Following up on my post from yesterday, this is the biggest reason why i switched from shorter to longer term trading. The biggest disadvantage with short term trading is that the best opportunities don't show up on my schedule when I'm in front of ...

Gold with No Drama

Yes, even if price does tag 4500 today, odds are that we get an initial pullback before a more sustainable move above 4500

Gold with No Drama

I think volume in the European and US markets will dry up into the Christmas holidays, but the big price pushes in gold and silver are coming from the Asian markets so it will make for a very interesting (and volatile) trading week! ...

Gold with No Drama

I also tried for many years to code a profitable EA. Yes, it's possible but the key is getting it to read and adapt to the changing market conditions or to develop several EAs, each tuned for a specific set of market conditions, then manually switch ...

Gold with No Drama

Yes, there's a reason why it's called a bull market

Gold with No Drama

Sorry to hear that, mate. I know the feeling after blowing several accounts myself, felt like the biggest idiot in the world. It wasn't until I focused on cutting losers and managing downside risk that things started turning around and trading ...

Gold with No Drama

Sorry to see some of the trades not working out, gold has just broken out and has very strong upward momentum. I don't do short term trading anymore and this is not financial advice, (please trade at your own risk) but back when I was short term ...

Gold with No Drama

I hear you, mate and respect for pulling short side counter-trend profits. I can't handle those adrenaline rushes any more. I didn't become profitable until I stopped fighting the trend. This gold bull market looks to be one of the ...

Gold with No Drama

Wow, I get anxiety watching some of you short this market I've been a gold, silver and platinum bull for years now and suck at counter-trend trading. So while I'm on the long side, I'll be the first one to applaud those that can pull ...

Gold with No Drama

Show me a struggling trader and I'll show you a trader that is bad at cutting losers and/or managing losing positions. This is the biggest difference between struggling traders and profitable traders, but managing losing positions is a boring topic ...

Struggling to be profitable in trading

I understand the points being made in this thread, but the discussion only considers a very narrow range of trading conditions. There is some missing context: some posters in this thread think that SL = risk = avg loss and TP = reward = avg win, ...

Moving on from 1:1 Risk-Reward

Yes, this matches my experience. Smaller position sizes + less leverage = less emotional reaction to both wins & losses. I resisted trading small for a long time because it felt boring and slow, instead I tried to continue trading big while focusing ...

How to Become Emotionless

This is exactly the advice I needed years ago. In my case, position size and leverage amplified emotions. It was incredibly boring to demo trade or trade live with small positions sizes, I didn't know it at the time but these addictive emotional ...

How to Become Emotionless