Hello guys, I hope you are doing well.
Today I am a little upset that some of you are following or paying money to mentor people who have no knowledge of the market. This market does not revolve around 4 trend lines and channels and fake breakouts and such nonsense. All of these are not wrong, they are just immature and a bit beginner-friendly. Today a person contacted me privately and complained about losing capital and that this market has no logic and basis and thought the whole market was gambling. But it is not as he thought. I told him: Send me the journal. In response, he asked me what is a journal? (:
Mistakes in this market are the best teacher
Mistakes are the best teacher if you journal and realize your mistake. I said to him: Don't you save your charts? He said: Why should I? (: One of your main problems is not saving your charts. Always save your charts and refer to them again to realize your mistakes.
Well, let's get back to the main topic.
Look, guys, the market revolves around liquidity and support and resistance (a simpler example of liquidity is the fake breakout).
If you want to succeed in this market, you have to learn everything professionally. Never trade on a time frame lower than 5 minutes.
Each new day that starts, clear your chart and draw everything again. This will make you practice. Sometimes you will realize your mistakes from the previous day.
Never be greedy. Don't trade emotionally.
Always check the market trend from daily to 15 minutes and write it down on paper and keep it on your desk so that you are always focused. For a spike trend, go against the trend for 15 minutes. Don't trade against the market trend. Don't get carried away by the trend line (:
Always be patient. Before trading, ask yourself: Is this trade safe? Did I follow all the points of my strategy? And write down the answer you gave yourself on a piece of paper. Always manage your money.
Today I am a little upset that some of you are following or paying money to mentor people who have no knowledge of the market. This market does not revolve around 4 trend lines and channels and fake breakouts and such nonsense. All of these are not wrong, they are just immature and a bit beginner-friendly. Today a person contacted me privately and complained about losing capital and that this market has no logic and basis and thought the whole market was gambling. But it is not as he thought. I told him: Send me the journal. In response, he asked me what is a journal? (:
Mistakes in this market are the best teacher
Mistakes are the best teacher if you journal and realize your mistake. I said to him: Don't you save your charts? He said: Why should I? (: One of your main problems is not saving your charts. Always save your charts and refer to them again to realize your mistakes.
Well, let's get back to the main topic.
Look, guys, the market revolves around liquidity and support and resistance (a simpler example of liquidity is the fake breakout).
If you want to succeed in this market, you have to learn everything professionally. Never trade on a time frame lower than 5 minutes.
Each new day that starts, clear your chart and draw everything again. This will make you practice. Sometimes you will realize your mistakes from the previous day.
Never be greedy. Don't trade emotionally.
Always check the market trend from daily to 15 minutes and write it down on paper and keep it on your desk so that you are always focused. For a spike trend, go against the trend for 15 minutes. Don't trade against the market trend. Don't get carried away by the trend line (:
Always be patient. Before trading, ask yourself: Is this trade safe? Did I follow all the points of my strategy? And write down the answer you gave yourself on a piece of paper. Always manage your money.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.