Hey Rickster99
Just to let you know that I am not a guy I am a girl.
And here are just a few of my recent trades.
Happy Trading
Hey Rickster99
Just to let you know that I am not a guy I am a girl.
And here are just a few of my recent trades.
Happy Trading
Hey Rickster99
Here is how my charts look and I have pointed out some of the things I am looking for when I enter a trade. This is a trade that I unfortunately missed as I was away at the time.
But I use it as an example as it is a great setup. Increase in momentum after it crossed the 20EMA and also broke trend at the same time. This indicates that buyers were keen to buy.
Happy Trading
Blackduck
Blackduck, you are right. Ricksterās comprehension is almost nil, as is his reasoning ability. The first line in my very first post in this thread I say the following (quoted below) and, only after I explicitly stated it, did he realize that I did not have a mentor. He comments on my post on how to trade a trend and then asks when I showed how to trade a trend. In Ricksterās case, I too have my doubts that he is a profitable trader. I donāt think even mentorship can help him. He seeks trading information but wouldnāt recognize it if it slapped him in the face.
Is this the strategy you learnt from david duty, sterling suhur or al brooks??
I dont believe Iām always right but I dont think the only way to become profitable is via a paid mentor. Especially if you dont know what way you want to trade. Why learn how to scalp if your lifestyle suits a swing trader. Then youāve paid a mentor who cant help in swing trading only scalping. Bit of a waste of money isnt it? I think thatās about as simple as I can put it. If you cant understand that then you never will and are too set in your way.
Lol that thread is dead. It was some half assed strategy you were trying to explain. You ended it with practice on demo and see how you get on. Do you trade that strategy? I did not have any conviction in that strategy so never replied after my question. You never showed any follow up trades. Do you use it? Or have you changed it?
Mine or your profitability makes no difference. The point is without ever having a paid mentor how can you advise it. Even now you are learning so why dont you pay for a mentor? How much more simple and reasonable can I be. Iām asking you straight questions and explained how people can get free mentors here to help them. What more do you want? If you have a glaringly obvious point: make it. What do I need to comprehend? Iāve said a paid mentor is good but when you know what you need. If you dont know then get the information for free and then find one.
Considering you donāt need a mentor does it really matter which mentorās strategy I was using here in this trade.
However as I would consider this a position trade I would say David Duty just to satisfy your curiosity.
I understand the point you make regarding a newbee not knowing what kind of trader he is so how can he choose a mentor to suit.
However this is my two cents worth. No matter what style of trading you pay a mentor to learn it will be money well spent. The reason is that everytime you do a reputable trading course and have the ablity to be mentored during that course you will gain a valuable insite into trading and save many many frustrating hours as well as valuable capital in losing trades as you try to learn. I have heard of many newbees blowing up accounts. This has never happened to me. I have never blown up an account and never will.
I have done several courses and even the worst course taught me somthing that I use in my day to day trading. The other thing to consider is the more educated your are, and the more broard your knowledge is, with mulitple trading methods the better equipped your are to be able to make money in a variety of markets trading a variety of instruments in a variety of timeframes.
I love day trading and swinging those day trades. But I also look for good trades that I can hold for a few days or even a few weeks that will yield a bigger profit. I am happy to trade trends or ranging markets because I know how to manage trades and make money in any type of market. Thatās all thanks to being open minded and learning as much as I can about the markets I trade. āAND I CAN THANK THE MENTORS THAT HAVE TAUGHT ME HOW TO TRADEā
Yes you can flounder around asking every Tom Mick and Harry how to trade but realistically how long is it going to take to sought out the good advice from all the garbage that is told by uneducated unprofitable wannabe traders on any number of garbage websites and trading forums.
A good mentor saves you _TIME AND MONEY._And TIME IS MONEY.
So good luck in your trading.
Blackduck
I was in that trade with a 3 pip drawdown at entry as the down trend began and I bagged in excess of 300 pips off of it! I told you 2 days in advance what price would do, to the pip. I also knew that the probability of it taking out the low was very high and thatās why I remained in the trade below that low.
Yes, Iām constantly learning and improving. Profitable traders and mentors donāt stop learning and improving when they become profitable. But you donāt need to, correct? Because you know everything. You are omniscient.
You are asking stupid questions which I have attempted to answer, as has Blackduck, but you do not have the mental capacity to think logically. Iām not going to waste my time answering any more of your questions.
Unlike blackduck you have not answered my questions. You keep going off tangent or attacking how much I know. Itās very clever actually, just deflect the questions. However itās obvious to people who read the posts. I didnt ask how many pips you made, I asked do you trade this strategy? Have you changed it? Perfect example of deflection. Not very transparent are youā¦ I guess you want me to pay you for the effort of typing out an answer. Like that, you have skipped multiple questions.
Heres this for logic. You said a mentor can shave off half the time it took you to trade? Right? Lol. So I asked as youāre still learning and refining why not get a mentor to make sure you shave half the time off now. But nope, you deflected the answer, now youāre talking about me knowing everything. Atleast answer to what you have said . Its logical for me to think if youāre advising a mentor why not use one as youre still perfecting your trading.
Just to clarify, I didnāt say you never need a mentor. I said you dont know what type you need when you start out. I myself am looking for a strategy from technical analysis so I follow and ask people on YouTube/ instagram. Therefore i asked what strategy youāre using as someone may like your setup and think that makes sense I want to learn how to trade like that.
Totally agree. If you arrogantly think that you know it all the market will eat you up and spit you out. Great comment.
Happy Trading
Blackduck
Hey Rickster99
This is a chart of the same EUR on the FX platform as the one that I posted on the Futures Platform. I did this as it gives you the ability to watch this trade and see what happens.
At this stage it looks like a pull back as some bulls take profits and if you notice it is testing the 20 EMA. But using Fibonacci tha pull back is only at the 38.2% and I would expect that perhaps this could pull back a bit further to maybe the 50% before resuming the up trend. If the uptend resumes it could go a measured move that would result in a further 288+ pips.
However nothing is certain in trading.
Happy Trading
Blackduck
I joined IML and paid $200 a month for the best part of the yearā¦didnāt learn much.
Hi Madalyn
Who is IML???
Cheers
Blackduck
Hey Rickster
Here is what I mean about having a good understanding of how to trade a broad range of ways in markets. Here is a range market on Nat Gas that I sold 3 contracts of an out of the money call. When you sell a call you are the writer of the contract and therefore assume all risk. If the call expires and it is out of the money you get to keep all the premium. In this case it was $630 less $60 fees so the profit is $570. Thatās just to help you understand why a good mentor is important.
Happy Trading
Blackduck
Sorry to hear that. Theyāre con artists, lots of reviews about them online.
Hey Rickster
And this is a swing trade on the S&P500 on a 5 min chart. Shortly after this screen shot I moved my stop to break even so we will see what happens.
Do you get the picture??
Cheers
Blackduck
Unfortunately theres so much going on I cant see where you got in. But it looks nice! Hope it worked out for you
Hey Rickster99
Iāll help you. If you look at the chart the little green arrow and green line is the entry.
The little brown arrow and brown line that at the end says -19 tics is my stop loss and the little blue arrow and blue line that at the end says 39 tics that is my take profit.
Good luck
Blackduck
Imarketslive a company who charge you a lot for trading training that you can get for free here and forex.academy anyway
Maybe I should have read up more but a friend recommended them