I just started my second journey in trading after blowing up my first one in 2021. Now I seem to be careful and trade with discipline. I have grown my account by 23% this year. I note down my equity at the end of trading Friday for each week and do my own analysis. I have made a line graph as to how I am growing my equity each week. Although my account is not large(started off with $6500) I am to increase my equity every week. Learning a lot of things along the way and I am happy to help anyone who is interested also. I would not say I am an experienced trader but I am good at not blowing my account and gradually increasing equity each week. The two things that I learnt to be successful at trading is discipline and patience. Honestly you don’t need any technical analysis, candle sticks, strategies at all just Discipline and Patience. Hope to connect with more traders and learn from their experience.
Welcome to the community and congratulations on learning to preserve capital.
But in-between you’re wrong with this statement as these are the fundamentals of modern daytrading, not needing them means not using them which is quite misleading.
You need them as much as you need discipline and patience.
That certainly sounds like trading is simpler than we realize, and we’re using techniques unnecessarily. When you uncomplicate something, it’s the same thing as simplifying. Is it not?
Unless, you’re saying that we don’t need strategies at all. The only things a trader needs is discipline and patience?
If you don’t have a strategy, then what do you have discipline with?
Discipline when to get into a trade and when to exit. For example ,Do not take a trade when impending economic event is about to come up in the next few hours.
Wow, congrats on your progress! Your journey is truly inspiring, especially the emphasis on discipline and patience over complex strategies. It’s reassuring to hear that focusing on these core values can lead to growth. Your method of tracking equity weekly is something I’ll consider incorporating into my trading routine. It’s amazing to see someone rebound and grow their account like you have. Looking forward to more insights and shared experiences in this community!
So for starters or just new to trading here is what I learnt with some observation…This is just my opinion!!
The whole forex revolves around the USD, for example
If USDJPY is going up naturally EURUSD is going down like wise if USDJPY is going down then EURUSD is going up. Like wise if USDJPY is going down then it usually indicates JPY is stronger and that would affect all the JPY pairs ( 80% in my opinion) like GBPJPY is going down, EURJPY is going down etc. so take positions based on what’s happening with USD and you will succeed!!
Would love to see some detailed ideas on how you are picking trades, entering, exiting etc so we can gleam off you as what you are doing is obviously working.
Looking forward to hearing back!
After a bad 6 weeks ( undisciplined and greedy!) here I am back building my equity up gradually. I learnt my lessons and a very important one. I hope to post every Saturday my progress so fellow traders can look at my progress and can ask me questions. I am not a experienced trader yet but my strategy is not based on technicals and I just want to prove my point that you can still trade and relatively be profitable.
Welcome back! It’s really important to learn from your mistakes, so well done for figuring out what you did wrong and making changes. Looking forward to seeing your progress. Good luck!
Your journey is truly inspiring, especially the emphasis on discipline and patience over complex strategies. It’s reassuring to hear that focusing on these core values can lead to growth. Your method of tracking equity weekly is something I’ll consider incorporating into my trading routine. It’s amazing to see someone rebound and grow their account like you have. Looking forward to more insights and shared experiences in this community! 
