trade breakdown GBPJPY on 20-11-2023. Ended up being a loss after knowing it was not a good setup.
Hey there, so today I would like to introduce the first episode in what I would like start calling Mindset Mondays. So in this session we going to: - Learn how to overcome the fear of losing so you can trade with confidence and fearlessness - Discover how to leverage your losses and maximise your returns resulting in consistent and sustainable equity growth -...
The Reality of Trading.. Welcome to the last trading day of the week. Still testing the new methodology of trading An hour everyday. Its a intriguing experience so far & I'm enjoying it. We tool two loss today while trading our method and its part of the game. Result so far! 1st week- -5r 2nd week- -2r -4r
Not a great day to trade. Perfect example of what not to do on boring slow OPEX days especially after a huge gap down. Should have avoided it or only take A+ set up trades. Got burned and ended up revenge trading in the power hour to gain some losses back, but still ended up red on the day. Anyway, HAPPY MEXICAN INDEPENDENCE DAY!!!
Hey everyone, so looks like another GBPUSD, to be honest, this trade took me by surprise but check out how the position played out to see why.
I explain what I mean by a beautiful controlled loss. Some traders don't want to hear about losses, though it's about the most important thing in trading. The position shown is a paper-trade. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions...
Jumped in a play, was looking for a inverted head and shoulders play, didnt play how i wanted, took my stop loss seriously, and good thing to remember is always pay attention when speakers are on tv
Of course there are many ways to take chunks out of the markets. Hundreds of methodologies are out there. And the markets are experts at taking chunks out of you and your account. In the 4.5 min video I briefly show two types of 'attacks' on the market: 1 - Strategic 2 - Tactical . Strategic In the strategic approach (which could be any methodology), you...
Hi traders, Sometimes a re-entry after a shake-out is a good idea. And sometimes you lose even the second time because the market starts dropping, taking most of stock with it. Well, nothing you can do! At least Boeing made me most of lost money back ;) Trades: 1) CAR - LONG @28.52, -1.11% 2) CAR - LONG @28.51, -1.25% 3) BA - SHORT @199.89, +1.90% *In my ID...
Hi traders, Murphy says the very next time we decide to do something, it won't work. That's what happened to me on Wednesday as I re-entered Citigroup after missing a re-entry on Tuesday in PTON. Aaand ended with 2 losses. The day was even more painful because in UNFI I spotted 2 good opportunities - both of which worked - but did not get filled. A nice profit...
Hi traders, Losing in one particular stock doesn't mean you should be done with it for the remainder of the day. One deeper pullback got me out of my PTON Long which then offered a really nice profitable opportunity later in the day which I sadly didn't take advantage of and cost myself money! Trades: 1) PTON - LONG @46.23, -1.02% *In my ID trades, I risk 1% of...
Hi traders, Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.* SPY was down for the first 1.5 hours and then retraced, spending the better part...
This position corrected course then had a gap up that should have signaled an exit. I chose to hold on (bad decision almost every time) and I paid the price for that.
This is a very wild instrument so be careful. No predictions here. I'm showing how I'm preparing for this one.