So you have learned all the basics, like risk management, moving avgs, chart patterns, or even the smart money manipulations, but have you become profitable? Are you making consistent profits off your strategy?
If not, then what is the problem?
Well IMO, in order to make profit in this market we cannot simply rely on a combination of indicators, a single kind of chart patterns. We really need to learn to feel the market, to practice everyday on how the price act the way it did and try our best to anticipate what is going to happen next. This is what I call judgmental trading - use ur own judgment to decide entry point, PT and SL along with the help of news, indicators, chart patterns, smart money manipulations, support & resistance, and Fibonacci ratios.
Practice makes perfect. Just like excelling in any field, trading is the same. We should not hope to find any indicators, chart patterns, or other kinds of strategies that will yield tons of profit to us. We need to practice to feel the market, to learn about all those big price movements, and analysis the reasons behind it.
I will start to post market forecast videos everyday on the forum, my youtube channel, and on my website. I use those forecast videos as a practice for my market analyzing skills. I hope everyone can start to devote themselves to do the same thing.
Please note i’m only addressing those have learned the basics, but still been struggling to make some profits. If you are a beginner who cannot even compute the position size correctly or having trouble to spot key support resistance levels, then please do yourself a favor: learn from the basics first, there is no shortcut.
Here is my judgmental trading intro video:
Thank you & Good luck with your trading!