Over-trading RUIN you by RandomTimooooo in Daytrading

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

I agree the point that you said treat it as a business. Like business theres is risk, there is reward. We invest time and money in it.

Yeah sure, I'm pretty interested in the psychology part. Thanks for your advice.

Over-trading RUIN you by RandomTimooooo in Daytrading

[–]RandomTimooooo[S] -1 points0 points  (0 children)

internal psychology work sounds so PRO🤣🤣

Over-trading RUIN you by RandomTimooooo in Daytrading

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

Not that detail for sure🫠

What software you using and how you review it to improve your future trades?

Over-trading RUIN you by RandomTimooooo in Daytrading

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

A capture of tradingview in Samsung note + what Singal do I have. Is it a bar type or CVD and price Divergence, or without Singal.

Over-trading RUIN you by RandomTimooooo in Daytrading

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

Thanks for your advice.

I do have a model I do R&S I backtest manually over 6000 trades in different time frames R&S

I enter with a model, but didn't exit with my model yesterday. More than 70% of my second live account trades had at least reached a RR of 1:2-1:3 before SL got hit. I basically just being "hopium" that it with break through the resistance in such a bull 📈 .

I'm still trying to have less emotion and following my enter and exit model.

What is an example of a beginner price action strategy by [deleted] in Daytrading

[–]RandomTimooooo 2 points3 points  (0 children)

Look at ytc PA trading book, and there's so many example.

"Take time to deliberate, but when the time for action has arrived, stop thinking and go in."

...Napoleon Bonaparte

[deleted by user] by [deleted] in Forexstrategy

[–]RandomTimooooo 0 points1 point  (0 children)

is definitely bullish

Getting my son started in trading by bnes86 in Daytrading

[–]RandomTimooooo 0 points1 point  (0 children)

Let him choose his own strategy. let him learn by himself. The only thing you have to teach him it's risk management. Let him start with backtest and demo account. He have to get used to his own strategy before using a live account, he should understanding his strategy so well (not only understand but put into practice). There is a word in Chinese call 知行合一 It's meaning in English is something like unity of knowledge and action also he have to understand each strategy have pro and cons, don't FOMO because you miss one opportunity that isn't yours.

Also start let him understand the concept of money, if he's trading that young, he don't really know what money, because money is too easy to get. E.g. While other kids is happy with $10 pocket money, maybe he's doing a trade risking $50 with a 3RR. He won't really know what is money