized P&L of the last 4.5 years, I had a pretty long and difficult journey. I just wanted to say this: As long as you feel that you're progressing at least a little, and if you like what you are doing, make sure that you give yourself the time and the tools to keep going because you never know when you'll be turning that corner. I surely didn't expect it, not more than a year ago I was about to call it quit, and it would have been a monumental mistake. Let this be an inspiration for those still struggling.
  2. 1 point
    I started beginning of 2020 after reading Andrew's books two times. First time didn't understand anything and leave it. After 3 months picked the book again. Read it and joined BBT. I never stopped since than although I had and still have rough times, it became my passion. There is nothing else which makes me wake up in the morning and spend hours learning and practicing without noticing how the time passes. Don't go into advanced webinars. You need to start with the introduction classes. And slowly move to the strategies. You will not be able to understand everything, therefore you need to watch the videos many times, take notes and look into charts. This is something new for you and we as human beings we need time and repetition for the information to stick in our brains. This is just our nature. There is a chinese proverb which says: I read and forget, I see and remember, I do and I understand. I spent first 2 months watching and re-watching the videos, going through charts and just listening in the chat room. Look at charts to see the patterns and candles which are explained in the classes. It takes time to learn the price action and you will not be able to trade any strategy if you can't read it. I know, I was also rushing for the strategies but strategies will not make you consistent unless you put the time to get screen time and practice. Your brain slowly will start put the pieces in order and day by day you will start seeing the things clearer and clearer. For everyone takes different time. After an year I still didn't find any consistency in my trading although I already knew a lot and traded all the strategies. I was super disappointed with myself but actually I had unrealistic expectations. I expected from myself after one year only to trade like a pro. No skill is mastered with one year only. I would suggest after you absorb the information from the basic classes, you know DAS well and set up you charts the following: ABCD strategy - most of us can see this pattern. There are webinars and many videos in the community and BBT YouTube channel. ( if you like something else, start with it, find the webinar and search for YouTube videos in BBT channel) The candlestick webinar, it will help you to understand basic candlestick patterns and will give you basics in reading the charts. After that search for them in different charts until you can easily spot them.
  3. 1 point
    For anyone that is curious I was told by CMEG that they can't offer business accounts to US citizens.
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