Trading for a living

Quoting Noisy

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{quote} That's absolutely correct. The best strategy is useless if you fail at disciplined execution, especially if coupled with poor risk/money management. If you don't have absolute self-control (I readily admit that this is the case for me), then in my opinion, a mechanical approach based on clear objective rules and automated execution is better suited to achieving consistent results than manual execution, where emotions will inevitably distort the execution and thus the results sooner or later. Manual traders argue that humans are "still" better...

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Quoting Mandariin

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{quote} One of the biggest or popular ICT trades ways F... Strategy ?

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ICT has most complicated strategies that are out there.

Quoting medici

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{quote} Indeed. {quote} ICT is simple things expressed in a complicated and cryptic way for commercial purposes. https://tradingeducation.fr/trading/...-j-huddleston/

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Quoting Noisy

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I'm having some fun testing the strategy from Medici's PDF. I haven't implemented everything described in the PDF yet; I started running a test version 4 hours ago. So far, it's generated a profit of $119.75. What's still missing: - Percentage-based stop loss calculation - Close all open orders on a new order - Daily and weekly loss limits - Partial take profits - Drawdown protocols {image}

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Quoting Mandariin

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{quote} Some trades missing from trade report ? I see total 39.75 {image}

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Quoting Noisy

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Here's a manual gold trade I made where I tried to sell at a supposed "resistance level" using my fantastic chart reading skills. You can't mess this shit up anymore. Not even a stop loss. Currently down -$1200. Randomness + Risk/Money Management vs. Market Timing 1:0 {image}

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Quoting Mandariin

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{quote} At any given level there may or may not be support or resistance. Only 2 things can happen at level - we trade though it or revers. There is 2 ways to trade it. Get into the trade when price moves into level or wait price first to arrive to level and take a trade when price starts to move away from level. Its up to you what option to use. I use second one. I will never know what level will hold and what level don't. I like to wait and see is price confirming the level by moving away. Today two trades. Resistance becomes support. {image}

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Quoting Noisy

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Here's a manual gold trade I made where I tried to sell at a supposed "resistance level" using my fantastic chart reading skills. You can't mess this shit up anymore. Not even a stop loss. Currently down -$1200. Randomness + Risk/Money Management vs. Market Timing 1:0 {image}

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Quoting Noisy

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Here's a manual gold trade I made where I tried to sell at a supposed "resistance level" using my fantastic chart reading skills. You can't mess this shit up anymore. Not even a stop loss. Currently down -$1200. Randomness + Risk/Money Management vs. Market Timing 1:0 {image}

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Solutions: Embrace Simplicity The best trading strategies are often the simplest. Your intelligence should create the system, then get out of the way during execution. Accept Being Wrong In trading, being wrong 40% of the time and making money is better than being right 80% of the time and losing money.

Quoting M31

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{quote} Do you always trade naked?

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Quoting Noisy

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{quote} Actually, I really don't enjoy trading manually anymore. For the reasons mentioned, I lack a truly clear plan and clear rules that I could follow, and so I feel like I'm just wasting more time unnecessarily than getting any closer to my goal of a reasonably reliable, sustainable minimum income from trading that I could live off of. Yes, naked, so to speak. Pure Price Action (or what I understand by that). I've tried all sorts of indicators and such in the past, and even entire supposed "systems" with indicators, without any of it helping...

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Quoting Noisy

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https://www.linkedin.com/posts/louis...071198208-NmKI I'm starting to think there's a lot of truth to it when you look at this forum and see how many young YOLO traders (allegedly) earn thousands of dollars a day with their "trading" but can't even write a sentence in clear English, while I'm struggling to earn a minimum income with it, haha. {quote}

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I lack a truly clear plan and clear rules that I could follow,