I use the 12/6 EMAs. Since I primarily look for clean fast moves, price will carry/pull, or bounce on one of these. Or it will consolidate and sooner or later clearly show the EMAs will carry through to a breakout. So either enter in consolidation, ...

How to make every trading week profitable

I was thinking also, having smaller accounts can help improve your trading. If you have the mindset of protecting your account and not over leveraging, you can practice increasing the profits on your trades without increasing risk. As your trade ...

How to make every trading week profitable

Seems like the rest of ryury’s comment is mostly just insults. But I do find it comical that someone thinks it is not possible to recover 4% in a single trade. They must be very inexperienced and lack knowledge and understanding of the market and ...

How to make every trading week profitable

Quote: Again. Why 2 trades? Why not 1843 trades? Why in 1-2 hours? Why not in 1-2 days? What leverage you want to use to gain back 4% loss in 2 trades? How it even possible? This is more of a principle not a rule. The objective is to be able to ...

How to make every trading week profitable

Quote: Why 4%? Why not 4.2%? Why not 0.3%? Do you know how much you have to earn back if you have 4% loss? Do you understand that you have to earn MORE than that number? Much more. Do you know how many "tries" you have with your 4% loss and where is ...

How to make every trading week profitable

Quoting: Only volume matter. No vol = no trades. It is not related to "hours". Trading at certain times of day is connected to volume. Since there are certain times of day when volume is high.

How to make every trading week profitable

Quoting ryuryu: What for? Why? You should trade when market allows you to trade. It not depends on DD. Also. Do you have any stats? For example you have stats that if take a break after DD then you are a millionaire, if not then you are a ...

How to make every trading week profitable

Quoting ryuryu:There is nothing connected with mindset in trading. Like nothing connected with mindset in professional boxing. You are or a good doctor/sportsmen/trades, or you watch youtube. Or hard work, study, research or dreams about mindsets ...

How to make every trading week profitable

I figured only a matter of time before someone arrives with their insults. I will respond to each item in time but will block you due to your attitude which is not needed.

How to make every trading week profitable

Thanks again for all the kind words and input. The funny thing about how I stumbled upon this mindset method… I was trading one day and things were not going well. I came close to max daily DD and stopped trading. So saved from blowout. I had been ...

How to make every trading week profitable

Thanks all for posts and input. @RiskFighter, yes regarding how many accounts that depends on your preference and ability to manage them. For example, to begin maybe just one or 2 accounts, and add more if you have a DD day. I have some more ...

How to make every trading week profitable

yes, important to have a plan. But not possible to write everything down. If I wrote down everything I’ve learned over the past 10+ years that are part of my plan, that involve market conditions, time of day, strategies, when to use them, when not ...

How to make every trading week profitable

Example: You start trading account 1 and gain 20% over a period of a several days. But then you have a bad day and break a few rules. You start trading your other accounts without taking a break. create drawdowns on 2 accounts but then have some ...

How to make every trading week profitable

No thanks

How to make every trading week profitable

What causes us to overtrade, over leverage, allow a trade to go further and further against us, and create a big DD or blow an account? Most of the time it’s easy to stop trading for the day if we have a nice profit. But if we are in the red, what ...

How to make every trading week profitable

How many times have you had a really bad day, created an insurmountable drawdown maybe even blown up your account, only to start a new account the next day. Maybe the next day was better or worse. But the endless cycle of doing really bad some ...

How to make every trading week profitable

I recommend stop trading your own money. There are plenty of prop firms that are trustworthy that will fund you for a small fee and with relatively short evaluation periods. At the moment, my 2 favorites are FTMO and MyForexFunds. I am NOT an ...

How to make every trading week profitable

First, we have heard it said the biggest problem for retail traders is being underfunded. That is completely false. Ever wonder why brokers only give 100k demos? Well if you have a 100k, they want you to eventually deposit that and blow up the ...

How to make every trading week profitable

So as not to take over this thread with my topic: url

When Should You Give Up On Trading?