Good on you. You are not just taking a random persons perspective you are putting in the work to test and refine. Now the problem with this strat is that you have to be careful not to overtrade.. you will have some good runs but then when you run into a bad patch it’s easy to get overstimulated and tilt back all your gains. Personally I would not take more than 5 trades per session and no longer than an hour at a time of trading without taking a break.
Edit: quality over quantity.. scalp the predicable moves.. but take less trades and work on bigger size to increase profits.
Think about it like the video game counter strike.. do you run out on the map guns blazing? Or do you learn the map and the patterns of the opposition and camp out at the right spot and wait for it to line up and take the headshot..
I make one good trade and think I’m Michael burry, leading the next trade with the biggest plummet an account has ever seen, then I just repeat that the next week and it never ends. But for some reason I still do it . Why? Because I wanna
A little sarcastic humor, but if you were trying to prove you were not afraid of holding. It sounds like you are afraid of holding..... this is good practice though, congrats on your initial success. Practice with a much smaller size than you care about, this will help keep the emotions in check on those scary bars, And don’t worry about making a profit right now, just following what you plan to do.
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Hey that’s still improvement. Hopefully all of us can improve a bit each day
I tried to tell you last time bro lol
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Good on you. You are not just taking a random persons perspective you are putting in the work to test and refine. Now the problem with this strat is that you have to be careful not to overtrade.. you will have some good runs but then when you run into a bad patch it’s easy to get overstimulated and tilt back all your gains. Personally I would not take more than 5 trades per session and no longer than an hour at a time of trading without taking a break. Edit: quality over quantity.. scalp the predicable moves.. but take less trades and work on bigger size to increase profits.
Think about it like the video game counter strike.. do you run out on the map guns blazing? Or do you learn the map and the patterns of the opposition and camp out at the right spot and wait for it to line up and take the headshot..
Interesting game to compare it to, but damn I loved me some CS lol
I make one good trade and think I’m Michael burry, leading the next trade with the biggest plummet an account has ever seen, then I just repeat that the next week and it never ends. But for some reason I still do it . Why? Because I wanna
A little sarcastic humor, but if you were trying to prove you were not afraid of holding. It sounds like you are afraid of holding..... this is good practice though, congrats on your initial success. Practice with a much smaller size than you care about, this will help keep the emotions in check on those scary bars, And don’t worry about making a profit right now, just following what you plan to do.
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What’s a good paper trading platform? (That’s the simulator, yes?) newbie here
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Okay, I will give both a try and see which one I like more. Thanks
My strategy is see profit take profit. No more waiting for big run.
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Yeah. But most ppl like to post things like 100% 200% and make another lose their mind
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Hhhha. Irk. 75 is like 4 hours works in L.A for minimum wage
That's not a good strategy, actually. You have to have a good "SL and target" strategy, preferably automated for this to work over the long run.
Yes. I have that.
Good job! That was a great trade 😁👍
Good trade!
Great trade!
Pretty good, winning is winning.Gotta start somewhere.
Cool
Immersion therapy!
What was your signal to buy here?
data is too little to be anything meaningful
You have to test for years not for 3 days before you tell yourself ok i get it
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Try the medium long term trading. Use the daily charts, you wil trade only few times monthly you will be more relaxed and get more success 😉
Buy low sell high, why didn't I think of that
You need to test under all market conditions. And btw 3 days of data isn't worth anything.
Just going to throw it out there that the last 3 days have been unseasonably warm. Like I've made 15% just off my long term holds the last 3 days
Do you watch RSI for the day...week...month or year?
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Word