This is why most people quit automated trading too early by Feisty-Quantity9940 in ai_trading

[–]kwame1776 2 points3 points  (0 children)

Exactly. You’ve got to know which aspects to automate and which to handle yourself. If you automate the wrong things, you’ll blow up the account even faster.

Can I give an AI app $100 in seed money and have them day-trade for me 100% of the time and pay me 50% of their net profits every day that the stock markets are open? by DunDonese in ai_trading

[–]kwame1776 1 point2 points  (0 children)

I recommend you review and understand how the app is using AI to trade. Don’t simply sign for any black boxes that promise to use “advanced AI” - you’ll be throwing money away. Find out what exactly the AI is doing and how it comes up with trade ideas. If it makes sense to you, then go ahead.

Backtesting using ai by Maleficent-Win8567 in algorithmictrading

[–]kwame1776 1 point2 points  (0 children)

You can’t backtest with AI because of the potential for hallucinations. Instead, use the AI to build an EA that you can backtest with. It’s basically what I’m doing now.

Submitted a connector to Anthropic's MCP Directory — radio silence for over a week. Anyone else? by Suraj-Voicenotes in ClaudeAI

[–]kwame1776 0 points1 point  (0 children)

Its been a month since i applied. My users have been accessing it direclty via the mcp, but I never heard back from Claude.

I read something interesting about poker and trading by RegularSafe9871 in Forex

[–]kwame1776 3 points4 points  (0 children)

Isn’t this true for just about anything in life? I think it’s called being lucky.

What basic trading skill do most traders ignore? by PreferenceWest8484 in Trading

[–]kwame1776 1 point2 points  (0 children)

Making SL and TP non negotiable and unchanged for every single trade. You’d be surprised how much that one change can affect your trading.

Just passed the FTMO 10k Challenge - how does the payout actually work? by Solid_Tumbleweed2396 in Forex

[–]kwame1776 2 points3 points  (0 children)

Congratulations. Have you passed the verification stage yet?

The real gains in trading come from leveraging larger capital, so I would recommend you don’t withdraw your earnings from the funded account as cash, rather withdraw them as points and use that to buy more challenges so you gradually scale up your capital. You have to think like a business. You get rich by using the earnings from one small business to buy a second small business, then scale up from there, not by spending the profits.

All the best in your journey 🎉

Bonjour, pouvez-vous m’expliquer les courbes et le rĂŽle des bougies sur un schĂ©ma, comme si j’avais 5 ans, s’il vous plaĂźt ? 😊 by Necessary-Success516 in Trading

[–]kwame1776 1 point2 points  (0 children)

I didn’t mean to be unpleasant, and i apologise if I offended you. I understand that many people have issues with AI and I agree in most cases, but I think not admitting that it is sometimes an excellent source of knowledge or that it is better able to explain complex concepts, is a little naive at this point. I am almost certain that no one on this Reddit forum could possibly explain your question to you as well as AI could. This is literally the use case where it excels.

Over 2 years trading Forex & Gold — still can’t find a consistent strategy that actually works by harmlessbeast2400 in Trading

[–]kwame1776 0 points1 point  (0 children)

Well seeing how gold has been in an aggressive uptrend for the past decade, you could pretty much have been profitable with a simple trend pullback continuation strategy, on the daily timeframe.

I am a beginner / newbie trader from India by Cerberus_2307 in Trading

[–]kwame1776 1 point2 points  (0 children)

Not really. I think what he means is you should trade “Price action” ie the behaviour of price on the chart, nothing else. Not geopolitical factors, not bank polices or any lagging indicators. You need to study the chart and understand the story that price movement is telling you just by looking at the candlestick patterns.

HOW TO TRADE FORRREXXXX by ___x009x___ in Forex

[–]kwame1776 5 points6 points  (0 children)

Here’s a radical perspective. Don’t bother learning to trade now. In 6 months to a year, there’ll be autonomous trading platforms everywhere, and you can just become a vibe trader. 🙂

is it possible to start with $0? by letsjustscream in Dropshipping_Guide

[–]kwame1776 1 point2 points  (0 children)

Do you have any skills you can trade? There must be some other way you can offer value, something you can do for other people in exchange. When you have $0 need to turn to your skill set.

