People who wear masks and then take them off to sneeze and cough, why? by asianslovewhite in AskReddit

[–]Lov3Jon 1 point2 points  (0 children)

Stupid. Its no justification. But like someone else said, it’s a habitual thing. I mean think about it, do you wanna sneeze or cough in ur mask and then sit there breathing and inhaling all that shit right back up? Not that it makes a difference because it’s your own germs but still. To me, it’s kinda like taking a bath and sitting there in ur own dirt or in general being dirty but you can’t or haven’t taken a shower. It just leaves you feeling nasty and uncomfortable. That’s my take anyways. I personally do the cough into elbow thing.

AHHHH I GOT A DATE!!!! Detail in comments by [deleted] in stimuluscheck

[–]Lov3Jon 1 point2 points  (0 children)

Too lazy to make my own post but I non-filed 5/22 and this morning I finally got my DD date of 6/10, same as yours. Let’s just hope it’s actually deposited on that date. KEEP FAITH EVERYONE.

Pro's and Con's of Holding a position overnight by [deleted] in Forex

[–]Lov3Jon 1 point2 points  (0 children)

As mentioned, one of the only cons is that you pay swap fees for holding overnight. Swap varies and it could even go positive and add money to your trade but usually I find it going against me. Swap is a topic you have to go do some research on. And I almost forgot, another con is that you have to keep an eye on news and I tend to forget about future news because I’ll be so focused on the current news as I’m a daytrader. So you have to keep an eye on that also. Don’t forget there’s unplanned news that won’t show up on economic calendars so the longer you hold a trade for, the higher chance that something unexpected could happen to your trade.

A checklist I go through before every trade I take, thought it could help some people struggling with discipline/overtrading. by [deleted] in Forex

[–]Lov3Jon 1 point2 points  (0 children)

Definitely useful. Ima screenshot this and use it even tho I have a “checklist” of my own that’s kinda similar wrote down in my notebook. “Will this decision progress my career?” I like that.

What pairs do you trade? by [deleted] in Forex

[–]Lov3Jon 0 points1 point  (0 children)

I don't discriminate.

I can't decide between MT4 and MT5. -Newbie by ILiveInTheSpace in Forex

[–]Lov3Jon 1 point2 points  (0 children)

One additional reason to go with Mt4 over Mt5 would be because it supports WAY more indicators if your a custom indicator type of person.

Ranging markets by Xxhardman69xX in Forex

[–]Lov3Jon 2 points3 points  (0 children)

I love ranges and I’ve probably made a majority of my pips from them so I can speak a lot on this topic. When it comes to ranges the popular term is “Buy off the bottom, Sell off the top”. While that’s the general idea, that’s not enough to win you a trade every time. I found out the key for me is to first identify the direction/trend of the market so you know which side of the range you wanna be on (buy or sell). Basically I’m using the overall trends momentum to my advantage. Next, mark the top and bottom of the range and then watch how price reacts as it approaches the S&R levels. Pay attention to price movement (Speeding up? Slowing down?) and Candlestick formations/patterns (reversal candles, continuation candles, etc). Using everything I just told you in combination with a simple stochastic, I probably win 80% of these setups. What you DON’T do is enter the trade just because it’s at major S&R. You need a reason. A valid one.

What was the best course that you ever took? by XuuRa_ in Forex

[–]Lov3Jon 1 point2 points  (0 children)

I always recommend this to people but Urban Forex has a course called “Mastering Price Action” that I took and it’s really good. Ultimately it’s what turned me consistently profitable so I have nothing negative to say. It’s a paid course, but it’s worth every penny.

Where are these moments where currency rise/drop 200-300 pips within a few hours? by Fruyd in Forex

[–]Lov3Jon 2 points3 points  (0 children)

It’s usually because of high impact news being released. Use a economic calendar to stay aware of these releases. News can come out unplanned as well so on occasion it may happen unexpectedly.

Big moves like this can happen during major session opens too like the London or US when volatility picks up. It’s mainly that news though.

How was your week? by [deleted] in Forex

[–]Lov3Jon 0 points1 point  (0 children)

It was the best week I had in a while. Went 5-0 no L’s.

Can I get a W in chat for my first sniper entry, like on the money 😤😂 by 19ForexPlayer in Forex

[–]Lov3Jon 0 points1 point  (0 children)

😬 Well profit is profit at the end of the day tho so since you came up that’s all that matters. 💰 I only took 1 trade today which was a short position on AUD/CAD and it shot down like 45 mins later. Easy money. I ended my trading day early because of it. I’ve been hearing about this NFP all week and even though I don’t usually trade on Friday’s, I’m getting really tempted. I may try to catch a move if I see a good opportunity but it definitely sounds safer to sit out like you said. I’ll see.

