5 stages of trading physiology:
- trying to get rich quick.
- becoming depressed because there is no 100% win-rate strategy.
- picking a good strategy.
- risk management.
- consistency.
I believe that I'm now on stage 5 and I have made a strategy with 45-55% win-rate, R:R=2 and 3m tf.
I risk 1% a trade to gain 2%.
Indicators: Psar, SMMA(21) ,SMMA(50), SMMA(200)
+ price action: S&R levels, Candlestick(especially engulfing candles), fib, market structure.
most important RULE: trade with the trend!
Goals:
- forward-test my strategy for 6-9 months on demo account. You can see it's explorer(named scalp) in my signature.
- Prove that I'm consistent profitable trade over month.
- starting live in Spring or summer of 2024.
- Become a pro-trader.
why I'm posting this:
To have a complete record of my trades and finding some good traders to share thoughts with!
Let's do it!
"Money is the point" - Saul Goodman