It’s been a while since I’ve posted here. Truth is I dont need $50 but I thought why not. I’ll reply
It took me years to find consistency. It’s not easy. So my first advice is dont give up. Its harden than you think but it’s worth it. You need tenacity to make it. A lot of people jump from system to system in a type of shiny object syndrome. Stop doing that.
Systems are easy entries are easy exits are a little trickier but it all falls apart when you give up.
Understand your markets. Whatever you trade. I trade cable mostly and I’m so comfortable with that pair. Why? Chart time. How can you trade what you dont understand? Pick a pair or two and make that your focus. For me USD is boss so I make it a point to analyze DXY (dollar index) I look for risk on risk off scenarios and I form my analysis around that.
Stop aiming for hundreds of pips. You dont need that to succeed. For me I look at cable decide if I’m bullish or bearish and I execute. I wait for the average daily range to be fulfilled and that is how I choose my take profit levels.
Dont over leverage yourself. Cant close a trade, paralyzed? Your over leveraged. Fear and greed need to be shut down. It’s easy to fail it’s a lot harder to succeed. Success is deliberate almost counter intuitive. Dobt be emotional.
Have clear goals in mind be realistic but understand even the best marksmen on earth cant hit a target that’s not there.
This might be a race but I guarantee it’s a marathon not a sprint. Build slow and steady. Find consistency. If you are an amateur you will focus on gains and profits if you are professional then focus on preserving capital.
Have fun. You’ll spend a lot of time trading before you master it. Make friends laugh often and please please please understand there is life outside those charts.
Dont sweat missed moves or leaving money on the table. There will ALWAYS be more set ups.
I could go and on. I wish you guys the best. If you want more content from me then show me some love.
I miss babypips. They did so much that contributed to my success and btw by they I mean you dear reader. Your what makes this place great.
Ps please forgive typos I’m writing from my phone.