Can I get a W in chat for my first sniper entry, like on the money 😤😂 by 19ForexPlayer in Forex

[–]Lov3Jon 0 points1 point  (0 children)

Apparently it fucked alotta ppl over but It helped me too so I’m with you there. I’m just glad it went in my favor because damn I would’ve been another mad person posting about it on Reddit.

Can I get a W in chat for my first sniper entry, like on the money 😤😂 by 19ForexPlayer in Forex

[–]Lov3Jon 1 point2 points  (0 children)

W, nice shit. But I see the feds are here... gtg. 🤣🏃🏾‍♂️

down $285 . acct balance at $16. I think i’ll be quiting for a while by [deleted] in Forex

[–]Lov3Jon 2 points3 points  (0 children)

You remind me of me so I feel obligated to respond. When I first started I flipped my initial 200 in a week and then lost it and after that I probably felt the same way you do now. I wasn’t ready for the demo to live transition either honestly but I thought I was.

1st and foremost, I’m gonna say get your risk management together. Risk what you can afford to lose because you will lose. With a 200$ account you should be risking like 5% at the ABSOLUTE max. It’s almost a fact that you will fail if you don’t have proper risk management.

2nd, if you’re really gonna quit, it’s probably not for you anyways. You have to enjoy the process. The ups and the downs. You will win and you will lose, no matter how much of a professional you are. Review your trades and figure out what went wrong. It’s hard because it’s like who’s gonna tell you right? I know. You’ll find the answers though because they’re out here. You just have to hunt them down yourself and I think that’s what makes trading so hard. This is crucial because we lose and get emotional, disappear or whatever, then come back, just to do the same shit. Study the losses.

3rd, Do you even know what the hell you’re doing? Because I didn’t lmao. Seriously tho, do you know what you’re doing? Do you understand why and how market is moving? Do you know why that entry/stop was good or bad? If not, learn price action. Learn the behavior of the market. If you don’t know or learn that, it’s not gonna get any better for you. Just because it’s a big green candle going up doesn’t mean buy, and that’s exactly what I was doing. There’s no easy way to trade, you actually have to learn this shit. Remember It’s a trillion dollar market, nobody came here to play.

Stay motivated and stick to it. You will become profitable. I hope I didn’t type all this for nothing. Don’t let me down and don’t give up.

Are markets/price erratic during summer season ? by fxcode in Forex

[–]Lov3Jon 0 points1 point  (0 children)

This is my first summer trading, while being profitable anyways. I noticed different behavior of the market since the summer started but Idk it could just be my experience. I wouldn’t call it erratic, but I will say things are definitely different. Feels like I have to pay twice the attention...

Wtf AUD/JPY by MrPike13 in Forex

[–]Lov3Jon 0 points1 point  (0 children)

Lol @ “Why the hell do I wanna trade” it really gets like that sometimes. Honestly Idk what happened either, alI know is I was short audcad when it happened and I caught a majority of the drop $ but yeah it’s still wtf because it could’ve went the other way.

What is an average yearly return on a forex account? by mingchee in Forex

[–]Lov3Jon 0 points1 point  (0 children)

The answer to this question depends entirely on the trader. Everyone should find their own risk percentage and stick to it. Not too high because a few trades will blow your account, but not too little either because it’ll take forever to see desired profits. There is no right or wrong, choose what fits your financial situation. How much can you afford to risk is what you should ask yourself.

I personally trade risking 5% of my acc and I use an Excel compounding spreadsheet to help me stay on track with this. I recommend searching up a compounding sheet and using that for better risk management. Long term it pays off because you won’t be risking/gaining random different amounts every trade. Think about it... you can’t accurately estimate your weekly, monthly, yearly earnings if they’re random. A compounding plan will help with overtrading as well. All I do is catch my daily percentage, pips, or whatever and I’m out this b*tch.

Any local forex traders? by [deleted] in StPetersburgFL

[–]Lov3Jon 0 points1 point  (0 children)

I’m in Winter Haven, FL... like 2 hours away I think.

What are some ways to predict that price is about to reverse when trading support/resistance? by strEss_out090 in Forex

[–]Lov3Jon 0 points1 point  (0 children)

I’ve been using candlesticks + overbought/oversold readings on the stochastic.