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Gold

Every day, every week, every month, and every year, I will have a trading plan. I know how much profit I want to make and how much loss I’m willing to accept from each entry in the market.

For example, with an account equity of USD 10K, I will withdraw every profit I make, as I hit USD 10K, to avoid losing all my gains and to maintain discipline by sticking to my target and trade plan. Slow but steady.

Consistency comes with sticking to just one instrument and one strategy. Use a technique or strategy that feels comfortable and easy for you.

Don’t just follow what others do—do it your way. If I can, anyone can.
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NO system selling, only learning, GOLD trading, earning.
Quoting MissD
Every day, every week, every month, and every year, I will have a trading plan. I know how much profit I want to make and how much loss I’m willing to accept from each entry in the market. For example, with an account equity of USD 10K, I will withdraw every profit I make, as I hit USD 10K, to avoid losing all my gains and to maintain discipline by sticking to my target and trade plan. Slow but steady. Consistency comes with sticking to just one instrument and one strategy. Use a technique or strategy that feels comfortable and easy for you. Don’t...
BUT...... you could make profits quicker with larger positions, e.g. double size when the account doubles.

At least, if I went from 10K to 20K, I would at least try for it one time!

Thanks for sharing.

"Forex a Great Hobby, But Not a Great Job"
Texas-2-Step All Time Return: 10.7%
What a week on 1-Hour chart, ATH then yo-yo down, up, down on Friday, dollar down too, can't figure it out.

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"Forex a Great Hobby, But Not a Great Job"
Texas-2-Step All Time Return: 10.7%
  • #64,704
  • Quote
  • Edited 10:17pm Feb 14, 2025 10:03pm | Edited 10:17pm
Quoting Erebus
What a week on 1-Hour chart, ATH then yo-yo down, up, down on Friday, dollar down too, can't figure it out. {image}
Is this a Double Top pattern.

https://forexschoolonline.com/double...double-bottom/


So here the current scenario , Gold is at the neckline but not broken the neckline. Can someone please confirm.
Quoting Erebus
{quote} BUT...... you could make profits quicker with larger positions, e.g. double size when the account doubles. At least, if I went from 10K to 20K, I would at least try for it one time! Thanks for sharing.
I personally prioritize reducing the risk to my original equity. Even though I could potentially double my profits with a larger equity, I know myself well enough to understand that I can make up to 500% profit in a day from my starting equity. So, to protect that original equity, I must remain disciplined and withdraw 100% of the profit I make at that point.

For example, like the chart I showed above, my profits had already exceeded 200% of my equity, so I withdrew every amount of $10K, and then the next $10K after that.

I have 3 trading accounts. One small account that I use for compounding each month, another personal account with an initial equity of USD 10K, and the third account, which I manage, has a much larger capital. For each account, I use a different approach to set my profit targets.
NO system selling, only learning, GOLD trading, earning.
Quoting MissD
Every day, every week, every month, and every year, I will have a trading plan. I know how much profit I want to make and how much loss I’m willing to accept from each entry in the market. For example, with an account equity of USD 10K, I will withdraw every profit I make, as I hit USD 10K, to avoid losing all my gains and to maintain discipline by sticking to my target and trade plan. Slow but steady. Consistency comes with sticking to just one instrument and one strategy. Use a technique or strategy that feels comfortable and easy for you. Don’t...
very good.

You do this every week or every month or time does not matter, but wait for 10 k to be earned on 10k equity ?
Intraday only.
FOMO buys the top.
Greed holds too long.
Fear sells the bottom.
Panic destroys everything.
No chaos, no money
Dancing with Ghosts: Whispers of the VoidPool
Quoting MissD
{quote} I personally prioritize reducing the risk to my original equity. Even though I could potentially double my profits with a larger equity, I know myself well enough to understand that I can make up to 500% profit in a day from my starting equity. So, to protect that original equity, I must remain disciplined and withdraw 100% of the profit I make at that point. For example, like the chart I showed above, my profits had already exceeded 200% of my equity, so I withdrew every amount of $10K, and then the next $10K after that. I have 3 trading...
Love the discipline that you have ! Creating different accounts for different purposes is a nice way to optimize your trades .
Consistency is the key no doubt , and you have been doing a great job at that .

