Hello Friends,
I have been trading for a long time without success, recently developed a new strategy & it works like a charm but I am still in loss, dnt seem to pinpoint where I am going wrong, its been a long hard working painful journey, I gave away my entire professional Life & sort of personal life too so I dnt want to quit it now when I am so near to achieve my life's only goal of being a professional trader.
Now lets come to this thread:
I truly believe that the strategy I am following is being followed by THE BIG BOYS(The Kings) of trading, I can see it from my eyes & feel it in successful trades, what I have found that Best Traders hunt in packs & take the same trades, they might be using different strategies but they definitely work on same level of collective Brain frequency.
In this thread i'l be posting my live trades in the hope that one of The Big Boys(TopGun, The King) might see me struggling with the right system but lacking a little bit so will have some sort of sympathy towards me & will pick me up & fine tune my silly mistakes & welcome me in the club just like in the movie..... "NOW YOU SEE ME"
I can be very useful for him/her as an assistant which will reduce his/her workload a little bit.
Will start it from today a new Month which is coincidentally my birthday Month.
Thanks.
Hi Monk,
Good Luck on your journey mate. Everyone went through these stages. To get the most of people's advice in here it's only fair to be clear about the help we intend to ask. Many seniors are happy to help, but it's in everyone's best interest that we ask for specific help.
In this regard,allow me to structure this discussion and please answer the following questions:
Strategy Front:
1. Are you planning on disclosing your strategy?
In my opinion without disclosing the strategy and just posting levels, seniors will have no inclination nor will they be able pin point the flaws as no one wants to waster their time guessing how you are deriving the analysis of price points as the number of combinations can be mind boggling:
Fractals, Indicators, Volume Spread Analysis, Order Flow, Market Profile, Event Trading, Pure Price Action Trading.....
Psychology Front:
From what you said, the winning ratio is good, and you yourself say you don't stick to the rules. It's clear that, that there are problems w.r.t trade execution.
Do whatever you got to do i.e. demo trade, reduce the position size, switch to higher time frame etc... and find a way to just stick to your rules.
About Scared Money:
Markets will be available even in the future, so sort out your financial situation first and parallel you can keep testing or play with small amounts...
These are just my guesses from what i read. Feel free to use or discard as you see fit....
Good Luck...:thumb: