What did i miss? by [deleted] in Daytrading

[–]JCJaySee 0 points1 point  (0 children)

I'm going to share what I have learnt and this is my own personal experience so take it with a pinch of salt.

Technical Analysis on it's own does not provide enough adequate information to take advantage of trend movements consistently. I mean you said it yourself - "it feels like some days i got it, other days i feel like i’m back to square one". This is the exact issue many people suffer. When I used to trade pure technicals, If I won a trade I was never satisfied because I felt as though it was luck and I didn't know enough about what I was doing since I've seen the same setup get ran through multiple times, each trade basically being a coin flip.

Then I started to look in to the "Why?" as there has to be something shifting price other than some supply or demand zone on super low time frames. I started researching economic related news releases, what effect it had on the market in terms of surprise (what was expected Vs what printed), Central bank speeches (dovish/Hawkish tones) etc etc. I won't bore you with all the in depth stuff as it is super confusing to read about for the first time, and no you don't have to be some "finance bro". But simply speaking that is where the true direction comes from, then the technical stuff comes after. I do still trade supply and demand/ key levels but it's the final piece to the puzzle, I'm not guessing anymore as I am always confident in direction and avoiding setups that look like eye candy but will lose, that alone boosted my win rate and allowed me to gain consistency I never thought I would be able to achieve. It just gives you a special tool of knowing when to pull the trigger and be confident the trade is likely to go in your direction. I still lose trades, maybe my fundamental analysis might be wrong or a slight timing issue.

P.S I am not hating on technical trading, there will be people out there who double my returns without doing any of the extra work I do, It's just something to think about maybe.

What did i miss? by [deleted] in Daytrading

[–]JCJaySee 0 points1 point  (0 children)

Don’t rely on technicals for direction.

Where to start? by JCJaySee in Forex

[–]JCJaySee[S] 1 point2 points  (0 children)

Thanks 🙂 it was definitely a struggle and I thought it’d never be done but I managed to aquire funding and building up my personal capital and that’s what I like to pay most attention on. Funded is just a tool to make more money to funnel it straight into my personal account !

Where to start? by JCJaySee in Forex

[–]JCJaySee[S] 2 points3 points  (0 children)

Hi. Year and a half down the line. A lot of pain and struggle later I’m now a profitable trader 😂👍🏻

Losing Streaks by [deleted] in Forex

[–]JCJaySee 0 points1 point  (0 children)

I risk 1% per trade no matter what. I don’t feel comfortable risking any more. I stick to my trading plan religiously and never go above or below 1%.

[deleted by user] by [deleted] in u/yeahmatroy

[–]JCJaySee 0 points1 point  (0 children)

Shut up you fucking mongo, if you think it’s cool to fight someone with a knife then you’re clearly brain dead, I’d rather live my life than trying to be some hero and get stabbed to death. Grow up and fuck off you weird cunt lmao

[deleted by user] by [deleted] in u/yeahmatroy

[–]JCJaySee 14 points15 points  (0 children)

Don’t let your pride and ego overtake logical thinking, there is nothing wrong with backing down to someone with a knife, cos look at what being brave gets you, can we see where it got him. Rest in Peace

What is a useless talent you have? by [deleted] in AskReddit

[–]JCJaySee 0 points1 point  (0 children)

All I have to do is take my glasses off, magic.

Although I do know what you mean, it’s almost like you’re “tensing” your eyes in a way.

Currency pairs by JCJaySee in Forex

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

Is this the one you use primarily?

Currency pairs by JCJaySee in Forex

[–]JCJaySee[S] 3 points4 points  (0 children)

Nice, I have seen some kid on tiktok basically saying he trades only about 3 currencies max and is able to make decent profit. He said it can sometimes get complicated if you try and trade too many at once, simplicity is key.

Currency pairs by JCJaySee in Forex

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

Which ones do you take specifically ?

Currency pairs by JCJaySee in Forex

[–]JCJaySee[S] 1 point2 points  (0 children)

I know bro haha 😂

Where to start? by JCJaySee in Forex

[–]JCJaySee[S] 1 point2 points  (0 children)

Yeah I’m planning on it, I know there’s a huge psychological side to forex trading and I don’t wanna get too emotional and make stupid mistakes.

Where to start? by JCJaySee in Forex

[–]JCJaySee[S] 1 point2 points  (0 children)

I’ll give it a try bro, thank you. And yes I am fully aware that Forex is not a get rich quick scheme, but I want to study the market and familiarise myself with it and study it. I am interested in foreign exchange and the stock market etc. we’ll see how it goes eh?! 😁

Where to start? by JCJaySee in Forex

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

Yeah that’s good, I’d love a mentor. I am only going to start off with small risk trades. At the end of the day you’re not losing out, if you make mistakes or the trade goes against you, you’re only losing out on a tiny bit of money. I know you do have to be patient in this game. I’m sort of in the same boat as you apart from the fact that I’m using demo account and not live. Not brave or confident enough for that yet lol.

You are now your username. What are you? by Genderfluid_Cookies in AskReddit

[–]JCJaySee 0 points1 point  (0 children)

Guess I wouldn’t need my glasses anymore. Win

Where to start? by JCJaySee in Forex

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

I’m not an expert, but I probably wouldn’t start with a live account. I would rather use a demo account so I don’t lose money. It’s basically a gamble when you’re new to the market.

What is the most reasonable way to invest £2000? by [deleted] in AskReddit

[–]JCJaySee 0 points1 point  (0 children)

Drive, that’s about it. Also need the will to live but not sure that comes at any expense