May i ask you for how many years you have been trading ..? if you don't mind
Accept your Fate .
Quoting navk
{quote} very good. You do this every week or every month or time does not matter, but wait for 10 k to be earned on 10k equity ?
Yes, I can repeat this several times in a day. 100% profit is normal for me, as long as the market is moving fast and looking good. If the market is slow, then I'll also take it slow.
NO system selling, only learning, GOLD trading, earning.
Quoting BEN9
{quote} Love the discipline that you have ! Creating different accounts for different purposes is a nice way to optimize your trades . Consistency is the key no doubt , and you have been doing a great job at that . May i ask you for how many years you have been trading ..? if you don't mind
Yes, that's my approach—never put all your eggs in one basket.

I started my journey in January 2023. I'm still an amateur, but I stick to a very simple strategy that works for me.

Discipline, focus on one instrument, and one strategy.
NO system selling, only learning, GOLD trading, earning.
Quoting MoneyPrinte
FOMO buys the top. Greed holds too long. Fear sells the bottom. Panic destroys everything. No chaos, no money

Absolutely! Emotions like FOMO, greed, and fear can really mess with your decisions. That’s why it’s so important to stay disciplined and patient, and just stick to your plan. It’s all about staying calm and focused.
NO system selling, only learning, GOLD trading, earning.
Quoting MissD
Every day, every week, every month, and every year, I will have a trading plan. I know how much profit I want to make and how much loss I’m willing to accept from each entry in the market. For example, with an account equity of USD 10K, I will withdraw every profit I make, as I hit USD 10K, to avoid losing all my gains and to maintain discipline by sticking to my target and trade plan. Slow but steady. Consistency comes with sticking to just one instrument and one strategy. Use a technique or strategy that feels comfortable and easy for you. Don’t...
that is an impressive profit. Congrats! Which indicators do you use primarily?
Quoting rudolphxau
{quote} that is an impressive profit. Congrats! Which indicators do you use primarily?
I don’t actually use indicators. I mainly just mark price levels on the chart, like I’ve shared before. Then, I use Fibonacci to check where the 0%, 50%, and 100% levels are, which also helps me with setting take profit levels. The only indicators I use occasionally are the EMA 8 and EMA 21, but other than that, I don’t use much. I’ve tried using RSI, MACD, Parabolic SAR, etc., but I found they just made things more complicated and confusing for me. I’m much more comfortable with just a clean, naked chart.
NO system selling, only learning, GOLD trading, earning.
Quoting non8me
{quote} Thank you for your detailed response, yes, I remember that you anticipated this drop for several days ago. Gold had been in an oversold condition since early February, so I wasn’t in a hurry for the decline anymore ^^ I'm glad I was busy elsewhere; I think I would have gotten caught otherwise. I still have a lot to learn. I take note that Fridays have particular dynamics and require special attention. I suppose many traders close their positions on that day to avoid keeping them open over the weekend, facing uncertainty, or simply...
Thank you after a long time got some positive response to be honest, because if no one is listening why waste your time,
*time is Money*
i will have to hire a skilled Video editor Skilled in Adobe After Effects, Adobe Premier pro
if you know someone, specially from India, Pakistan, i have searched fiver even Upwork freelancing websites,
but they are looking for a project make it and move on to next project,
i need a guy who can work with me for 10 years.
please PM me the details and i will contact them
i will appreciate the help.
because i will pay per video, work anytime you want i just need 2 video's per week.
so you have freedom it will not effect your job or freelancing work.
i hope i will find someone soon.
thank you.
and as a bonus i will offer Free copy trading for their account. what ever i trade copy trading software custom built will copy trades to his account money doesn't matter, even 500$ account an get to 100k after 10 years with 5% monthly return.
That is the Magic of Compounding and how to apply it to Trading, forex stocks and even crypto market. you will learned why Einstein famously called Compounding as eighth Wonder of the World. and he was not wrong.
back to topic i need VFX animation in my video's to explain many things so i need Adobe after effects and premier pro editor to make visuals.
Don't compare your Trades with Others
Quoting MoneyPrinte
{quote} Soros Truth—Survive. Avoiding loss—that’s the edge. Money rots daily. Mindset or Regret. Your mistakes are my wisdom. Adapt or Bleed. Saving is Losing. Survive first, moon last. The only thing that works excited to watch it...
thank you it gave me Motivation to make the Video's
thank you MP. appreciated the Motivation to make video's and spread the real truth why you are loosing money in trading and why the hell hedge funds, investment companies work.
Don't compare your Trades with Others
Quoting navk
{quote} very good. You do this every week or every month or time does not matter, but wait for 10 k to be earned on 10k equity ?
Give benefit of the doubt, maybe 100% in a week is possible, but in a month it means a 1:1 ratio—two 100% losses and two 100% wins. Real-life example: Deposit 10k, win 10k, withdraw 10k, lose 10k, deposit another 10k. The cycle continues.

