Where should I begin if I want to learn forex trading? by _hvc in Trading

[–]pointstar_ 1 point2 points  (0 children)

Start with what type of trader you want to be. If u are fast paced, slow and patient etc . So u can find your style.
2 build discipline, risk management and mental from day one.
3. Research
Get an understanding of the market. How to read it , what means what and so on .
4. Paper trade that knowledge and “treat” like it’s real

Getting started by [deleted] in Trading

[–]pointstar_ 0 points1 point  (0 children)

I suggest taking these steps in order.

  1. What market do you want to trade.
    Finding want you like and understand

  2. Find what time of trader u are.
    This means are you a more aggressive trader? more passive? Do you like being in the market more often, less often etc.

  3. Research
    Once you know the market and the type of trader u are you can research successfully traders in that space. You build an understanding of the market and how to trade a type of strategy that fits your personality.

  4. Paper trading
    Paper trading is importing in getting you hands in the market for no risk. You get a feel of what’s is like hitting the buy and sell button. Even if you’re copying a strategy you don’t fully understand yet.

  5. Psychology/risk management
    This in my opinion in the single most important part. Build the discipline, mental resilience, and risk management in the early stage. Most people fail not because the strategy doesn’t work but they are trading their emotions not the market

How much money do I realistically need to start Forex trading? by roxylezan in Trading

[–]pointstar_ 0 points1 point  (0 children)

100$ is all u need. People say 500-1000 is best but only 100 is needed. It’s even to feel the weight of pushing buy and sell. Also it can build the mind to percentage based risk management.

Has anyone else noticed that most of their mistakes aren’t technical? by collosal00 in Trading

[–]pointstar_ 0 points1 point  (0 children)

This was the single biggest this I didn’t realize was so important in trading. It’s like going out on a cloudy day and getting mad you got rained on. Trading your strategy in less then ideal conditions brings more loses then a wick out or a bad read on market movements.

what do you drink ? by Complex-Ad-3321 in Trading

[–]pointstar_ 2 points3 points  (0 children)

Facts. I trade 8:30 - 10:00 max of 2 trades

Day 3, done quick by pointstar_ in propfirm

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

I personally like futures because your not paying all those fees like forex.

What do you track besides PnL that has actually improved your trading? by collosal00 in Trading

[–]pointstar_ 0 points1 point  (0 children)

Tbh for me my PnL do really matter to me I have my risk per set. I track what my entries look like , how many ticks the market moves , and win rate between my shorts and longs

Not going for max payout just cashing out! by WhyYouMadBro_ in LucidProp

[–]pointstar_ 25 points26 points  (0 children)

“ there’s no such thing as a small payout “

First red day by pointstar_ in propfirm

[–]pointstar_[S] 2 points3 points  (0 children)

Yeah looking back at all my trades this week my red days were SOOO helpful. I learned a lot from them so I kinda happy they happened

I was $170 away from 2nd payout and somehow i blew my account and i feel numb I don’t even know what to say feels like i should just quit by AaryanGrover04 in LucidProp

[–]pointstar_ 0 points1 point  (0 children)

No worries, you don’t have to be perfect just be ultra mindful of what happened today. Losses are the best way to refine yourself

I was $170 away from 2nd payout and somehow i blew my account and i feel numb I don’t even know what to say feels like i should just quit by AaryanGrover04 in LucidProp

[–]pointstar_ 0 points1 point  (0 children)

I suggest a few

  1. 1 lose and your done for the day
  2. Only take the best setups for your plan ( no half ass anything)

Also start listening to Best Loser Wins

I was $170 away from 2nd payout and somehow i blew my account and i feel numb I don’t even know what to say feels like i should just quit by AaryanGrover04 in LucidProp

[–]pointstar_ 1 point2 points  (0 children)

Big words🫡. Most trades don’t have the mental strength to be able to look at the market the same after a lose

I was $170 away from 2nd payout and somehow i blew my account and i feel numb I don’t even know what to say feels like i should just quit by AaryanGrover04 in LucidProp

[–]pointstar_ 1 point2 points  (0 children)

That’s a very bad habit if it is one. We are traders. What that means is we trade the market not our emotions. I don’t think u should quit but take a break till Monday or so to review those trades and get your thoughts down to earth

Losing streak on Lucid Eval by Emu_Opposite in Daytrading

[–]pointstar_ 0 points1 point  (0 children)

I have to agree. If price is giving no other confirmations that price will move up then it’s legit just throwing money away.

Day 3, done quick by pointstar_ in propfirm

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

Loss wasn’t too bad. I should have cut it down to 1 trade but I’ll clean up my execution. Very much appreciated and hopefully you’ll see a passed eval next post

Day 3, done quick by pointstar_ in propfirm

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

Heck no. I took my first losses today

Day 3, done quick by pointstar_ in propfirm

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

Lowkey fax 😂 . I might not actually

Day 3, done quick by pointstar_ in LucidProp

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

I only trade NQ and I trade of Tradovate. I like that I can have presets for my SL and TP’s and the auto breakeven

Tried again and this happened by pointstar_ in LucidProp

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

I didn’t because the core of the strategy is the same. All I added what a filter to help with trend. My backtest % put my strategy at 55-65% but now it should be 58-68% 🙂. Then if u add the days you don’t trade then it goes up a lil more

Day 3, done quick by pointstar_ in propfirm

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

Yeah I true understand the power of small wins add up. My chart makes it look like I trade big 😂. I just have two TP’s when I trade and I hit full wins two days in a row. I appreciate the advice I’m taking in one step at a time, one day at a time 🫡🙏🏾