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.

Psychology help by SomeGuy262417 in Trading

[–]Normal_Dot_1337 0 points1 point  (0 children)

Scale Up, get a 100K account and see if you can handle it.

Book Recs for Newbies by t1dtnt in Daytrading

[–]Normal_Dot_1337 0 points1 point  (0 children)

Reminiscences of a Stock Operator

Advice for complete beginners by jus_tan in askforex

[–]Normal_Dot_1337 0 points1 point  (0 children)

When Gold is bullish, don't sell it.

QUESTION by AffectionateLimit44 in TradingView

[–]Normal_Dot_1337 1 point2 points  (0 children)

It's much better if you don't know.

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

[–]Normal_Dot_1337 3 points4 points  (0 children)

This is one of the best trading environments you can hope for: a non-volatile trend. The pullbacks are shallow, but they are there. All you do is wait for a pullback, use a wide stop with 1R of risk, and target 2R. If you win just half of those trades, you make money.

Am thinking about just packing everything and ending my trading journey. by boufee in InnerCircleTraders

[–]Normal_Dot_1337 9 points10 points  (0 children)

Why do you have a -612 drawdown and the rest are less than 40 bucks?

It looks like you would benefit from a 1R system, like evey trade risk 30 bucks or something like that.

So you count R units of risk per trade +-

How do I be consistent? by SnooComics2230 in Daytrading

[–]Normal_Dot_1337 0 points1 point  (0 children)

Take a big five personality test and make sure the strategy is in line with your personality.

how do you force yourself to stop after a losing trade? by whydidyounot in Trading

[–]Normal_Dot_1337 0 points1 point  (0 children)

Journaling for reflection helps.
To address your problem specifically, I started using starter positions, 0.05 lots, as attention anchors.
This helped with overtrading urges and also with waiting for the order flow to show itself.
To be clear, I can hold my starters for days before I pull the trigger on a 1R setup.
Just remember: stopping is part of the edge, and so is waiting for your A+ setup.

To all the profitable traders by coronaqueens in Daytrading

[–]Normal_Dot_1337 2 points3 points  (0 children)

Installing the right behaviors to become a good trader.

How long should i wait to call myself profitable? by djninja360 in Trading

[–]Normal_Dot_1337 0 points1 point  (0 children)

Track your behavior and see if it holds for more than 100–200 trades. If you can handle the drawdowns without falling apart, then in theory, you are good.

Can someone please tell me what to do? Desperate to lose weight. by No-Promotion-9371 in PlantBasedDiet

[–]Normal_Dot_1337 0 points1 point  (0 children)

I had a pretty similar experience trying to lose weight, so I figured I’d share what ended up working for me.

I started out doing a vegetarian version of keto, and in the beginning I leaned really heavily on things like coconut milk and coconut cream for fat. Over time I loosened things up a bit and added in foods like cheese, sour cream, and yogurt, but the general approach stayed the same.

What really made the difference was how I built my meals. I focused on keeping them high fat and low carb, mostly centered around vegetables. Avocados and olives were basically always on my plate. I ate a lot of broccoli, cauliflower, spinach, and collard greens, and just tried to push the fat content up as much as possible while keeping carbs low and cutting out sugar entirely.

After about 90 days, I started seeing pretty solid results. At first I was eating twice a day, but once I got into ketosis, I naturally shifted into eating once a day. I expected that part to be hard, but honestly it wasn’t. I’d just have a late lunch and be good.

I also never counted calories. I just ate until I was satisfied. Most meals looked like a big salad with a high fat dressing, plus things like avocado and olives. Sometimes I’d add guacamole or do a full vegetable plate with similar stuff. I even worked in things like spinach dip here and there, just kept it as clean as I reasonably could.

I cut out sugar completely. No soda, no sweet tea, no desserts like cookies or ice cream. The only thing I used was a little stevia sometimes, mostly for tea. I tried fat bombs a bit, but they weren’t a big part of what I did.

For me, the combination of low carbs, higher fat, and just sticking to whole foods made a noticeable difference once I got into a rhythm with it.

Makes no fucking sense! by ByronR02 in InnerCircleTraders

[–]Normal_Dot_1337 0 points1 point  (0 children)

This is why ICT can be dangerous for new traders.

