just follow the fucking trend and you'll be hella profitable. (this is not an exaggeration)
risk 2% max of your capital.
you only have 1 of 2 choices, win rate or risk-reward?
I chose the former, as I love to win, my avg. rr is 1-to-1
any entry methods is okay, but I prefer breakouts.
find a good exit strategy, I exit whenever there is a Daily chart Pin-bar.
and yes I only trade the Daily timeframe, much more profitable.
People who thinks that they have to trade everyday are suckers. (losing trader)
edit:
the goal here is to be a consistently profitable trader, not to double your money in 2weeks.
after you are consistently profitable, investors will give you money, that's where the big bucks came from.
try to achieve 60% win rate and 1-to-1 rr for 6 months and voila! you are consistently profitable. it's that simple.
figure out how to manage your trades. entries is the least important thing, the most important thing other than MM & Psychology is how to identify trend.
Lemme give you a hint: Market Structure.
it's fuckin simple.
if you are new, you might wanna lose some money first until you feel numb. losses are necessary.
risk 2% max of your capital.
you only have 1 of 2 choices, win rate or risk-reward?
I chose the former, as I love to win, my avg. rr is 1-to-1
any entry methods is okay, but I prefer breakouts.
find a good exit strategy, I exit whenever there is a Daily chart Pin-bar.
and yes I only trade the Daily timeframe, much more profitable.
People who thinks that they have to trade everyday are suckers. (losing trader)
edit:
the goal here is to be a consistently profitable trader, not to double your money in 2weeks.
after you are consistently profitable, investors will give you money, that's where the big bucks came from.
try to achieve 60% win rate and 1-to-1 rr for 6 months and voila! you are consistently profitable. it's that simple.
figure out how to manage your trades. entries is the least important thing, the most important thing other than MM & Psychology is how to identify trend.
Lemme give you a hint: Market Structure.
it's fuckin simple.
if you are new, you might wanna lose some money first until you feel numb. losses are necessary.
Let ur winners run & cut ur losses short.