Perhaps the pandemic has changed the way you trade – maybe now you’re a more long-term trader. Or maybe it has “physically” changed the way you do things since now you do everything from home with the presence of your family?
Curious to know if the pandemic has brought about significant changes in the way you trade!
In January 2020 I caught the Alpha variant, or it could have been Beta. It took a few weeks to recover properly. While the pandemic raged, I kept myself in close isolation, with once a week shop at my local open-air market when not busy. Maybe BigC a couple of times a month.
I had invested money with a pro FX friend of mine back in 2019, but he ran into a mighty black swan event, and I decided to cut my losses. Life seemed boring, but in April 2020, I discovered this site - or it could have been a little later - and my trading journey began anew. Just a eight month $1k demo account, 100:1 leverage which I treated it like a live account until I became consistently profitable by the end of the year.
During that period I met up again with my pro friend and he told me it took him nine months to recover the losses, and become profitable again. I kept in touch, because I felt his approach - price action scalping the majors - was conservative and low risk.
In Jan 2021 I opened up a live account, IC markets, and two more accounts, Pepperstone and FP, each with a £1k balance which slowly whittled away.
During that year, I took a £200 CTI evaluation course and blew the $5k live account. With a $300 target before losing $200, which is a difficult exercise for only the 28 FX pairs to trade.
So, in the last week in April I decided to pack up my bags and invest with my pro friend the remaining balance and some savings with IC markets, which he now manages successfully on my behalf. I closed the other accounts, albeit I retained a small balance with Pepperstone to play around - and to LEARN MORE.
Each month I invest spare income, because I’m not spending much, into my managed account and compounding the balance which as at today has reached over $11k - which includes $1,400 nine month profit to date. Once a quarter I add another £100 into my self-managed Pepperstone account - target £500 a year.
So yes, the pandemic has changed the way I trade. I have reached the next level, but it’s still a hell of a struggle to control my emotions all the time.
Apologies for the long diatribe. Keep safe everyone.
I strictly trade setups forming on the daily timeframe.
I would say the pandemic led me to spend more time at home focusing on trading and learning, so I put more effort into it and spent time watching YouTube videos and reading more trading-related books with the extra time. I already stayed home with my kids so it didn’t cause much of a physical change, except that I couldn’t take them out to play or for activities the way I used to. At times we were stir crazy and it could be hard to concentrate, but overall I’d say it was positive in that I improved as a trader.
Wow what an adventure! Props to you for never giving up and also never giving up on your friend! He’s lucky to have you. 
I think a lot of people have become more cautious, much more careful and attentive…
I recently read an entire article about it.
There are definitely more traders and investors.
The exchange is now more often regarded as an effective tool for making money.
The news has become a more significant influence on the market.
The amounts invested in the market have become higher recently.
Yes it has changed the way I trade.
My trades are now long term using the daily time frame.
I have honed my trading style down to a weekly checklist on Forex, Metals, Crypto and Energies.
The trades that match my required setup are entered every Saturday via limits or live in the case of Crypto.
Demo so far with Live trading to begin when my consistency improves.
Didn’t change my style of trading to be fair just sat out a little bit more.
Made me more driven to succeed that’s all but not just in trading, in all aspects of working for myself.
Made me more reflective perhaps on my trades journalism etc
Made me more cautious if anything never a bad thing to be fair
I wonder if this is the same reason so many people are quitting their jobs…
I think the pandemic has made people realise how precious time is to them. Even working from home they will probably have more time for themselves and better work/life balance.
For sure. Probably one of the best side effects of this pandemic.
Agreed. I think it will drastically change the idea of the career mindset of a lot of people.
That’s the thing anyone who can should work from home .
Commuting to a job is time and money you will never get back .
Also it reduces your Carbon footprint less maintenance on your car on the roads its a win win
Time is precious anything can happen