That travel trading set up just got a little bit lighter.
This is the Geyes tri-folding keyboard.
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There is other solution to trade and travel, smartphone to connect your workspace remotely, eventually quality projector.
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I never thought of that! That’s a great idea.
A mini projector is a nice option as well.
On this forum someone mentioned resolution. I didn’t think about that.
https://www.reddit.com/r/projectors/comments/k7aeak/projectors_for_day_trading_stocks/
Imagine that kind situation. You are algo trader, you can manage everything from cloud, do research, manage trading terminals, gain knowledge, your strategies works for you 24/5. You can be in Thailand, USA, Australia, Poland, current technology allowing it.
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I’m actually getting tired of posting about my mistakes. I wouldn’t be posting anything new if I did.
I’m only trading one pair these days. I’m learning about patience, which is good. Unfortunately, I recently missed yet another trade.
I just realized that I can’t just think about what I’m doing wrong–but what I’m NOT doing that’s wrong.
In my strategy, there are clues before a signal comes. However, as I’ve been watching my one pair, I haven’t been marking anything.
I must admit that I was attached to price staying bearish. So, once there were bullish signs, they were difficult to see. But that shouldn’t matter because had I been marking clues, they would have given me the heads up that price was turning bullish.
Instead of just focusing on signs, I could also focus on the clues AND the signs. When I take note of the clues, the signs are easier to recognize.
Patience and persistance, young padawan.
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How is it going?
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I’m practicing charts, and there are two things I have to keep reminding myself of:
1- attack
2- losses are inherent
In my strategy, often when a signal comes, price might push the SL. This could include up to 5 losses. Usually it’s just 2 or 3. But even one push is enough to trigger doubt.
But I must persist. So, I have to tell myself to keep attacking. “Attack” is a good word for me to use, because after price hits my SL, I become doubtful.
This leads to point #2. Losses are inherent. Price is wild and unpredictable. A loss doesn’t mean I’m wrong. Trading is a messy endeavor. Not every trade is like hitting the bullseye on the first shot.
Don’t aim for perfection; aim for profits thru strategic trading. It ain’t rocket science.
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I’m finally understanding that I don’t have to try to catch every movement.
I was practicing with a USD/ZAR chart, and price was bullish. Then, it retraced for 2 weeks.
I examined it to find a signal, and I had to face the fact that there wasn’t one. If I tried to find a signal, then I’d be forcing the trade.
I had seen similar charts before, and there’s not really a signal for some retracements.
That means I just have to ride it out. Two weeks is a long time for a retracement, but it is what it is.
Patience, young padawan.
Dushimes, I admire your consistency in seeking a path to understanding the markets, owning it, mastering it. I have been following your journey like an observer keeping a respectful distance from the object of observation.
One thing this thread proves is that you have a wealth of experience of the markets. You have been putting the puzzles together to see the markets for what it is. A daunting task but I applaud your determination. We all each have our way of trading and should develop at our own pace. This is to encourage you, if it means anything, as you journey towards becoming a master jedi of the markets.
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Thanks. I really appreciate that.
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I’m learning that there are parts of trends that I haven’t identified.
It’s a tricky thing. Different market conditions give different signs.
I started making a list of price action conditions. Trend anatomy, if you will.
Different types of retracements, etc.
But then, I have to decide how many are there?
Are there grey areas that don’t fall into my categories?
I’m still trying to figure it out.
I have to be careful about creating an endless rabbithole. I should determine how far this hole goes before I start digging, maybe.
But there are some fundamental conditions I’d like to prepare myself for.
I try to approach my research systematically:
Collect samples
Create practice charts
If I can create practice charts for specific conditions, my brain can learn to identify them, and distinguish them.
That could be the difference between trading a support bounce vs ignoring it and letting my trade keep running.
One thing I have to keep in mind: don’t try to catch every single movement.
Doing so increases the chances for profit, but it also equally increases risk. It can become quite chaotic. That’s not my goal.
If I see a movement I wish I caught, but there’s no signal I readily recognize, then I can’t alter my strategy to fit that circumstance. Because if I follow the sign in that circumstance, I have to follow it always. And what if said sign doesn’t work consistently? Well, now I’ve created a bigger problem.
If I want less work and fewer trades, then that means I have to let go of some very nice pullbacks. Some of these could last two weeks, it seems. That sucks.
That comes with the territory. I can’t have it both ways. Either there’s a sign or there isn’t. Period.
You can’t increase profit without increasing risk. Of course, skill and accuracy will turn the odds in your favour. But the risk is still there.
Next for me: check my trend anatomy list again, and start collecting samples. This will help my understand what I’m looking for.
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I’m diving a bit deeper into my strategy. I made a list of 10 types of trades/setups for me to study.
This includes entries and exits. I decided to create a separate sample folder for exits because…well, what good is an entry without an exit?
There are swings, and swings within swings—or retracements within retracements.
I’ve never bothered to go this deep before. I expect this to prepare me for more of the craziness in the market.
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I’m reviewing chart samples. I had 10 setups, now I have 9–one of them was redundant. I’m looking at one type of retracement setup, and I noticed some samples don’t have very clear signs.
That means they’re fakeouts. The retracement could last for two weeks. Just because it looks like a profitable trade, that doesn’t mean I should trade it. Forcing the strategy to catch everything won’t yield more profits–only more losses because it makes the strategy too flexible.
The strategy has signs for a reason, and I have to respect that. I have to be honest with myself about which setups are tradeable, and which ones I have to ride through.
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