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:
-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
-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
-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. :)
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