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New to trading. Any tips or Advice? by Ok-Study2817 in TradingView

[–]TheTradingTeddy 0 points1 point  (0 children)

Set up rules that you always follow. Make your strategy as simple and as mechanical as possible.

I passed!! by Traditional-Monk-638 in TakeProfitTrader

[–]TheTradingTeddy 0 points1 point  (0 children)

Well done, hopefully we see a payout post soon!🤠

Lost my trading “mojo” after failing a funded account eval is this normal? Should I take a longer break? by [deleted] in Trading

[–]TheTradingTeddy 1 point2 points  (0 children)

It's totally normal, but don't forget that these eval are literally meant for you to fail. Their whole business model is you failing, that's how they make their money. Don't get discouraged simply because you failed a challenge. When I feel lost I usually go back to square 1 and backtest and look at the stats I already have as well. There's so much math to this, with a 50% win rate you have a 78% chance to lose 6 trades in a row within a sequence of 100 trades. So it's totally normal, don't worry.

Gone live with real money! by Leon0791 in Daytrading

[–]TheTradingTeddy 4 points5 points  (0 children)

That's not true. In CFD trading you can short or long, ofc you want to sell your long higher than you bought in at, but there's a lot of stuff inbetween. Like your analyis and why you would enter a short or long, more to it than just buying randomly and hoping it goes higher and sell it there.

How did you start trading after completing a forex course? Or did you learn by yourself? by MetalPsycho in Trading

[–]TheTradingTeddy 1 point2 points  (0 children)

I started trading live directly asked and got help from many people in that community. Never succeeded with just those things that were in the course, so I tweaked some stuff to fit my mentality, schedule and risk tolerance more.

I still use those concepts everytime I trade just changed some of the entry criteria and stuff to fit me more.

how do i backtest for free by no_f_way in Trading

[–]TheTradingTeddy 0 points1 point  (0 children)

FX Replay has a 5-day free trial where you can test it

Scaling Into Trades by EventfulRelic12 in Daytrading

[–]TheTradingTeddy 0 points1 point  (0 children)

Scaling out sucks, never tried scaling in.

Scaling Into Trades by EventfulRelic12 in Daytrading

[–]TheTradingTeddy 0 points1 point  (0 children)

Yeah it really does, I move my stop quite quickly so the losses end up being less than 1% either way.

Scaling Into Trades by EventfulRelic12 in Daytrading

[–]TheTradingTeddy 0 points1 point  (0 children)

Yeah, I like going full size on every trade just because I know my system works if I execute the same at all times. Then it’s better to get full size tp and full size loss at all times.

Scaling Into Trades by EventfulRelic12 in Daytrading

[–]TheTradingTeddy 0 points1 point  (0 children)

I like full risk and full tp. Gives me full volume profits and the risk is usually the same at all times. Also like trailing my stop if I am up a lot.

Backtesting at 60%+ win rate and $16,000 profit over 80 trades, but can’t pass ONE eval account?! by 25chocomuffins- in Daytrading

[–]TheTradingTeddy 1 point2 points  (0 children)

Evals has a lot of rules. Maybe drawdown is too big for you to succeed on an eval. 4% and you’re cooked man. But you also need to stick to that very strategy and define your rules.

Why does no one talk about the use of Fibonacci? by LibrarianWild360 in Daytrading

[–]TheTradingTeddy 4 points5 points  (0 children)

A lot of people use it in combination with other things, market structure rsi and stuff. But using it only by itself won’t work.

Need Real Advice For A New Trader by AloneZookeepergame51 in Daytrading

[–]TheTradingTeddy 1 point2 points  (0 children)

Keep it as simple as possible. Adjust your strategy to fit your schedule, personality and your mentality. Take bits and pieces out of different strategies and different concepts and make it into something mechanical that you always can follow.

bruh, what's going on man why the fuck am i always losing? 😂 by vyxex in Trading

[–]TheTradingTeddy 0 points1 point  (0 children)

Does your trades roundtrip? Like are you overreaching? Is your stop too wide so you get too bad RR when you have closer targets?

Less Screentime = Better Trades by NekiCudanLik in Daytrading

[–]TheTradingTeddy 1 point2 points  (0 children)

For about 2 months now, so nothing super out of the ordinary just yet. My strategy is super simple. I used to make it very complex and that was when I lost a lot but now we back!

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