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Trading Craft 101 · Lesson 07 - Review & Iterate🔵 THE LOOP Edge is not found, it is built - and it is built in a loop: trade, record, review, adjust, trade again. Most traders break the loop at the review step. They trade, they record (sometimes), and they never close the circle. This lesson is about the step that makes everything else pay. 🔵 PROCESS, NOT OUTCOME Judge the process, not the result. A perfect setup that loses was a good trade; a broken setup that wins was a bad trade. If you grade by outcome, you will repeat mistakes that
COMEX:GC1!Education
by ConfluenceEdge_
How to Make Money in the Stock Market and Keep ItI have always said that making money in the stock market is easy. It is learning how not to lose money that is the hard part of trading. To that end, when you find yourself in the surprising and often disturbing position of having made a whole lot of profit, or more profit than you expected in a very short time, you may be feeling overwhelmed. This is when you need to remember some basics about the art of trading. The primary factor in making money and keeping it depends upon your ability t
NASDAQ:AMZNEducation
by MarthaStokesCMT-TechniTrader
1
🔜RULE FOLLOWING CHALLENGE, join to improve your trading 💪Did you know that most beginner traders can't follow their rules for 7 days in a row? Unfortunately, they start overtrading or changing the rules of the system, entering random trades, overrisk, etc. I've been there many many times myself, but then slowly started focusing on this part and made my first 7, then 10 days of rules following, broke with another tilt, started again, reached 17, 30 days, and failed again. Each time it became better and better, and now I'm on my way to 50 days of rul
OANDA:XAUUSDEducation
by Yelli_trades
3
Unlocking Opportunities: Maximizing Dec. Gains Beyond TradingUnlocking Opportunities: Maximizing December Gains Beyond Trading Introduction: As December unfolds and the year draws to a close, it's not uncommon for traders to take a step back and assess their performance. The trading landscape experiences a shift, with many prominent investors winding down for the year, paving the way for unique opportunities for those who approach the market strategically. In this blog post, we'll explore how traders can benefit from the distinctive conditions of Dec
Education
by Amr-Sadek
5 Ways to Make you a Better TraderAs our main goal as a trader is to "make money," in order to do that comes many other things that factor in to having an "edge" in the market. In this post, I will breakdown 5 ways which could help improve your trading: #1 Get a good full night sleep As sleep plays a vital role in our lives for general well being, it also plays an important role in your trading performance. To get a good full night's sleep takes practice and consistency to train your "Internal Clock'' or also known as your
NSE:NIFTYEducation
by ktlfx
How to not loose your life savings? Risk management☠️You've probably heard statistic that 90% of traders lose their deposit in the first 3 months. Sometimes it's pocket money, sometimes salary, and sometimes life savings. Once I saw a message in a traders group from a frustrated 55 year old man who had lost all of his savings of the last 20 years of working as a security guard in a supermarket just in ONE MONTH by trading crypto. There are plenty of stories like that, and I give you my word that most of them happen due to a lack of risk managem
BINANCE:BTCUSDTEducation
by Artem_Dishel
4
EURUSD Kicking myself!!The fact that I missed both of these is getting on my nerves, especially since using regression lines to spot patterns like these is a good 30% of my strategy. I've been incorporating supply and demand into my strategy over the past month or so, and I think I've gotten too focused on just that. Somewhere along the line I stopped tracing regression lines through my fractals and it cost me close to 150 pips over the last two days. I've taken 75 pips over the past two days which is always good but
by NeoDaNomad
What role does strategy play in trading?Sunzi begins by establishing the importance of strategy. Although the word bing has been translated as "war" in most works in the west, once you approach the original Chinese manuscripts and the sense of Sunzi's work, you immediately come to understand that he was not talking about warefare, instead, Sunzi wants us to appreciate how important it is to develop strategic skills to avoid our own destruction when competing. Of course trading is man-made, but competition is a natural process. We a
CME_MINI:ESH2021Education
by SunziTrader
1
HOW-TO: Backtest Your Forex Strategy & Increase Your Win-RateIn my earlier article, " Proving Your Trading System with Backtesting ", I demonstrated how, in the Futures market, you could backtest your trading system, see what works and what doesn't, change your variables, and rinse & repeat until you have a winning trading formula. You GET this winning formula by torture-testing (ahem, *back*testing) your system under every market condition. My last video backtested Futures as an example and I received dozens of requests to demonstrate and develop a s
Education
by ocaptain
29
Backtesting Part 2: Testing Your Trading System in 3 Easy StepsIn my earlier article, " Proving Your Trading System with Backtesting ", I outlined the HOWs and WHYs of backtesting. Does your trading system work under all conditions? Under what conditions might it *not* work? Can you remove those instances from your plan? Under what conditions might you *improve* your win rate? In another article, " The Unexamined Trader ", Just as an unexamined life is not worth living, the unexamined trader should not be trading a system that has not been tested under ever
CME_MINI:ES1!Education
by ocaptain
171
Are you "The Unexamined Trader"?Socrates famously said “The unexamined life is not worth living.” Why do we do what we do, why do we feel the way we feel about something, or what is our purpose in life? These questions brought about generation after generation of journals, diaries, and random thoughts from some of our greatest thinkers from Socrates himself, to Jonathan Edwards in early America, and maybe even yourself. If we look at the information, meditate on it, we *should* take future actions that will be purposeful and n
COMEX:GCZ2020Education
by ocaptain
19
Every trader MUST have a trading journal!1. What is a trade journal? A trade journal is a method which allows you to describe all the relevant details of every trade that you take. 2. Should I have a trade journal? Every single trader MUST have a trading journal. Without having a clear picture for each of your trades, it will be very hard to become a successful trader. 3. How does a trade journal help me? A trade journal is like a time machine: it allows you at any time to review your trades and their outcome, reflecting y
BINANCE:BTCUSDTEducation
by Mike713
6
Value Investment - RUBI - Sales RecoveryAll comments and likes are very appreciated. _________________________________________________________________________________________________________________ Description I do hope that the federal government will do its best to support millions of families that will suffer during 2020. This report is about the more mundane topic of a stock recommendation. I do believe that the combination of stimulus from the federal government, and Federal Reserve, plus a peak in COVID-19 infections wil
RLong
by NextOrderAlpha
3