She has not yet been able to enter the land of the guardians, the keepers of truth.
And, behold, with every hardship comes ease:
Quoting RoelsMajor
{quote} Give benefit of the doubt, maybe 100% in a week is possible, but in a month it means a 1:1 ratio—two 100% losses and two 100% wins. Real-life example: Deposit 10k, win 10k, withdraw 10k, lose 10k, deposit another 10k. The cycle continues. She has not yet been able to enter the land of the guardians, the keepers of truth.
I understand your concerns. I’m not claiming that this approach is perfect, and I know there’s always risk in trading. It would be a lie to say there are no losses.....every trader faces them at some point. The key is how we manage and minimize those risks while protecting our equity. My strategy is based on my own experience and what works for me. I prefer to be disciplined, withdraw profits regularly, and keep my risk in check. It might not work for everyone, and I respect that. I’m always learning and open to improving my strategy. If you have any advice or suggestions, I’d love to hear them
NO system selling, only learning, GOLD trading, earning.
Quoting MissD
{quote} I understand your concerns. I’m not claiming that this approach is perfect, and I know there’s always risk in trading. It would be a lie to say there are no losses.....every trader faces them at some point. The key is how we manage and minimize those risks while protecting our equity. My strategy is based on my own experience and what works for me. I prefer to be disciplined, withdraw profits regularly, and keep my risk in check. It might not work for everyone, and I respect that. I’m always learning and open to improving my strategy. If...
Well yeah, Good Luck then. Long may you stay survive.
And, behold, with every hardship comes ease:
Quoting RoelsMajor
{quote} Well yeah, Good Luck then. Long may you stay survive.
Thank you! I appreciate that. I’m just trying to stay disciplined and keep learning along the way. Trading is a journey, and I’m always open to improving. Wishing you the best as well!
NO system selling, only learning, GOLD trading, earning.
To everyone… I’d like to get your opinion on something

Is it bothersome if I share too much about my strategy here?

Some people have told me that no one cares about the strategy I use, and that I don’t have a certificate to teach others. They’ve even told me to stop sharing my strategy and related stuff.

But for me, I share because I believe someone might find value in a simple and uncomplicated approach. I’ve been in a position where not every technique or indicator works for everyone, as we all learn in different ways.

I also enjoy reading others’ comments, analysis, and seeing the reasoning behind their entries.

If my way of sharing and commenting is wrong, I think I might need to stop, as maybe this isn’t the right place for me to share.

Just to let everyone know... My intention is not to teach or become a guru, because I’m still very new in this field myself. My only intention is to share a simple strategy, and if it helps someone, I’ll be grateful and happy.
NO system selling, only learning, GOLD trading, earning.
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