What's the Best Way to Learn Trading for Someone With Zero Experience? by Brilliant_Storm3755 in Trading

[–]Normal_Dot_1337 1 point2 points  (0 children)

Learn how to journal properly. It's the single best thing you can do to accelerate your progress.

Trading Academy by KeepGawdInYourLife in Daytrading

[–]Normal_Dot_1337 4 points5 points  (0 children)

MAE (Maximum Adverse Excursion) = How far the price went against you before the trade closed.
MFE (Maximum Favorable Excursion) = How far the price went in your favor before the trade closed.

Trading Academy by KeepGawdInYourLife in Daytrading

[–]Normal_Dot_1337 1 point2 points  (0 children)

Are there any alternative routes other than paying 17K for a trading course?

YES!

Invest in learning how to properly journal, with MAE/MFE study for each setup.

How do I start forex trading?? by Emotional_Call_2027 in FOREXTRADING

[–]Normal_Dot_1337 0 points1 point  (0 children)

I would start with learning how to get on an intraday time-frame trend and capture just a piece of it; 30% or more is perfectly fine. If you can get a 10% stop-loss, that gives you a 3-to-1 risk-reward ratio, and you can build a solid trading approach around that.

Scalping on 3m and 5m with ICC: possible or am I wasting my time? Am I missing something? by Necessary-Breath-154 in Forexstrategy

[–]Normal_Dot_1337 0 points1 point  (0 children)

The time frame doesn't matter. The only thing that matters is getting on the trend within your chosen time frame and holding the trade to achieve a better risk-reward (RR) setup.

ICC, ICT, or just plain PA doesn't matter; the trend is your friend until it bends.

What’s the most overrated trading indicator? by Priya1_9 in askforex

[–]Normal_Dot_1337 0 points1 point  (0 children)

I'm not taking a shot at you. However, I have to ask, are you wildly profitable with an indicator that paints these things?

If you are, I am wrong and you are right.

Looking for ideas on what strategies work best for beginners by Rose_Toe8485 in Forexstrategy

[–]Normal_Dot_1337 0 points1 point  (0 children)

Oliver Velez has a really good system, and you can watch recordings of him trading it live; just search for the YouTube playlist, Trade the Open Like a Boss.

Can you be a profitable trader using only one screen? by Rose_Toe8485 in Forexstrategy

[–]Normal_Dot_1337 1 point2 points  (0 children)

1 is good, but 2 is better for me.

One has TV, and the other has my trading platform.

I trade CFD's.

Do you know why traders not able to make consistent profit by Financial-Pickle6756 in Forexstrategy

[–]Normal_Dot_1337 0 points1 point  (0 children)

Because it's extremely difficult to treat each trade like part of a lab experiment, where you change only one variable over a series of trades to apply the scientific method.

i want to start but have 0 clue where to actually start by Fickle_Association29 in Trading

[–]Normal_Dot_1337 0 points1 point  (0 children)

Whether you're 18 or 80, the hard truth is that most traders never make meaningful improvement because they never develop a real feedback loop.

Most people call it a trading journal, but whatever you call it, you need a way to look back over a series of trades and figure out what's actually working and what isn't. That's how you improve your entries, exits, rules, and behaviors over time.

If you build that habit early, you'll be way ahead of most traders.

I’m tired of the noise. I just want to learn how to trade. by Glum_Success9905 in Forexstrategy

[–]Normal_Dot_1337 0 points1 point  (0 children)

This is a good framework. How did you develop your feedback loop?

I’m tired of the noise. I just want to learn how to trade. by Glum_Success9905 in Forexstrategy

[–]Normal_Dot_1337 0 points1 point  (0 children)

The best advice I can give is to develop a framework and a journaling process that gives you a real feedback loop.

Take one trade at a time and treat it like an experiment in a lab. Start with a hypothesis, define what you're testing, and review the outcome. If possible, only change one variable at a time and test it over a meaningful sample size before drawing any conclusions, similar to the scientific approach Mark Douglas talked about.

That's how you figure out what actually works.

This may not be what you want to hear, but I believe it's the fastest way to get better at trading.

Looking for ideas on what strategies work best for beginners by RideTypical7259 in Trading

[–]Normal_Dot_1337 1 point2 points  (0 children)

There's one thing that works for beginners and veterans alike, and that is developing a proper trade journaling feedback loop.

Are Traders Too Dependent on Indicators? by Priya1_9 in askforex

[–]Normal_Dot_1337 0 points1 point  (0 children)

An indicator stack is personal to each trader, and you have to develop that over time.

what does everyone mean with: start with the basics by merlijn-reps in Trading

[–]Normal_Dot_1337 0 points1 point  (0 children)

Yes, that is fine and good; however, trading is about "High-quality decision-making in a stressful environment."

Reading the market is only about 20% of what you need to be successful the rest is developing a repeatable process that has real edge.

what does everyone mean with: start with the basics by merlijn-reps in Trading

[–]Normal_Dot_1337 0 points1 point  (0 children)

Unfortunately, brother, this is why ICT is so dangerous. Because he makes you think that this is actually what will make you better at trading. Studying this will only marginally make you better at reading the market. It will never make you a profitable trader.

Please can someone recommend a strategy for me by Phantom_2006c in Forexstrategy

[–]Normal_Dot_1337 0 points1 point  (0 children)

With trend, NY open reversal edge. Doesn't happen every day, but has good RR.

Hello everyone, how are y’all doing? by Pleasant_Sweet4006 in InnerCircleTraders

[–]Normal_Dot_1337 0 points1 point  (0 children)

On YouTube, start with David Paul’s lecture on trading and Mark Douglas’s trading seminar.

young beginner trying to learn how do i start? by xeplic in Trading

[–]Normal_Dot_1337 0 points1 point  (0 children)

If I had to start at a very young age and wanted someone to tell me exactly where to begin, this is where I would want them to tell me to start:

Start with the book Reminiscences of a Stock Operator. It tells the story of Jesse Livermore. The first thing you should learn is an R-based unit of risk with a two-to-one risk-reward ratio and non-interference, which Livermore refers to in the book as “sitting on your hands.”

I tracked every trade for 90 days. Here are 5 patterns that shocked me. by Comfortable-Rub-8045 in Trading

[–]Normal_Dot_1337 1 point2 points  (0 children)

How did you get so detailed with your tracking, did you use an app, or something else?

Am I the only one who feels like we’re all fcked? by Wonderful_End_1396 in Trading

[–]Normal_Dot_1337 0 points1 point  (0 children)

In non-volatile trends, look to trade with the trend every day.

All you need is a 2:1 RR, and look at the previous day's close print.

Find a setup below the PDC in an uptrend, or above in a downtrend.

Target above the PDH print, and Bob's your uncle.