In my case, psychology wasn't enough to instill discipline even after years of trying. What did it for me was developing a framework for reading the market and recognizing when the market was going to go against me. Knowing that I had a 90% chance ...

Struggling to be profitable in trading

The ability to assess setups (3-stars, 4-stars, 5-stars) is what separates profitable traders from struggling traders who often trade "blindly". When I was at this level, the next step in my evolution / journey was to only trade 5-star (I call them ...

How Professionals Really Think About Position Size

Hey iwasaq, Technically there is no such thing as a negative RR ratio. What you're referring to is a RR ratio < 1, i.e. risk = 1, reward = 0.25 There is no profitability edge in SL : TP ratios alone. Grid trading (trading in both directions ...

Straddle Methods

We'll probably see the breakout when New York opens

Signals with Moving Averages

You don't need to control your greed. It's much easier to learn to read the market and adapt accordingly, i.e. recognize when conditions are against you and when they're in your favor.

How do you control your greed - practically

In my experience, psychology isn't as important as many here believe. It can help profitable traders fine-tune and improve their results but it won't turn a losing trader into a winning one. A trader that can read the market can be profitable with ...

Reprogram your mind

Sorry, but I've never heard of a losing trader becoming profitable after fixing their trader psychology. I wasted years trying to fix my "trading psychology", when the real problem was my inability to recognize when the market was moving against me ...

Reprogram your mind

Ok, I'm a few years too late but hopefully this can help others today. It's actually quite simple. When the system rules align with market conditions, you get a positive result, when the system rules don't align with market conditions, it fails and ...

I Need Help on How to Trade With This Setup

Yes, well said, I agree 100%. Once I was finally able to efficiently read market conditions (road) then I understood how it was possible to trade with virtually any strategy (vehicle). Today, I differentiate between a pro trader and a struggling one ...

What is the most important question for a new trader?

I hear you mate. It took a lot of trial and error for me to find my trading personality & style, so I know this struggle very well. I tried day trading but could only keep it up for a few days before decision fatigue sets in. Yes, it takes some ...

Gold (XAUUSD)

I'm sorry, but this is just naive, lazy, mainstream media, fast-food type analysis that doesn't explain why gold prices have been rising since Dec 2015 (~$1,050 per-ounce), long before current U.S.-Venezuela tensions. There are very few "investors ...

Gold (XAUUSD)

My hats off to you if you can consistently profit off of long term countertrends (very short term trend might be bearish but longer term is bullish). Countertrend trading short-circuits my brain I'll admit that I'm the laziest, most ...

Gold (XAUUSD)

Yes, yes, yes and yes. However I would phrase this in a different way: The ability to read market conditions is 1000x more important than having the "optimum" strategy.

What is the most important question for a new trader?

Every profitable trader I know is great at managing and minimizing losses. In fact, I'd go so far as to say that a trader that has mastered managing the downside can be profitable with any strategy, where as a trader with the "best strategy in the ...

What is the most important question for a new trader?

Yes, this video aligns with my experience, a few things I can add / clarify: When he refers to dedicating 2-5 years to learning without monetary compensation, my experience says 2-5 years full time 60+ hours a week, not 2-5 years with a day job. In ...

What is the most important question for a new trader?

Higher.High, There's a lot of wisdom in your post that's unfortunately been overlooked. IMO, the whole "demo doesn't feeling real" needs to be turned on its head, i.e. real live trading should emotionally feel the same as demo trading. I didn't turn ...

Is demo a step before real trading?

I use AI on a daily basis and it's been a bit hit and miss. Yes, it can analyze charts but its analysis is virtually useless because it can't assess market conditions or what/when/where/how the market conditions can shift. In other words, it didn't ...

Analyzing Trading Charts with AI

Trading for a living ended up being a lot different in reality than what I thought it would be. Dealing with inconsistent income This was difficult in the beginning. It took about 1½ years before I started making real money, luckily I had enough ...

Trading for a living

If you're referring to me, I posted a clean chart to show it hitting ATHs. I've been heavily positioned in gold, silver, platinum, lithium and uranium since 2020-2021 when prices were a lot lower. For me, longer term trading / ...

Gold with No Drama

I'm assuming you were just joking. Gold making a slight pull back into ATHs is not what I would consider bear power

Gold with No Drama