Hello everybody
1 month of trading live account and i succeed no losing
A lot of time closed at breakeaven
A little bit dificult but I folow Alan rules
How is your trading ?
Who succeed ?
Thanks to Alan I’m sure it will work for me
but I miss good trades
I have to practice
it should be a good idea to post our trades to improve everybody
Cheers
Chris
Trading is very much a solitary affair as we sit at home in front of a set of charts trying to make sense of the situation so we can profit form it.
This is why so many people fail because this really is very exhausting We have to be patient and wait for the trade to setup, then we have to press the button to get in at the right time. The execution of the trade may take hours and hours where we monitor the progress. We try to become professionals with an amateur approach because we simply cannot monitor the charts all of the time as sole traders. At best we should only expect to get a small slice of the daily action unless like professionals we work as a team with staggered shift times but this is not going to happen because then we would all become employees and would all have to be on the same page perhaps under the watchful eye of a team leader of sorts.
Look at yesterdays 1 hour chart (below) the setup formed smack in the middle of the day which for me was the middle of the night and then ran for some 6 hours or so. This is of no use to me at all but depending where you are in the world it could have paid very nicely. I had to content myself with a few small scalps. If I was to got at it full on, then I would probably only be able to trade every second day because I need to sleep from time to time.
Trading is very much a solitary affair as we sit at home in front of a set of charts trying to make sense of the situation so we can profit form it. This is why so many people fail because this really is very exhausting We have to be patient and wait for the trade to setup, then we have to press the button to get in at the right time. The execution of the trade may take hours and hours where we monitor the progress. We try to become professionals with an amateur approach because we simply cannot monitor the charts all of the time as sole traders....
Ignored
So true Alan ... Two of my greatest challenges are "Patience" and "Frustration" not being able (Prepared to) trade all night when I should be sleeping during the NY session(Been there done that and it's not the lifestyle I took up the trading challenge for) ... So many trades are missed or turn on existing trades during the NY session and that can become very frustrating and therefore not good for the "Patience Challenge" as a consequence ... BUT we are all trading for different reasons, In different parts of the world etc etc and that is why all traders must find what works for them best ...not some other trader
{quote} So true Alan ... Two of my greatest challenges are "Patience" and "Frustration" not being able (Prepared to) trade all night when I should be sleeping during the NY session(Been there done that and it's not the lifestyle I took up the trading challenge for) ... So many trades are missed or turn on existing trades during the NY session and that can become very frustrating and therefore not good for the "Patience Challenge" as a consequence ... BUT we are all trading for different reasons, In different parts of the world etc etc and that is...
Ignored
Well said Kev, this is why I always stipulate this is my way of trading the market and others may have a totally different concept that works well for them.
So today the price is at the 1H Ema (above it) we look to the 5 min and see at the 108 it is a bullish HD and try for a long. Stop now at BE and wait and see if we can get the 2nd entry.
Trading the Cable swings via averages
