In One Sentence - How Do You Trade?

If thats how the majority trade, then you might have a credible system.......

It seems to me the majority of traders let the market BE a virtual coin-toss. They trade as follows -
"Price has gone up: I must go short."

Apparently it was a light-hearted post and good for comic relief.

KP

Realise there is not a "one system / method fits all". We each have to develop a system that fits around our personality and realistic goals.

i am still learning how to trade?

Continuous learning and development as a trader fosters sustainable trading success.

KP

Quoting T4Trade

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i am still learning how to trade?

Ignored

Trading only one pair at a time so I can be laser-focused.

(Nice thread, KP!)

Mastering the pairs I trade is an important key.

KP

Learn to see the manipulation of the markets as your friend, not a trend.

I try to follow the coattails of smart money.

KP

I think that in my approach the most important thing is to analyze the situation and what happened, I do not like it when the same situations are repeated regularly, and I do not understand their mechanisms and reasons. I think that this is an absolutely hopeless approach, which will never bring you any money or confidence. In fact, for the work to be effective, you have to think about every step and analyze the mistakes. That is why traders so often talk about the importance of statistics, it really helps and allows you to adequately assess your personal statistics. And you see how you are growing and accordingly understand where you are going next. After all, the perspective does not take the last place in our business.

Thank you. Could you now tell us in one sentence how you trade?

KP

Quoting Doomterror

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I think that in my approach the most important thing is to analyze the situation and what happened, I do not like it when the same situations are repeated regularly, and I do not understand their mechanisms and reasons. I think that this is an absolutely hopeless approach, which will never bring you any money or confidence. In fact, for the work to be effective, you have to think about every step and analyze the mistakes. That is why traders so often talk about the importance of statistics, it really helps and allows you to adequately assess your...

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unbelievable

I don't trade news but after any post high-impact news market reaction has settled, I reassess the bigger technical market outlook.

KP

What was the main trend before the news, what happened at the potential reaction/turning zones already identified and how is price action positioned vis-a-vis my original trading plan?

KP

Quoting KeenPips

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I don't trade news but after any post high-impact news market reaction has settled, I reassess the bigger technical market outlook. KP

Ignored

Mark the territory, Plan the trade, Trade the Plan.

Wait for the market to show its hands .

KP

Quoting Shabs19

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Mark the territory, Plan the trade, Trade the Plan.

Ignored

look for longer term trends, enter on a breakout in the direction of the trend, cut losses quickly, trail the stop.

Well done but in one sentence, tell us how you trade.

KP