Posts

Showing posts from March, 2023

How To Change Your Trading In Just 6 Months

Image
 How To Change Your Trading In Just 6 Months : 1. Create the strategy 4 hours per day: - 2 hours of studying price action - 1 hour of backtesting your system - 1 hour of improving your edge Be consistent. Practicing 1 hour per day is much better than practicing 5 hours once a week. 2. Cut the crap - Remove useless indicators, lines and everything that confuse your mind - Focus only on 1 system and/or 1-2 setups Becoming a master of 1 setup is 10x better than being an average trader of 10 setups. 3. Risk management as #1 priority - #1 goal is to survive. If you can survive you can gain skills and experience - Plan your risk per trade, WR and RRR A trader with an average system but great risk management will destroy a trader with the best system but no risk management. 4. Be a trading sniper, not a machine gunner - New traders fail because they think more trades = more gain - Spot most liquid areas, don't fight against the trend, avoid choppy price Let other traders be the the infa

7 HACKS TO BOOST YOUR TRADING

Image
                     7 HACKS TO BOOST YOUR TRADING  If you do it right, trading is the most rewarding business in the world. But most traders don't know how to win consistently for 3+ years. 7 hacks to improve 10x your trading: 1. Focus on risk, not money Most traders focus 100% on money, take big risks, blow big accounts - Focus on risk per trade, WR and RRR to improve your execution - Money is just the tool to get more money 2. More trades =\= More gain - Many traders think you'll have more opportunities if you take more trades - The truth is that you don't need to catch every market movement - Patience for the best opportunities is the best trading skill Wait for liquidity areas. Focus 100%. Win. 3. Plans, systems, rules Become a master of your weapons: - Plan like a genius - Execute systems like a robot - Follow rules like a soldier In trading there are no crystal balls, magic tools and lucky breaks. 4. Focus on the long term, not the short term - You won't be a s

How To Trade Support And Resistance

Image
                       Support and Resistance is, in my style of  Trading one of the most important factors. There are hundreds of different types of support or resistance in technical  trading and if you took into account every signal one your charts would be so complicated and messy that you’d more than likely  Keep it simple. Choose a style and stick to it. In my  trading I look at different types of support and resistance with varying levels of importance and I’d use them for different purposes. That being said I use each type of support and resistance in the same way every single time, applying mechanical rules to my trading so my probability edge can be played out over time. The opposite of that would be using a hunch or a feeling to make  trading decisions which is asking for trouble. As your emotions and moods fluctuate your hunches and feeling therefore change, which means you have no way of measuring your edge and expectancy. With no measured expectancy you have no way of