Hi all,
I started this thread to share my experience and seeking advices from everyone that will be so nice to use its time to share something useful here. What I strongly want to do is become a profitable trader and trading for a living. For the moment I'm not a profitable trader but I think that I'm not too far from the goal. I started a previous thread here where I haven't post for some time and instead of resume it I prefer starting a new one more focused on seeking advices and sharing my experience in my (hopefully) journey towards trading in a professional way. In the period I haven't posted I worked on my method that combine VSA (mostly from Malcom's thread) and S/D levels (from Alfonso Moreno's thread). Actually my method uses the H1 trend identified utilizing S/D levels (if price has take out a previous supply level then trend is up, otherwise is down) and going down to the m5 chart to identify an entry using trend as on H1 and VSA analysis. In particular I identify the highest volume candle of the day and trade mostly tests at that level (if for example trend on H1 is up, the HV candle must be below actual price and if price retraced back to that level (or near it) on low volume, I buy and place the SL below the HV candle or last relevant S/D level). I think that this method has a strong potential. My goal however is always analysing and trying to understand what is happening in the market and taking trades accordingly to it. I strongly believe that analysing price combined with volume provides all the necessary information needed to trade in a profitable way with a clear understanding of what's going on. I hope that many other traders here will share their observations but always accordingly to this vision, using only price and volume please.
About trading for a living, I think that there 3 possible ways to achieve my goal. The first is growing my capital so that I can make a living out of it. The second is that I would be able to find clients and trade their money. The third is be hired by an asset management firm.
My starting capital is low (actually around 2K) and I already blew a couple of account (I'm saying it because here I will share the explorer and I didn't want to hide my previous failures, there is nothing wrong with them, are just part of the journey and I want to be transparent). In the excel file below there is a simple calculation of the trades necessary to grow my actual account to a million, assuming every trade gains 3% of the account. It would take 213 profitable trades. It is very difficult and maybe unrealistic but this is what I should work toward (dream big, work hard). I also think that it's not impossible, difficult but not impossible. I should just find an edge, be able to profit from it and repeat. Also note that growing the account to a 6 figures number would already be a very good achievement.
About points 2 and 3 of the list above, these are by-products of point one: if I will be able to achieve profitability maybe I will be able to find investors or employers, this is another reason why I will try to share as much as possible about my trading method and journey. I worked in a hedge fund as fund analyst and in investor relations and I know (from both the manager and investor point of view) the informational asymmetries in the industry and how much is hard rising money or having complete trust in someone who manages it for you. So I think that eventually the most transparent I'll be here, the more information a potential client could have. Please note that I'm not looking for clients at the moment and I also don't know if I'll eventually would take the responsibility of investing other's people money one day, but this is a possibility for someone that wants to trading for a living so I had to list it.
Just to complete my background, I'm Italian and I'm 29 years old. I have a major degree in Economics and Finance and I passed the CFA level 2 exam.
I hope that many here will share their experiences and stop by to provide a feedback to my trades.
I started this thread to share my experience and seeking advices from everyone that will be so nice to use its time to share something useful here. What I strongly want to do is become a profitable trader and trading for a living. For the moment I'm not a profitable trader but I think that I'm not too far from the goal. I started a previous thread here where I haven't post for some time and instead of resume it I prefer starting a new one more focused on seeking advices and sharing my experience in my (hopefully) journey towards trading in a professional way. In the period I haven't posted I worked on my method that combine VSA (mostly from Malcom's thread) and S/D levels (from Alfonso Moreno's thread). Actually my method uses the H1 trend identified utilizing S/D levels (if price has take out a previous supply level then trend is up, otherwise is down) and going down to the m5 chart to identify an entry using trend as on H1 and VSA analysis. In particular I identify the highest volume candle of the day and trade mostly tests at that level (if for example trend on H1 is up, the HV candle must be below actual price and if price retraced back to that level (or near it) on low volume, I buy and place the SL below the HV candle or last relevant S/D level). I think that this method has a strong potential. My goal however is always analysing and trying to understand what is happening in the market and taking trades accordingly to it. I strongly believe that analysing price combined with volume provides all the necessary information needed to trade in a profitable way with a clear understanding of what's going on. I hope that many other traders here will share their observations but always accordingly to this vision, using only price and volume please.
About trading for a living, I think that there 3 possible ways to achieve my goal. The first is growing my capital so that I can make a living out of it. The second is that I would be able to find clients and trade their money. The third is be hired by an asset management firm.
My starting capital is low (actually around 2K) and I already blew a couple of account (I'm saying it because here I will share the explorer and I didn't want to hide my previous failures, there is nothing wrong with them, are just part of the journey and I want to be transparent). In the excel file below there is a simple calculation of the trades necessary to grow my actual account to a million, assuming every trade gains 3% of the account. It would take 213 profitable trades. It is very difficult and maybe unrealistic but this is what I should work toward (dream big, work hard). I also think that it's not impossible, difficult but not impossible. I should just find an edge, be able to profit from it and repeat. Also note that growing the account to a 6 figures number would already be a very good achievement.
About points 2 and 3 of the list above, these are by-products of point one: if I will be able to achieve profitability maybe I will be able to find investors or employers, this is another reason why I will try to share as much as possible about my trading method and journey. I worked in a hedge fund as fund analyst and in investor relations and I know (from both the manager and investor point of view) the informational asymmetries in the industry and how much is hard rising money or having complete trust in someone who manages it for you. So I think that eventually the most transparent I'll be here, the more information a potential client could have. Please note that I'm not looking for clients at the moment and I also don't know if I'll eventually would take the responsibility of investing other's people money one day, but this is a possibility for someone that wants to trading for a living so I had to list it.
Just to complete my background, I'm Italian and I'm 29 years old. I have a major degree in Economics and Finance and I passed the CFA level 2 exam.
I hope that many here will share their experiences and stop by to provide a feedback to my trades.
Attached File(s)
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