Disliked{quote} Hi Chrissk, You articulate your chart very well. Posts & chart above are genius. It blows me away how clearly you can articulate incredibly complex material. You need to write a book man. This, for instance, was so well said it made me stand and applaud... You're on of those who are able to consistently make money trading coz you have had to pay your dues through years of hard work and money spent. Congrat Bro. Keep up the great work here. P/S I want to migrate to Estonia. How can I get citizenship there. Do I need to marry local girl to...Ignored
Disliked{quote} Hi Chrissk i am humbled and glad that a small effort of mine helped, since beginning i am a fan of your charts not only your charts are better than mine but how well you explained them is some thing perfect! keep it up mate , regards bilalIgnored
Apologizes for the late reply.
It really was a tough journey indeed and now Im glad its just a beginning in the bigger picture. Just recently (last quarter) I started to see consistent results week after week in and it feels amazing when nearly a year of consistency, hard work & study has actually starting to pay off. There wasnt even a single day when I didnt look at the charts since I placed my first trade at the spring of 2021. From then on nearly every day 90%+ of my free time went into studying, research & practise on trading - 20 hours a day looking at charts wasnt nothing for me while still maintaining some kind of healthy habits, workout schedule etc. I cant imagine doing all this while working full time - it would take probably 2-3 years atleast, no wonder alot of people quit before reaching their full potential.
Pat, Your signature was one of the few pshyological barriers I struggled with and when I got rid of it then the results really skyrocketed.
"Fear of losing is #1 reason You are losing" and then one can really start to see results when risk is mentally accepted. Alot of this has to do with risk management - risking 1% or as I like to be flexible 0.5-2% (2% as absolute max) per trade a golden rule. If You actually risk 1% why would You be scared of a loss right? I ignored it so badly when I started out and boy was I wrong, few trades/clusters of "bad luck" in and accounts wiped out like nothing day after day.
As I like to refer to high quality trading as when multiple high probability confluences meet - You also need those confluences before placing a trade, those 3 key elements - psychology, risk management & previously backtested and forwardtested profitable strategy. You also need to be comfortable in differenent market environments and situations, I believe this is achivable with experience & getting the actual "feel of the markets".
Once this skillset is achived one can really change their lives.
If anyone takes something from it then work on the risk management and dont ignore it. So much capital and accounts would be saved from not blowing off just by following this one simple rule - risking only comfortable amount Your willing to lose ~1% per trade & capital preservation. Start slow and work Your way up.
Regards,
Chriss K
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