This is just a very quick post of this amazing information, lol! A year after starting this trading journey I’ve finally achieved a green month, only just! I had to make a manual trade on US30 (Dow Jones) just to push it over the edge. It’s been a long time (7 months or so) since… Continue reading A Green Month at Last!
Category: General
Trend Trading Strategies
Mark Holstead held a really useful webinar on trend trading strategies. These provide opportunities to enter into a trade on trending days. In general he recommends fairly wide stops. Here are the 10 he went through (in the order of strategies I’m most likely to use), assume long trades and a 2:1 R/R. 1st Pull… Continue reading Trend Trading Strategies
After Trading Decoded
I took advantage of the free week offered on the Trading Decoded Discord channel to observe their trading style in live sessions. It was extremely useful, hearing the decision making as it happened rather than in hindsight. Here are some of the things I picked up, they’re not all new but I think the more… Continue reading After Trading Decoded
Monthly Overview June ’23
Sigh, another red month! The first day was great and promised much, as did the start of the 2nd. But then I got greedy, I had already made as much as I needed (38 points with a 0.5 size) but took a few more trades. And then some more as I tried to gain back… Continue reading Monthly Overview June ’23
Where’s the Dip?
If you’re going to Buy the Dip you’ll need to be able to locate it. Be sure to consider the different time scales: don’t just trade a noisy, ranging 1 or 5 minute chart, look in the 30 mins, 1 hour or 2 hour charts too. The inefficiencies of the price action may mean there… Continue reading Where’s the Dip?
Another Red Month
Oh dear, after the first two weeks it looked like I might be heading for my first green month, but around the 18th things started going pear shaped. A 7 day run of reds weren’t improved by the winning trades of the 26th so that on the last day of the month I was needing… Continue reading Another Red Month
Trade Triggers
In the A Deep Dive into Gap Trading Strategies webinar by Mark Holstead he has a section on trade triggers which is an area I really need to work on. A trigger is the candle that signals a good point to place the trade. At the moment I mostly wait for the price to get… Continue reading Trade Triggers
42 Trades!
I made 42 trades today, That’s the most ever so far. Only because I wanted this to be a green day, every other day this week has been a loss, not too big losses but losses all the same 😥. It wasn’t to be, I came within a pound or two quite a few times… Continue reading 42 Trades!
Couldn’t Do Anything Right
I couldn’t do anything right today! Just a string of losing trades. And the price was trending down for most of the day! Something is going wrong if on a downward trending day all my sell trades are losing. The first problem is just choosing the wrong time to enter, it always seemed to take… Continue reading Couldn’t Do Anything Right
Controlling the Loss
It’s been about 6 weeks of live trading and I can safely say I’m doing badly. Terribly in fact, loads of money lost! The number of winning/losing trades isn’t too bad, currently I’ve won 155 and lost 118, so 1.3 wins to each losing trade. The problem is each winning trade is worth on average… Continue reading Controlling the Loss