{quote} What kind of analyisis do you use to take trade I am new to trading, your advice will help alot Thank you
Profits are profits, but there are weeks of losses and you cant do nothing about it,only good risk reward or statistically good trades can back you up to get at break even at the end. (hopefully)
I use lots of things,but not indicators or EAs. Thats years of expierence and finding my way of entering or finding atleast entries That suits me and my trading style.
In some way imma scalper -intraday trader, but as i Trade with prop firms, i updated my trading style to fit prop firm rules and targets. Thats how i mastered my risk management and not to blow the accounts. From time to time still blowing them,but always having backup account to continue my work and bring food on the table. I treat trading as a business cause its only thing i do,besides playing pc games,gym and sleeping ( sometimes reading books,but more drinking booze or whiskey then reading) I do smoke as well...
But, i know the risks, and im always following my plan to be profitable and Safe ,cause Safety is matters the most in trading.Simple way that fits me in trading is not hunting for 100 pips or more, but risking less and adding more positions to get atleast 20-30 pips and get out quickly as possible. Session ranges combined with key levels, OB zones,Liquidity zones ,you can name them as you want, but when the day ends, i always update my charts with those levels that im interested in. And basically im slapping those zones a day after with simple risk management. I cant explain why or how i sometimes find good entries,i just DO what or in what i believe . And even after losses ,i dont loose my head,cause i know what its trading,no holly grail and as sooner you will understand that looses is part of this business,better and faster you will be in emotionless journey.
While i was writing this,i took a short position as well, cause im more than i needed this week in profit,so I can allow myself to play with fire, cause It will cost me 0 at the end.
Trade safe and feel free to ask anything more,cause i didnt say fully what i wanted to say,cause left eye already looking at the chart(open position)
Gl
Find your trading way that suits you and your plan. Cause if your plan is making 1000pips monthly, u cant scalp ,cause in 2-4 days of scalping your head will explode if not account blow up faster . Its business. Remember that
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return:
-95.4%
