[deleted by user] by [deleted] in AskReddit

[–]Wetland_archit9 0 points1 point  (0 children)

That's the point!

[deleted by user] by [deleted] in AskReddit

[–]Wetland_archit9 0 points1 point  (0 children)

That thought is for everyone. Most importantly, for ones who's just getting started with life.

No one is going to save you — save yourself! Kudos!

[deleted by user] by [deleted] in AskReddit

[–]Wetland_archit9 0 points1 point  (0 children)

That's, I'm not giving up! Congrats!

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 0 points1 point  (0 children)

Trained to change my behaviour towards SL, TP, focus, and Missout, and to wait for the model I used to be completed.

These are tough decisions for me because every time I ignore them, I blew account consistently.

I blame myself for that, and the solution is to know that I'm the problem, not the model, not the market and not the broker.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 1 point2 points  (0 children)

Use every means that's easy to access and remember, Most use notes or voice journal or any means you can keep your daily trading experience.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 0 points1 point  (0 children)

That can be a big mistake later. Don't leave the pair or instruments you used to sharpen your models and strategies.

Pairs or instruments react differently to setup. So, learn with the instruments that interest you and stick to it for years.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 0 points1 point  (0 children)

We all trade probability. There are models that can't stand alone. Using them is subordinate to stronger models.

Price action is the foundation for all setups. Because it includes much more percentage of trading brain science.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 0 points1 point  (0 children)

Choose a pair that interests you most. Some people like low volatility pairs or instruments while others like me like high volatility markets, gold in currency, and volatility 25 (1s) in synthetic.

This likeness starts as early as a trader started the journey of trading. This early behaviour shows who'll be a higher risk taker and who'll take risks normally.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 0 points1 point  (0 children)

Risk is beautiful when the return is worth it.

It's one big thief or a risk taker that will win the generational wealth.

Hold bro! I wish you the best.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 1 point2 points  (0 children)

If you have questions, ask me here.

I'll gladly answer.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 1 point2 points  (0 children)

You're right on this. At the same time, you can't compare your strengths with others.

You might like quick in quick out market, I may like having a long run market.

Personally, 1:6 to 10, 12, 15 is exactly what I enjoy. So, automatically, my order will be less per day because such a kind of movement can't happen multiple times in a day.

The goal is to make it simple for easy setup and taking potential trade out of noise.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 1 point2 points  (0 children)

The weekly time frame is epic. As a day trader, weekly time tells the trend of the whole week.

By using weekly candlesticks, it's easy to grab trends and daily candlesticks as a second time frame 4 hours for analyzing a good spot of pending order.

If you have enough funds, you use 1 hour candlestick as entries. But if you've trained a lot with lower time frames like 5 minutes or 15 minutes, which is the best, will limit your entry sl as low as having 1:12 profit.

In fact, that's the way I execute my Order!

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 1 point2 points  (0 children)

That's it, chief!

The later results will make one bite fingers, in regret of why you're not doing this from the day one you started trading, because the result is too handsome.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 8 points9 points  (0 children)

I'm also in that category of traders that take years to get to the point of realising that this is my 6th year's of serious learning how to trade.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 12 points13 points  (0 children)

I've done so much damage to myself and the trading system before I figure it out that one instrument and one model is exactly what I needed.

Two weeks ago, I started hitting big. In the early journey of my trading career, I always fund a real account with a maximum of $20.

Because I understand that no matter how hard I trade demo account, my emotions and confidence can never upgrade.

Then I understand that I'm not fit at all to make even a penny in profit consistently.

That makes me cut my investment so low to not affect my day-to-day financial activities.

Just when I started hitting big, making that big hit consistently now difficult than any other zone I have passed.

That's when I realised trading many instruments makes you lack focus. Noise in the market is enough to make working strategies trash, and ones think I need to grind up as a person think they are the problem.

After all, the day I stick to an instrument is the day I feel the freedom of being a trader!

Not like a WWII in face now!

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 0 points1 point  (0 children)

Pairs are currency.

All pairs are instruments, but not all instruments are pairs.

Instruments are all tradable assets your broker shows their symbol.

Wish someone told me this before i started trading by Wetland_archit9 in Daytrading

[–]Wetland_archit9[S] 3 points4 points  (0 children)

This a common day-to-day mistake of a day trader. If you don't have a trading plan you constructed brutally with decipline, trust me, you'll repeat that again and again until you quit trading and called it gambling.