Hey there!
This thread is made to record my intraday/day trading journey! I trade Forex pairs and rarely trade BTC in 1H/4H TF, and prefer HTF trend analysis in 1D/1W with price action.
For the starting post, I want to emphasize some important things:
Mindset.
This is the most important one! It hurts when you staring at your losses all day long, hurts when the price hits the stop loss, hurts when you find you are urging to modify your order but you can't, hurts when the market is going the opposite. But, you need these, to build a system, to discover your edge.
Also, you need a positive mindset to not being torn down by consecutive losses, and consecutive wins. Every trade is independent.
Discipline.
Not as important as mindset but still pivoting in this journey. The market does not reward you. It rewards the execution of the strategy, non stop, not doubted.
Skillset.
Last but not least, while skillset (price action) is not as important as mindset and discipline, it is the foundation of your profit. Keep learning and applying learned patterns over and over again, because the history repeats itself over and over again.
Some extra notes:
1. I am a 17yo and trading on a sim account, and the journal may be rough. Please be rational and polite and about that.
2. I perfer professional + serious discussion. Please point out the reason if you disagree.
3. Will update at least once a week.
Let's get into it.
This thread is made to record my intraday/day trading journey! I trade Forex pairs and rarely trade BTC in 1H/4H TF, and prefer HTF trend analysis in 1D/1W with price action.
For the starting post, I want to emphasize some important things:
Mindset.
This is the most important one! It hurts when you staring at your losses all day long, hurts when the price hits the stop loss, hurts when you find you are urging to modify your order but you can't, hurts when the market is going the opposite. But, you need these, to build a system, to discover your edge.
Also, you need a positive mindset to not being torn down by consecutive losses, and consecutive wins. Every trade is independent.
Discipline.
Not as important as mindset but still pivoting in this journey. The market does not reward you. It rewards the execution of the strategy, non stop, not doubted.
Skillset.
Last but not least, while skillset (price action) is not as important as mindset and discipline, it is the foundation of your profit. Keep learning and applying learned patterns over and over again, because the history repeats itself over and over again.
Some extra notes:
1. I am a 17yo and trading on a sim account, and the journal may be rough. Please be rational and polite and about that.
2. I perfer professional + serious discussion. Please point out the reason if you disagree.
3. Will update at least once a week.
Let's get into it.
Attached Image (click to enlarge)
R2
