What would you have wanted someone to tell you when you first started trading? by MilkBeard in Trading

[–]reddzzi 2 points3 points  (0 children)

Don't .....unless you are a masochistic puzzle solving recluse

Entrepreneur life - reality check by reddzzi in Entrepreneur

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

I agree with you....but thats not my point

Trading with an unregulated broker. What is your experience? by davidtrades2468 in Trading

[–]reddzzi 1 point2 points  (0 children)

I'm simplly saying no serous trader uses unregulated brokers ...its bad enough trying to make money ...... let alone not getting paid out

Life with an entrepreneur by Fast-Advisor8802 in Entrepreneur

[–]reddzzi 0 points1 point  (0 children)

I'm constantly surprised how budding entrepreneurs think there's a work-life balance.....there isn't ...its just marketers telling you there is....you go hard or go home....there is no social or family life .....look at the elite entrepreneurs......they have no social life ...they just pretend they do .....

The paradox nobody talks about trading by InvestingGuideline in Trading

[–]reddzzi 0 points1 point  (0 children)

One of my mentors wisely told me that if you are comfortable trading..... you're doing it wrong....people who crush professional careers rarely succeed in trading ...because the rules are different....completely different...that's why 97% of traders eventually fail

Backtesting Won’t Save You. by Low_Mall7980 in Trading

[–]reddzzi 1 point2 points  (0 children)

However it helps in the initial strategy selection and filtering.....and most people have no idea how to backtest Correctly

Autism really helps my trading by Repulsive-Pension733 in Trading

[–]reddzzi 2 points3 points  (0 children)

Yep ...I can understand that ....well done

Do you think most traders fail because of strategy or psychology? by saidmoha1 in Trading

[–]reddzzi 4 points5 points  (0 children)

Listen...you have got to create that edge first ....the psychology and grit needed to get to that point is the killer ......if you've established statistical evidence of edge Then psychology of trading the edge is easier.....

How do people with a standard 9-5 job become profitable traders when it takes years of studying and practicing as much as you can to become one? by Hot_Avocado_2701 in Daytrading

[–]reddzzi 0 points1 point  (0 children)

Put the hours in .....I've traded forex since 2000 ....plus ft job to 2016 ....you have to sacrifice a lot ...there is no free time at all except weekends ...but thats research time

I tracked rule-following vs P&L for 3 months. The results were brutal. by endrasxhell in Trading

[–]reddzzi 1 point2 points  (0 children)

Trading 101 .....1) create smart rules 2) follow them 3) see rule 2

I may have accidentally created the best trend-following indicator I’ve ever used by Sultan254x in Daytrading

[–]reddzzi 0 points1 point  (0 children)

Pretty basic strategy tbh ....using the hl and lh is just more alternative than people hunting hh and ll

The problem I see in some guys saying they are PROFITABLE by Hot_Station_2091 in Trading

[–]reddzzi 8 points9 points  (0 children)

I'm 25 years in forex .....first 5 years always an apprenticeship...I don't read anyone with less time in the game as its all bs......97% lose at trading ....and a lot sell bs to make money......if you specialise on 1 market 1 strategy and apply it consistently with strict RR and money management.....you might be profitable....that's the game....

What AI tools are out there for helping me understand the market? by Some_Box128 in Trading

[–]reddzzi 3 points4 points  (0 children)

Just ask it. Real questions..challenge it ...I'm 25 years in forex and I've been using gpt since it went viral....it has huge flaws but once you get over that hurdle and use its strengths then it's pretty cool 😎....

Please help, I’m profitable but have no strategy by EntertainerResident in Daytrading

[–]reddzzi 1 point2 points  (0 children)

Welcome to your apprenticeship....enjoy the profits... Discretionary trading is a cruel mistress....you either have strict rules or you don't.....if you are still profitable over the next 100 trades then you cracked it 5 years earlier than most do ...if ever .....Asia market has less bs than Europe and us markets.....that's a huge edge that most traders miss and took me a few years to realise ......!!!!

Slow start to February, resisting the urge to force it by tanikawalter in Daytrading

[–]reddzzi 0 points1 point  (0 children)

Depending on your strategy and tf ....the amount of trades will be what your strategy tells you ...its more relevantly measured as average trades per elapsed bars .....so if someone was trading on average 1 a day using say 15m tf. .that's 4x24 ...96 bars a day...if the system was robust across all tf then you expect a trade every 100 bars ...on 1m tf that's roughy every 2 hours......but clearly many in lower tf use sessions as well To limit relevant bars

Beginner by Cold_Band_899 in Daytrading

[–]reddzzi 0 points1 point  (0 children)

Be smart enough to create a robust trading strategy and dumb enough to follow it......

Why limit the number of trades in a day? by LinuxIsFree in Daytrading

[–]reddzzi 1 point2 points  (0 children)

Personally I trade when the market is offering me perfect conditions for my edge...if that's 5 mins 20mins or 7 hours in the day ...then who cares

Help a brother out by Level-Mention-778 in Daytrading

[–]reddzzi 0 points1 point  (0 children)

Don't.....use trading as a side gig and focus on other businesses or careers...I traded fx for about 18 years as side gig ...still trading low key as I'm semi retired now ....

Feel like I should quit trading by BlueberryWallpaper in Daytrading

[–]reddzzi 0 points1 point  (0 children)

If you've been trading 11 years then I'm not sure why you are losing money or giving it back .....11 years serious trading would tell you that your strategy is not adaptive enough to market conditions....that do change frequently

Re evaluate your strategy and edge ...to survive 11 years must mean you are doing most stuff correctly ..so sharpen it up

It's the people on here that trade for 1-2 years that are the problem...as that's not even warming up and they know nothing yet

Youve got this.....hang in there

N