jojofang0901

My journey in trading, experiences, ups and downs.

Education
OANDA:GBPUSD   British Pound / U.S. Dollar

Hello everyone:

In this video (all talking in this one) I am gonna talk about my trading journey and experiences. All the ups and downs that I have been through in hope to give new and experienced traders a honest raw example of a trader’s journey.
Of course everyone learns and absorbs information differently, and I am sure there are people out there who didn't have to go through the way I did, but I thought sharing my journey would help some of us who are still struggling to find consistency in trading.

So, a little bit about my trading journey:

Beginning Stage
-Not profitable the first 2+ years, gone through the roller coaster ride of a trader’s journey

-Start with S.R and indicators. Does work and makes profit, but doesn't suit my personality.

-Was not consistent, some weeks in profit, some months in losses

-Made all the mistakes, wanted to give up and quit many times.

-Had negative trading emotions, mindset, and no idea on trading psychology

-Not following the trading plan, no risk management

-Over trading, over risking, revenge trading

-Emotional when I miss out potential runs of the market

-Blame the market on my losses


Turning Stage:

-Did not give up

-Admit all my mistakes, work on them, change them.

-Truthy admit you are in control of your trading account, not the market, strategies, mentors or other external factors

-Put in the time and effort, understand that this is something it can be your career for the next 30 years, what is it to you to put in a few years of hard work ?

Acknowledge the market will evolve and change, and we need to adapt as a trader

-Understand trading is a probability game, not right or wrong. I can be wrong, and won't affect my emotions.

-Want to be the "house" rather than a "player" in a casino setting,

-Learn about price action and structures.

-Have no problem missing trades and profits, understand the abundance of opportunities in trading

-Follow my trading plans, make goals, back testing, forecasting, journaling

-Acknowledge my expectations in trading,
3:1 RR, 15-20 trades, 1% risk per trade, 35-40% strike rate (higher strike rate requires less R:R). Looking for consistent growth of accounts and capital

-Understand once you are consistent, there will be more opportunities and investors who are willing to let you trade

-Continue to have a humble attitude in trading and market

-Continue to learn and grow



So I hope I answer most of the questions that you have asked, but if you have additional questions on my journey and anything else, let me know below. :)

Thank you
I provide price action analysis, live stream market updates, group interactions Q/A, educational videos/lessons.

Telegram: https://t.me/aeristrading
YouTube: https://www.youtube.com/user/jojofang0901
Instagram: https://www.instagram.com/aeristrading/

Comments

Very valuable content. Thx for sharing, as always. Quick math shows risking only 1%/trade with 8%/mth = Double your bankroll in a year - nice! Quick question - the GBPUSD in the background has 2 yellow arrow trades, Within the trade, I'm guessing you might get in/out or modify your position sizes multiple times while managing the trade. Do you count all of this as a single trade setup when you mention 15-20 trades / month?
+1 Reply
jojofang0901 Seandeleer
@Seandeleer,
Hello :)
Thx for the feedback.
Good question, I would take in consideration that each trade is unique, so it will count as its 2 individual trades.
Reason being is that if I got in a trade and got out, the next position I look for will have different price action and structures that developed into, so the confluence I look at will slightly change, if not gets better.
To me that would just be a different trade now, and different entry size, SL and TP. Hence I am treating them 2 separate trades rather as 1. hope this explains that :) thank you
Reply
Love this! Thanks for sharing. It's super helpful as I'm beginning my learning & trading journey as a professional trader.
+1 Reply
jojofang0901 anirudhsk
@anirudhsk no problem :) good to hear that.
Reply
👍
+1 Reply
jojofang0901 Sadovoy_Trade
Reply
VeryNiceWork
+1 Reply
jojofang0901 PolarHusk
@PolarHusk, appreicated it :) your work as well.
Reply
i agree with this
+1 Reply
jojofang0901 siyasmanga
@siyasmanga, Thank you :)
Reply
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