Disliked"Good judgment comes from experience. Experience comes from bad judgment."
Jim Horning
So, it follows that you should make the most of these experiences. Some days you win, some days you learn. I have found the most efficient way to develop as a trader is first to write a trading plan. Then, execute the trading plan as best you can, whilst keeping a journal and logging all trades (with their vital statistics for you to come back to later). Review your trades, take screenshots of the trade idea, then the lower time frame price action, your entry, then where you exit, and even what followed after. Then you can see what works and what does not, and after a while when you have built up enough data you can tweak the trading plan. No-one ever got profitable in forex without working from a plan. Some people might have it in their head, but for the most part writing it down in black and white is the way to go. You might think that you can get away without doing this, or it sounds like too much work, or these rules do not apply to you. Well, if that is the case then you might as well quit now, because there are no shortcuts.Ignored
I like that. This quote is going at the top of my disaster wall. You're dead on; there are no shortcuts. I aim here to help out clarify a strategy that works, but in terms of trading that, again, experience. Alot of this stuff I figured out on my own with the guidance of some influence sure but overall it came through experience.
I get a lot of questions and though I can easily get online here and answer them but 99% of them can be answered through time and just staring at charts and reading the news. That's pretty much it. I applaud anyone thats posting stuff here because theyre trying and are going to have better success than others; I dont applaud anyone looking for trading signals; theyll most likely always be broke (atleast in trading fx)