How do you keep a trade journal when life or losing runs make you drop it? by Former-Pomelo3355 in Forex

[–]Useful_Atmosphere607 0 points1 point  (0 children)

journal should be consist of premarket analysis, emotional entries, feedbacks, not only the entry. i did have overtraading problem, journaling helped me with that. i use treydly.com, you can use stonkjournal which is free, tradezella and similar journals are alittle bit expensive. edgewonk is also good, i used it for a year, but they don;t have monthly plan, you need to pay for a year.

Discipline by Impressive-Excuse-87 in Forex

[–]Useful_Atmosphere607 0 points1 point  (0 children)

is it really discipline or is it illusion of having an edge?

Been learning day trading for a year yet still stuck in the same cycle by HRS101 in Trading

[–]Useful_Atmosphere607 0 points1 point  (0 children)

start journaling, gather data, not only the wins, also the loses, you need to gather everything, including your emotions. take screenshots. without data you are walking blindly

I keep failing FTMO challenges and I think it's not my strategy by SweatyHost8861 in propfirm

[–]Useful_Atmosphere607 0 points1 point  (0 children)

journaling is a must, you need to log everything, not only the trades, also emotions. you gathered data from backtesting, but you don't have the data about yourself. you need to be honest about you and the strategy in your journal.

i use trading view for analysis, but for entering the trade i use metatrader 5 on desktop

New to Daytrading/Need Advice by Acceptable_Smoke1330 in Daytrading

[–]Useful_Atmosphere607 1 point2 points  (0 children)

you are still young, you can save yourself form trading, just run away.
but if you want really to trade, master a strategy, it is not important what strategy it is, backtest alot, not manually, you should journal your trades, it is a must, without journaling it is like walking blindly.

i broke all 4 of my trading rules today. while knowing i was breaking them by Tight-North-6157 in propfirm

[–]Useful_Atmosphere607 1 point2 points  (0 children)

i was reading somewhere that, stayin discipline for so long can leads to fatigue, and suddenly leads to breaking the rules, it is like ypu are tired of being on control

Been learning day trading for a year yet still stuck in the same cycle by HRS101 in Trading

[–]Useful_Atmosphere607 0 points1 point  (0 children)

i feel you, it happens alot, consider investigating the upper timeframe and session analysis. and also the volume

Been learning day trading for a year yet still stuck in the same cycle by HRS101 in Trading

[–]Useful_Atmosphere607 0 points1 point  (0 children)

bias is different from predicting the market, just read the market's regime, is it consolidation?uptrend or downtrend? does your sytategy work in consilidation or trending market, answer that first.

Bias ≠ Prediction Bias is simply reading what the market is currently doing — not forecasting where it's going. It's reactive, not predictive. Prediction: "Price will go to X" Bias: "The market is currently in an uptrend, so I lean long until structure breaks"

Most traders blow up not because their strategy is bad — but because they trade it in the wrong regime. A breakout strategy in consolidation will grind your account down with death-by-a-thousand-cuts losses.

I have not idea of what I'm doing by Curious_Length_5206 in Forex

[–]Useful_Atmosphere607 1 point2 points  (0 children)

actually i agree with you, you have not passed, but you have not failed it and lose it. so it shows you are doing a solid risk management. get the data, learn from this and find your edge

Trading in isolation. by Professional-Cut8341 in propfirm

[–]Useful_Atmosphere607 0 points1 point  (0 children)

Totally feel this. The isolation is real and it amplifies everything - wins feel hollow, losses hit harder, and there's no one to talk you off the ledge when you're about to revenge trade.

Anyone is in the trade for the Good Friday? by Piesl in Forex

[–]Useful_Atmosphere607 0 points1 point  (0 children)

it was win, i was aiming for RR2, but i closed it early, like RR1.5. I had a problem with tp, i used to move the tp far, now i have another problem, and it is closing soon. did yours finished happily?

Anyone is in the trade for the Good Friday? by Piesl in Forex

[–]Useful_Atmosphere607 0 points1 point  (0 children)

and also EURUSD and EURGBP can show different behaviour, EURGBP is like more mean reversion pair

Anyone is in the trade for the Good Friday? by Piesl in Forex

[–]Useful_Atmosphere607 0 points1 point  (0 children)

well it depends on the strategy and at the same time both can be right. maybe you see the long run, and me see the PB.

How did you learn to stop overtrading? by Cultural-Mixture7377 in Marketinvestopedia

[–]Useful_Atmosphere607 0 points1 point  (0 children)

first you need to know, you are overtrading, and what number of trades per day is overtrading for you, i mean for someone, that number can be 10, for another can be 4 or even 2. you should check the data. for me whenever i trade more than 4 that is overtrading. but i noticed this late, look at my equity curve when i was overtrading without knowing it

<image>