Guide a struggling trader

OOOOHHH! That’s nice. :blush: I wish I also started trading when I was in college when I had more free time. :frowning: I was so excited to work back then. And now that I’m working, I just wanna go back. :sweat_smile:

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It’s hard though cause there were times i had to check market during class😅

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Well. :sweat_smile: That’s the challenge to it. :smiley: But I hope you’re not too distracted from your classes. :thinking:

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In my opinion, you should improve your knowledge and expertise in forex trading. Take a break from trading and think about everything you’ve done. It will assist you in identifying your flaws. Learn from your mistakes and implement preventative measures to ensure that they do not happen again.

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Thank you dear friend.:pray:
well actually I did you what you mentioned

Hello to all my fellas here.
I really been through an improving journey since I posted the Struggling trader and i really wanna thank every single person (trader) who guided me with her/his wisdom.
it’s really heart warming to see such dedicated people not afraid to see other people successful.
I’m gonna start a new Thread The Time you Found Your Edge
Which I wish You all to participate to make a great resource for Unsuccessful traders and Maybe share a part of your own Journey.
But about what has been going on from September and start of this thread to right now:
well in first few months I started to learn more Technical analysis (like advanced Price actions Qm levels etc…) I tried them and upgraded my plan in that way but my plan was getting hard to execute cause usually traders like me think if they have heck of a plan with different strategies they can become successful. but unfortunately it wasn’t the way for me. although I was successful and profitable in a month, I would easily get emotional and fell into an emotion cycle , not to mention most of the plan was useless cause I was afraid to use it (Being emotional).
but I couldn’t convince myself to change it at last it was the outcome of learning for two years and changing it was like confessing I was WRONG.
I took a break from trading and a day I accidently joined a channel which I learned new point about BEING a trader which I believe we usually hear them but don’t know if take them seriously or not or even how to apply them in our game.
one of those points was differences between market and a casino and how a trader can look at the market like a gambler ( I know it’s not gambling I just mean that anything can happen but in long term if you have the edge you are the winner not the house)
and some other points especially about back testing and psychology and how not to get stuck in a emotion cycles.
right now till this day I have developed my own plan (which is quite simple to execute) with significant money management rules and barriers.
I back test my strategy everyday (if you have a good software for back testing it’s easier to analyze your performance) to TRUST my strategy
I have some psychological exercises for overcoming emotions (FOMO , fear of taking trade …)
I wish to be able to become better trader everyday and someday write about it for you awesome people in this community and read about your journey and successes in the new thread I started.
Thank you and Baby pips for teaching us and making this platform to we be able to talk. :pray: :heart:

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Trading the news is a form of breakout trading as well. You would have to act quickly once the trade goes your way. As soon as the trade goes your way for a little while it is good to move your stop loss to break even. This way if it goes against you, you will not lose any money.

Glad you never gave up. Success is a process. There will be teething pains and alot of info to sift through to get there.

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H4 chart is recommended for part-time because you don’t have to sit in front of the computer as much.

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The best guide to any trader is himself. If you can identify your mistakes and positively start working o them you can see the change and can get more clarity about your trading journey.

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No trader is profitable from day one. It takes time to be consistently profitable in the market. It is better to be patient and keep going. Your perseverance will be rewarded.

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Building a successful career in the market takes time. Do not lose patience. Never stop learning and growing, and always approach trading with an open mind and a clear head.

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Hey :v:
Thank you brother for replying and sharing what you think with me and actually i agree with you.
in this long time specially last 3 months i learnt that if i do not give up i can see the results and that’s something i guess everyone can count on

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Hey at first thanks for replying
actually having a clear mind while reviewing myself is hard for me cause there are times that i’m not sure if i did it wrong or it’s an exception in market and that’s the hard point i have to find out.

I believe the same, right approach is really important.

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Perhaps try posting chart sample. This will help us to see what’s happening.

You’re welcome.

How’re you trading now? Did you find any path?

Hey pal
well yea kind of. i’ve managed to learn a strategy and take control of my emotions
it’s about 2 months i’m applying that strategy and most important thing is i’m consistent and disciplined.

i do not want to be toxic or aim to disappoint you, but trading can not be mastered in a few years.

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