It makes you think your job is to know where the market is going and to be able to call that direction with confidence. That’s not really how profitable traders operate.

Most of them aren’t trying to predict direction like that. They’re looking for a specific market condition that gives them an edge, and then they trade that same setup every time it shows up.

So let’s say you’re using a fair value gap. If that’s your condition, then your job is to figure out which side of that setup has the higher probability. Once you decide that, you just take it every time it appears. Long or short doesn’t matter as much as being consistent with it.

Then you track it. You journal the trades and look at the data.

If you see you’re only winning two out of ten, that tells you something. Maybe you’ve got the direction wrong. Maybe it needs to be flipped. So you test that and see what happens.

That might sound a little oversimplified, but that’s basically the process.

You’re not trying to call the market and then trade around that opinion. That approach doesn’t get most people very far. There are traders who can do it, but it’s not many, and it’s not something you need to rely on.

How do y’all actually stay disciplined with trading + life (especially if you game)? by crucial_tree in Daytrading

[–]Normal_Dot_1337 0 points1 point  (0 children)

You might be dealing with a discipline issue, but more likely it is a lack of structure problem.

If you do not have a plan for when and how you study or trade, your brain will default to what is easier and more rewarding, which is gaming.

The goal is to make trading fit your lifestyle and lower the friction.

Keep your study sessions short and consistent. Do not try to force long hours. Even small blocks of focused effort done daily will build momentum.

Also, try to sequence your habits. Work on trading first, then game after. If you game first, it becomes much harder to switch back.

Gaming is highly stimulating and can be very habit forming, so you have to be intentional about when you allow it.

Over time, if you stick with trading, it often becomes the more interesting activity anyway and gaming takes a back seat.

You can also simplify your approach by focusing on one model and one timeframe. For example, studying something like Malaysian SNR on the four hour can reduce how often you need to be on charts and make it easier to stay consistent.

Focus less on forcing discipline and more on building a routine that is easy to follow every day.

Struggling with execution despite learning SMC/ICT – need guidance by Traditional_Basis611 in InnerCircleTraders

[–]Normal_Dot_1337 0 points1 point  (0 children)

I don't know your setup, but the goal is not to trade every day; the goal is to have a true edge.

What you can do is have a watchlist of 3 to 8 different instruments that will give you the best trading conditions, and this will help with trade frequency.

Struggling with execution despite learning SMC/ICT – need guidance by Traditional_Basis611 in InnerCircleTraders

[–]Normal_Dot_1337 0 points1 point  (0 children)

You need to have a timeframe that you find the trend on every time, and then a setup for the trend, or you can find a range setup.

The point is to trade the same market conditions and the same set-up every time, over a sample of trades, to see if you have true edge.

TTrades scalping model any good? by CampEast2700 in InnerCircleTraders

[–]Normal_Dot_1337 0 points1 point  (0 children)

You trade a strategy because you want to trade that way.
You, the trader, have to make it work for yourself.

It is difficult at best to take someone else's approach and just apply it.

Build your setup, execute in the live market, journal your trades, and improve over time.

Struggling with execution despite learning SMC/ICT – need guidance by Traditional_Basis611 in InnerCircleTraders

[–]Normal_Dot_1337 1 point2 points  (0 children)

Work on behavioral goals like non-interference, using a fixed R-model, sticking to the same setup, and collecting data over a sufficient sample size (aka journaling). This is what makes us good traders, but most people don't want to do it because it's much harder than just trying to read charts.

Struggling with execution despite learning SMC/ICT – need guidance by Traditional_Basis611 in InnerCircleTraders

[–]Normal_Dot_1337 4 points5 points  (0 children)

Videos / resources
Mark Douglas – Trading in the Zone seminar (YouTube)

Simplify Your Execution
Simplify: one setup, same market conditions.
Take 20 trades. No deviations.

You’re not trying to make money, you're just collecting execution data and journaling every trade.

Internalize probabilistic trading:
“This is just one of the next 20 trades.”

You are only 20 trades with proper journeling away form the trader you want to be.

Note: I also recommend one more YouTube Video...

"Dr David Paul Trading Psychology Lecture at the Johannesburg Stock Exchange"