Time to give back to the community. I won't be posting trades but will attach a trade explorer and engage people as to what I find most important to good trading and general trading wisdom learnt over my 6 year journey.
In a general sense I trade breakouts in strong trends, and I aim to take singles rather than trying for home runs, as I find that if I let my trades run and give myself plenty of room I forego too much profit.
I trade without using any indicators or trend lines and no support/resistance or supply/demand areas. I keep things very simple by simply having a required market condition, and then a specific price action entry.
My entries are with stop orders, and I sometimes wonder if I could even be profitable without them. Most of my orders do not get taken out, and I end up deleting the order because the price action entry fails. Every time I don't get entered into the market I feel like I have saved money.
I don't take many trades a day. Often if my first trade is profitable, I will not take another. It sometimes takes me hours to wait for and find a trade, so after I finish with a trade I will take a half hour or so off to reboot a little before looking for another trade.
In a general sense I trade breakouts in strong trends, and I aim to take singles rather than trying for home runs, as I find that if I let my trades run and give myself plenty of room I forego too much profit.
I trade without using any indicators or trend lines and no support/resistance or supply/demand areas. I keep things very simple by simply having a required market condition, and then a specific price action entry.
My entries are with stop orders, and I sometimes wonder if I could even be profitable without them. Most of my orders do not get taken out, and I end up deleting the order because the price action entry fails. Every time I don't get entered into the market I feel like I have saved money.
I don't take many trades a day. Often if my first trade is profitable, I will not take another. It sometimes takes me hours to wait for and find a trade, so after I finish with a trade I will take a half hour or so off to reboot a little before looking for another trade.
Enter Signature