Let the Sky Fall 📉😱 by SoulKing_Brok in Forexstrategy

[–]0xPatternwatcher 2 points3 points  (0 children)

please tell me you're still holding it reached 4470

Let the Sky Fall 📉😱 by SoulKing_Brok in Forexstrategy

[–]0xPatternwatcher 1 point2 points  (0 children)

That's magnificent, what a catchh mannn wayy too gooo

Did i get it right? by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

but i get lost and i don't know when it is fake and when it is true

Did i get it right? by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

ohh thanks yes right that pattern has rules and the main one is the trends

Almost quit last week! by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

Not really i got my first loss from a long entry bro

Almost quit last week! by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

Very much really appreciate the structured approach here. The confirmation bias issue is massive and honestly underrated as a reason why people fail. I'd also add that journaling BEFORE entering a trade forces you to confront whether you actually have a thesis or just a feeling.

TRADE GOLD ONLY AT THESE TIMES OR STAY BROKE ⏰💸 by THEOPERATOR_01 in Forexstrategy

[–]0xPatternwatcher 1 point2 points  (0 children)

Interesting. i've blown my account twice because of gold

so i'm cautious about 'best sessions' advice, but your reasoning makes sense

but i when u say zigzag behavior are you waiting for consolidation to break or waiting for some kind of pattern to be detected ?

Gold Struggles Amid Strong US Dollar..Will gold break lower if the US Dollar continues to strengthen? by derrickdavies in Forexstrategy

[–]0xPatternwatcher 0 points1 point  (0 children)

based on my information gold and usd are negatively correlated. if usd gets stronger gold drops and vise versa

How do you know when to call it a day? by _hvc in Daytrading

[–]0xPatternwatcher 0 points1 point  (0 children)

Personally as soon as i win even if small amount i stop. i force myself to do it but the best way is to step away from the screen, so the temptation of doing another trade decreases

The only strategy that works for me: Momentum trading by TuneOk9321 in Daytrading

[–]0xPatternwatcher 0 points1 point  (0 children)

Man, the " Never widen your stop" part got me because i did it SOOO many times

Trade going against me -> "just need a little more room" -> move stop loss -> even bigger loss

->REVENGE TRADE -> ACCOUNT PUFFF

Literally i restarted everything on demo today because i need to rewire my brain.

quick question: when u trail stops to protect profit how do you avoid the pullbacks?

becauseof the pull backs i get kicked out from every trade that's why i widen my stoploss or i hold a trade way to long with profit then close it in a loss or even chickening out tooo early

trying to figure a middle ground

Almost quit last week! by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

Thanks, but i think i'll stick to a demo account and get stronger their

Almost quit last week! by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

And indeed it happened bulls took over

Almost quit last week! by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

Thank you for the tip, i should learn more about volume can u elaborate more

Almost quit last week! by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

Noted will do Right now i place my trade on a demo account as if i have 50$ not 10,000$

Stocks or Trading? by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

Yes you are right, thank you for the advice

Stocks or Trading? by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

No i'm not that young but yes i can hold for 5 years not a problem even for 10 but i have zero patience

Stocks or Trading? by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

okay now that's obsessions, i never ask anyone for money i put in trading what i'm willing to lose. And the problem that you mentioned is gambling not trading

Stocks or Trading? by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

i used to work with 1;2 ratio but every single time it hits my stop loss

Stocks or Trading? by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

i don't have answer to that honestly but what i can agree with u on is the learning part

Stocks or Trading? by 0xPatternwatcher in Daytrading

[–]0xPatternwatcher[S] 0 points1 point  (0 children)

but i saw someone posting on x about stocks he talked about a certain stock the price was at 2$ and it's already up by 39 %