BOOT CAMP TRAIDING INSPIRED BY TRO

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Bacik
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BOOT CAMP TRAIDING INSPIRED BY TRO

Postby Bacik » Tue Aug 18, 2020 2:46 pm

At the outset, I would like to apologize for my English I am still learning.

Inspired by TRO movies "TRO TRADING BOOT CAMP"
I decided to start a topic, because my trading is still not profitable, I will spare you my history, but I think I'm an idiot- not to be profitable for such a long period, and to make the same mistakes over and over again :oops: :oops: ((When I started trading, I had a lush hairstyle on my head, now I'm bald so imagine how long I am stuck in the circle of repeated mistakes)

So it's time to change my trading approaches:
1. I know that being unprofitable is already my habit:
-I have to throw all my forex pseudo-talk into the bin.
-Start over and teach my mind and body to approach a new environment.
2. Apply the TRO principles:
- Trade compatible only with the color of the H1 candle
-Using only horizontal lines. Green bar on
line go long, red one go short
-Maximum SL 10 pips (hard stop):
- "Normal" sl matches my exit play book.
for example if / then: if price is on +1 my sl
goes to -3.
-Take profit compliant with my exit play book.
3. For starters, if I lose 20 pips in one day in several trades (-3, -2, -5 ... etc), I stop trading and wait until the next day.
4. Daily profit in the first learning phase is 10 pips, after reaching it I stop trading and wait for the next day.
5. In the first phase of trading (the first week or more I need to feel confident), I will only take 1-3 pips to learn to take profit. (exit play book with sl applies +1 to sl -3.).
6. Application of knowledge about Brain Management.

If anyone would like to advise me, please feel free.
I am starting tomorrow, I will send a screenshot of my transactions and comments.
See you tomorrow :-)

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TheRumpledOne
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Re: BOOT CAMP TRAIDING INSPIRED BY TRO

Postby TheRumpledOne » Tue Aug 18, 2020 2:50 pm

Welcome aboard!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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pablo101
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Re: BOOT CAMP TRAIDING INSPIRED BY TRO

Postby pablo101 » Tue Aug 18, 2020 2:55 pm

Bacik wrote:At the outset, I would like to apologize for my English I am still learning.

Inspired by TRO movies "TRO TRADING BOOT CAMP"
I decided to start a topic, because my trading is still not profitable, I will spare you my history, but I think I'm an idiot- not to be profitable for such a long period, and to make the same mistakes over and over again :oops: :oops: ((When I started trading, I had a lush hairstyle on my head, now I'm bald so imagine how long I am stuck in the circle of repeated mistakes)

So it's time to change my trading approaches:
1. I know that being unprofitable is already my habit:
-I have to throw all my forex pseudo-talk into the bin.
-Start over and teach my mind and body to approach a new environment.
2. Apply the TRO principles:
- Trade compatible only with the color of the H1 candle
-Using only horizontal lines. Green bar on
line go long, red one go short
-Maximum SL 10 pips (hard stop):
- "Normal" sl matches my exit play book.
for example if / then: if price is on +1 my sl
goes to -3.
-Take profit compliant with my exit play book.
3. For starters, if I lose 20 pips in one day in several trades (-3, -2, -5 ... etc), I stop trading and wait until the next day.
4. Daily profit in the first learning phase is 10 pips, after reaching it I stop trading and wait for the next day.
5. In the first phase of trading (the first week or more I need to feel confident), I will only take 1-3 pips to learn to take profit. (exit play book with sl applies +1 to sl -3.).
6. Application of knowledge about Brain Management.

If anyone would like to advise me, please feel free.
I am starting tomorrow, I will send a screenshot of my transactions and comments.
See you tomorrow :-)


You forgot step (7).

A special TRO 2 x 4 to the side of the head if you don't follow your plan. :lol:
WAS A YALE STUDENT. Now? Let's see!

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Re: BOOT CAMP TRAIDING INSPIRED BY TRO

Postby Bacik » Tue Aug 18, 2020 3:00 pm

Thank you!

I have to admit that tomorrow's biggest challenge will be brain management (bad mental habits accumulated over the years will take its toll)

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Re: BOOT CAMP TRAIDING INSPIRED BY TRO

Postby Bacik » Tue Aug 18, 2020 3:09 pm

Hi pablo101
Could you please introduce me to tro 2x4 I'm afraid I missed it, Thank you.

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TheRumpledOne
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Re: BOOT CAMP TRAIDING INSPIRED BY TRO

Postby TheRumpledOne » Tue Aug 18, 2020 3:10 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: BOOT CAMP TRAIDING INSPIRED BY TRO

Postby Bacik » Tue Aug 18, 2020 3:12 pm

Thank you :-)

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Re: BOOT CAMP TRAIDING INSPIRED BY TRO

Postby Bacik » Tue Aug 18, 2020 3:35 pm

I got :-) :-) (sometimes I think slowly)

7. Rule" 7" - if I break the rules I'm out of the boot camp!

Thanks again pablo.

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Re: BOOT CAMP TRAIDING INSPIRED BY TRO

Postby Bacik » Wed Aug 19, 2020 11:29 am

Hello everyone
Below is a summary of my transactions. For today I decided to end the trade, I'm 11 pips positive and I don't want to overtrade and lose those pips that will be useful to me tomorrow.
What can I say after today:
- Well, loss is not painful if you stick to the rules
- I still have a problem with taking profit, especially after a loss, old habits of making up for losses are bothering me (but I have to stick to the rules), in my first phase I decided to take 1-3 pips.
-The biggest problem I noticed today is fear and the desire to quickly make up for losses.



Hour LONG/SHORT PRICE GBP/USD TOTAL
9 SHORT 3250 -5,3 -5,3
9 LONG 3260 2,9 -2,4
10 LONG 3250 2 -0,4
10 SHORT 3240 3,1 2,7
11 SHORT 3230 3 5,7
11 SHORT 3220 3,2 8,9
12 LONG 3220 2,1 11
See you tomorrow :-)

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TheRumpledOne
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Re: BOOT CAMP TRAIDING INSPIRED BY TRO

Postby TheRumpledOne » Thu Aug 20, 2020 3:03 am

Bacik wrote:Hello everyone
Below is a summary of my transactions. For today I decided to end the trade, I'm 11 pips positive and I don't want to overtrade and lose those pips that will be useful to me tomorrow.
What can I say after today:
- Well, loss is not painful if you stick to the rules
- I still have a problem with taking profit, especially after a loss, old habits of making up for losses are bothering me (but I have to stick to the rules), in my first phase I decided to take 1-3 pips.
-The biggest problem I noticed today is fear and the desire to quickly make up for losses.



Nice work. You are on your way.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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