Hi guys,
My interest in finance started when I was thirteen. Started messing around with options then stocks but ultimately the FX market fit my style. Today I am 27 years old and I have been through the ups and downs. You will never learn to win if you don't learn to loose. The best advice I could give is that you need to find your own style of trading. DO NOT follow systems you find on the internet including here. Learning has been very hard to say the least. The first chance I had to trade real money required me to save for two years (~$30,000) and I lost it all in about two months. This was after high school.
Now that I am about to graduate college I will work doing what I do best, trade! I feel I have mastered reading supply and demand after years and years of tireless sleepless nights and days watching price action.
The name of the game is to recognize supply and demand. My method for doing this requires multi-time frames. I prefer to use 15 min, 240 min, and daily. Apply any oscillator of your choice (mine: stochastics RSI) to each of your windows. (Never trade against the direction of an oscillator in a monthly chart, this is your trend). Longer time frames give you the market's trend. So if your monthly is bullish look for discrepancies in your lower time frames. If your daily if bullish look for discrepancies within your smaller time frames. Discrepancies within the small time frames equals quick opportunities while discrepancies within larger time frames like the 4 hour and above equal big moves in the direction of the larger time frames (daily, weekly, or monthly). This is how I determine the direction prices will take.
My profit factor is over 400, I am perfect so far in my long positions, and have had only one minimal loss that is technically a win, use limit orders people
Average profit=over $1000
Average loss (my only loss)=$160
I started with a $70,000 account in October, currently just above $150,000.
You will see October is my smallest gain, just remember I am a full time student and have little time to trade.
My interest in finance started when I was thirteen. Started messing around with options then stocks but ultimately the FX market fit my style. Today I am 27 years old and I have been through the ups and downs. You will never learn to win if you don't learn to loose. The best advice I could give is that you need to find your own style of trading. DO NOT follow systems you find on the internet including here. Learning has been very hard to say the least. The first chance I had to trade real money required me to save for two years (~$30,000) and I lost it all in about two months. This was after high school.
Now that I am about to graduate college I will work doing what I do best, trade! I feel I have mastered reading supply and demand after years and years of tireless sleepless nights and days watching price action.
The name of the game is to recognize supply and demand. My method for doing this requires multi-time frames. I prefer to use 15 min, 240 min, and daily. Apply any oscillator of your choice (mine: stochastics RSI) to each of your windows. (Never trade against the direction of an oscillator in a monthly chart, this is your trend). Longer time frames give you the market's trend. So if your monthly is bullish look for discrepancies in your lower time frames. If your daily if bullish look for discrepancies within your smaller time frames. Discrepancies within the small time frames equals quick opportunities while discrepancies within larger time frames like the 4 hour and above equal big moves in the direction of the larger time frames (daily, weekly, or monthly). This is how I determine the direction prices will take.
My profit factor is over 400, I am perfect so far in my long positions, and have had only one minimal loss that is technically a win, use limit orders people
Average profit=over $1000
Average loss (my only loss)=$160
I started with a $70,000 account in October, currently just above $150,000.
You will see October is my smallest gain, just remember I am a full time student and have little time to trade.
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