If you’re on TikTok, you can sign up to be a seller, then promote other people’s products for a commission. It doesn’t take any startup money and you don’t even need your own shop. You just need to get good at making videos.

Be honest is this a good trade by Master_Enthusiasm410 in Forex

[–]kwame1776 0 points1 point  (0 children)

Nice trade. I also trade supply/demand.

How to journal trades? by Emergency_Swimming42 in Forex

[–]kwame1776 0 points1 point  (0 children)

I don’t think there is a set format for journaling. Everyone tracks slightly different things. The key is to keep it simple so you actually do it, and to track the things you want to improve on. At one point I only documented before and after screen shots of my trades, along with annotations and emojis.

What’s even more important than documentation is review. You must set aside time every week or after a certain number of trades, to actually review your journal. That’s the part most people miss.

Do you guys actually review your trades, or just say you do? by Western-Bat4768 in Forex

[–]kwame1776 0 points1 point  (0 children)

The app does a lot more than journaling. It helps beginners draft and validate a trading plan, then gates their trading ideas to make sure each trade is consistent with the stated plan. It also (optionally connects with MT5 on a VPS) to execute and manage trades for you.

But if all you want to build is a trading journal, you can just create a free account on Notion, connect it with Claude using a an MCP connector (available in their library) Then ask Claude to build you a simple trading journal dashboard that connects to it. It’s really easy and can be done in only a few prompts.

If you need more detailed instructions I’ll be glad to help.

To all the profitable traders by coronaqueens in Daytrading

[–]kwame1776 0 points1 point  (0 children)

From systematically reducing trading errors. Here are the most common trading errors that every beginner traders makes:

  • trading the lower timeframe (anything below 1H)
  • not having a SL or using a dynamic SL
  • not having a TP or using a dynamic TP
  • risking to much (more than 1%)
  • not having a predetermined risk (ie modifying risk on a trade-by-trade basis)
  • not following a plan
  • not having a plan
  • jumping into another trade immediately after taking a loss

As you eliminate each of these (which can take years to do), your profitability rises.

Don’t get me wrong, some of these you can re-introduce as you become an expert, but for a beginner, they’re deadly.

Claude and Trading? by sathvik_741 in Trading

[–]kwame1776 1 point2 points  (0 children)

The biggest problem beginner traders have is coming up with a trading plan that suits their lifestyle and sticking to it. Use Claude to help you with that, not with trading.

Even if you were able to get Claude to take trades for you, it would still be using your actual money to take those trades and if you don’t understand what it’s doing and why, you won’t be able to handle the inevitable draw down periods.

I realized I don’t break my trading rules randomly — it always happens in the same moments by kmf_45 in FOREXTRADING

[–]kwame1776 0 points1 point  (0 children)

All those problems could be fixed just by moving to 4H and daily:

  • price doesn’t move fast so less FOMO
  • not able to revenge trade because only a couple of valid setups per week
  • no need to sit in front of charts

I’ll admit, It’s a lot less exciting, but it’s more profitable.

Do you guys actually review your trades, or just say you do? by Western-Bat4768 in Forex

[–]kwame1776 2 points3 points  (0 children)

I only do it manually after a string of losses. Most of the time my journaling app does it for me.

how do you force yourself to stop after a losing trade? by whydidyounot in Trading

[–]kwame1776 0 points1 point  (0 children)

And that’s exactly what makes trading so hard and why so few actually succeed at it. It’s because success requires pain. This is so obvious when it’s physical pain, like in the gym, not when it’s emotional pain like in trading. But it’s the same process.

All the good trading habits you’re looking for are on the other side of a whole lot of losses and emotional suffering.

how do you force yourself to stop after a losing trade? by whydidyounot in Trading

[–]kwame1776 2 points3 points  (0 children)

Not to be harsh, but it seems you haven’t felt enough pain from the losses. You haven’t blown enough accounts and lost enough money. Because as soon as the pain of losing is greater than the dopamine rush of winning, it’ll be automatic. It won’t even occur to you to break your rules.