What improved your trading so much that you wish you had done it sooner?

Trading Discussion
21

That’s great progress!

22

Thanks for sharing what’s worked well for you.

23

Definitely using stop losses. So many wasted trades killed by hopium.

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24

Mark Open price

Buy below Open
Sell above Open

Confluencing with Weekly Open is Magic

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25

Tried trading without a SL for a bit, but on a shorter time frame. Worked great for a while. Then hit a string of super huge losers, some positions that just got out of hand and down so much. So now, back to SLs, setting smaller TPs that are smaller than my SLs, and always trading with the trend.

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26

for me, it was higher timeframe analysis. i started trading off of the daily timeframe, and also strictly following price action principles as candles print.

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27
  1. I wish I had used a demo account and never tried learning on a live account.
  2. I wish I had understood risk management, i.e., determine the risk first after which the reward must always be equal to or more than the risk.
  3. I wish I had understood what is a higher high and higher low and vice versa and when to get into a pullback in order to eat all the pips during the push phase.
  4. I wish I had learnt to accept that only one or two good trades per day is more than enough.
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28

Simplicity Keeping it simple by not using any other indicators except for Bollinger Bands and Rays with alerts from Trading view. Also my mentor - Victoria Duke (Tori Trades) is right on the money.

29

This can really make a huge difference in decision-making and overall performance. How did you go about improving your emotional management skills?

30

Thanks for sharing these links!

31

I wish everything were that simple in trading. Do you have a strategy or indicators that help identify these lower buying opportunities?

32

Good for you! This one is a struggle for me.

33

Indeed a game-changer in trading!

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34

Those are some valuable lessons learned! This is a journey of continuous learning and adjustment.

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35

Nothing in particular, just checking the chart and the assets overall positions, but the RSI does help a lot with that, and at time I use the Ichimoku just to see the positioning of the chart and cloud.

36

Yea I think it’s crazy risking real money from the start.

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37

At first, I was very confused because there was too much information and too many resources about how to manage your emotions. I started with very simple ones and then visited a therapist. By combining all the information and knowledge I gathered, I found the method that suited me best: practicing. I began with very small steps; for example, when I was thirsty, I looked at the glass of water but did not drink. It was hard at first, but over time, I learned to be patient.

38

As a matter of fact, I created a post the other explaining my implementation of the “break and retest” of S/R zones into my strategy here: Break & Retest Strategy

Adding this as a key component to my strategy has really improved my trading.

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39

Initially I used to trade very frequently but soon I changed my frequent trading habit and now I try to take strategy-based decision.

40

It took me quite a while to understand the markets, but if I had implemented one or two of the multifarious observations on my journal I wouldn’t be at the stage I am now. Trading journal is so underrated but it is a sort of map to understanding the markets