Day trade setup

buying dip us30. when I trade us30 I try to take 1:3 RR trade.

Done 3r hit tp.

Overtrading can be a common problem for many traders, as it can lead to excessive risk-taking and poor decision-making. Here are some tips to help you stop overtrading:

1. Create a trading plan: Having a clear trading plan that outlines your entry and exit points, risk management strategy, and overall goals can help you stay focused and avoid impulsive trades.
2. Set trading limits: Establishing trading limits, such as the number of trades you will make per day or week, can help you avoid overtrading. Once you have reached your trading limit, stop trading for the day or week.
3. Stick to your strategy: Stick to your trading strategy and avoid deviating from it based on emotions or short-term market movements. This will help you make more informed trading decisions and avoid overtrading.
4. Take breaks: Taking regular breaks from trading can help you clear your mind and avoid impulsive trades. Consider taking a break from trading for a day or two if you find yourself overtrading.
5. Monitor your trading activity: Keep track of your trading activity, including your profits and losses, to identify patterns of overtrading. This can help you make necessary adjustments to your trading plan and behavior.
6. Seek support: Consider seeking support from a trading mentor or coach who can help you develop strategies to avoid overtrading and improve your overall trading performance.

Remember that overtrading can be detrimental to your trading success, so it is important to take steps to address it. By implementing these tips and strategies, you can avoid overtrading and improve your trading performance over the long term.

There are several reasons why people may overtrade:

1. Greed: Some traders may overtrade because they are driven by the desire to make more money quickly. This can lead to excessive risk-taking and impulsive trading decisions.
2. Fear of missing out (FOMO): FOMO can lead traders to enter and exit trades based on short-term market movements, rather than sticking to their trading plan. This can result in overtrading and poor decision-making.
3. Addiction to trading: Trading can be exciting and addictive, leading some traders to overtrade and take unnecessary risks in order to experience the rush of trading.
4. Lack of discipline: Traders who lack discipline and fail to follow their trading plan may overtrade and make impulsive trading decisions.
5. Lack of knowledge or experience: Traders who lack knowledge or experience may overtrade in an attempt to learn quickly or make up for losses.
6. Overconfidence: Traders who are overconfident in their abilities may take on more risk than they can handle, leading to overtrading and poor performance.

Overall, overtrading can be caused by a combination of emotional and behavioral factors. It is important for traders to identify the root causes of their overtrading and take steps to address them in order to improve their trading performance over the long term.

@hasib and @T221 seem to have experience of live trade money management. I have these two indicators one should calculate position size based on ATR, percentage risk (default 2%); the other should also calculate lot size based on AT, risk by US$, defaault 50$. The confusion is why the ATR setting should be default different in both calculations if only the type of risk changed, I found no manual for them but the results seems much to low lot size. If I set ATR(14) then 1% 0f 5000 is 50$, I could not get both results matched! Is the calculation right at all?
if you could test and tell if the result is realistic or wrong compare what you normally set for a 5000$ account max daily draw down should be 5%.that would be very helpful for me to start

GU M5 TP hit.

LN open pushes have been kind to me this week! TP 1.5R

GBPAUD M15

This one took a while to get moving but there was no reason to close it.

TP 1.86516 and it's at B/E now with a HH formed..

TP 1.5R

Play with this indicator

Just a suggestion, Hasib.
It will help if you can support this indicator w a screenshot.
This way, readers will know how this indicator looks like, whether it suits them, before applying into MT4 to play.

No matter what strategy they use. From live trading, you will always learn some that will help your trading.
Best of luck

I've just watched that video. It is very interesting how the human mind fights you back. Good watch. Thanks for the recommendation.

watched it , in the end he did well to move forward thank you for this video well worth the watch for all traders

very interesting, thx.

you can see how he fights and how big the challenge is.

daytrading is easy money, BUT most difficult to stay constant.

3 hours clip,who will watch it?

yes, it was a fight, although, in the last stage of the game he took a considerable risk, it was luck and hard work.
People get lucky if they survive the game. surviving the losing strict is game-changing for all traders.

this indcaitor is very good,it shows the range is over or retracement,so can someone please make the line to be drawn from the arrow until it is broken,thanks

YOU found it useful I trust

turnip give you nothing take you knowhere

i didnt watch the whole 3 hours, but at least 45 minutes. Fast forward, so to speak;-)

its just to get a feeling how this guy thinks and acts. even if he is not the best trader, the process of his challenge over many days was interesting.