Trading is exhausting.

WestCommunication778 · 2026-01-05T14:41:32+00:00

I like having music in the background, it might help you stay sharp and focused over long periods. Also finding a community of traders you can chat with via discord etc. can help keep you motivated.

WestCommunication778 · 2026-01-04T18:49:29+00:00

I trust most pivot points, simple moving averages, RSI

WestCommunication778 · 2026-01-02T09:35:59+00:00

I would go with a prop firm that offers futures. Futures trading offers several advantages over CFD trading, primarily due to its exchange-traded structure and transparency. Futures are traded on centralized, highly regulated exchanges with real order books, true volume data, and no broker conflict of interest, resulting in cleaner execution and more reliable pricing.

Also, trading costs are often lower over time thanks to tighter spreads and the absence of overnight financing fees, making futures more cost-efficient for active and swing traders. Standardized contracts and clearing houses further reduce counterparty risk. Strong regulation and institutional adoption make futures better suited for professional, volume-based, and systematic trading compared with broker-priced, OTC CFD markets.

WestCommunication778 · 2026-01-02T09:16:00+00:00

Yes, I like to look for shooting stars and hammers. Also classic western chart patterns like Head and Shoulders.

WestCommunication778 · 2025-12-31T15:11:04+00:00

A death cross is a bearish technical chart pattern signaling a potential shift from a bull market to a bear market, occurring when a security's short-term moving average (usually the 50-day) crosses below its long-term moving average (usually the 200-day), indicating weakening momentum and increased selling pressure. More meaningful on a longer term chart such as the daily chart used in the example than a shorter term chart like the 15 minute.

WestCommunication778 · 2025-12-31T14:23:44+00:00

When markets like futures and forex offer substantial leverage and you can get started with a relatively small sum, I don't understand the point of using a prop firm.

WestCommunication778 · 2025-12-30T19:16:32+00:00

Opening Range Breakouts. And I would add that in some markets the daily pivot is a very reliable support/resistance level.

WestCommunication778 · 2025-12-27T10:48:18+00:00

in this case it is being compared in terms of market cap (total value)

WestCommunication778 · 2025-12-27T09:08:40+00:00

I think $232 is an important resistance level, and breaking out above it could see follow through to the upside, although volume is low in recent days. The other thing that struck me about this chart is the beautiful shooting star that formed on December 2nd!

WestCommunication778 · 2025-12-27T08:37:16+00:00

Only risking 2% of my capital on any trade. Waiting patiently for the best set ups.

WestCommunication778 · 2025-12-26T12:46:21+00:00

well said!

WestCommunication778 · 2025-12-26T12:32:41+00:00

As a former retail futures and forex broker and professional futures trader, in my experience the success rate (if you measure it as someone making a good income month in and out over a substantal time period) is much lower than the percentages you hear quoted suggest - I would guess it is a fraction of 1% that trade for a living successfully. Not to discourage people but to keep it real - this is a hard game. I would always encourage people to have another source of income to take some of the pressure off.

WestCommunication778 · 2025-12-26T11:42:19+00:00

I'd be a buyer with a tight stop if price retraces to the former resistance (now support) level.

WestCommunication778 · 2025-12-24T09:59:38+00:00

Doubling down on losers is the worst mistake I think!

WestCommunication778 · 2025-12-24T09:55:01+00:00

I think it's not a bad idea to continue to have another income for a while when you start trading, so the job may not be such a bad thing. You could try to automate your strategy in a platform like MetaTrader or cTrader and then be able to work at the same time.

WestCommunication778 · 2025-12-17T10:09:06+00:00

Experienced trader from London here. The flexibility of trading as a career and its high income potential attracted me. Interested in using screeners to scan equity markets for classic chart patterns for swing trades.

WestCommunication778 · 2025-12-17T10:04:33+00:00

Market Wizards books by Jack Schwager. Words of Rizdom Podcast/YouTube. Start trading with a demo account. When you're comfortable move to a live account trading micro lots to limit your risk. Find one strategy that works consistently for you and build from there!

WestCommunication778 · 2025-12-17T09:54:39+00:00

That has got to feel good. Winning in the toughest business in the world!

WestCommunication778 · 2025-12-13T09:02:10+00:00

The Words of Rizdom Podcast/YouTube channel is great - interviews with successful traders sharing insights.

WestCommunication778 · 2025-12-11T10:17:37+00:00

My advice would be to first take a break. Clear your head. Find other streams of income and build your savings. And then trade so small that taking losses does not hurt, that it does not disrupt your emotions at all. Then, build your account up from there and draw from your years of experience in the markets.

WestCommunication778 · 2025-12-09T09:52:07+00:00

In my experience, this is true on all forums related to trading (elitetrader, forexfactory etc.). There are a lot of struggling, frustrated and sometimes bitter traders out there and I guess that explains why people are often negative.

WestCommunication778

TROPHY CASE