Mira wrote:Leoheart wrote:Mira wrote:Now that I paid a champagne bottle to my broker - aka I burned my micro account one more time - I’m back home.
I took a pause from the forum to focus on my mistakes and as Leo says I’m back to the day one.
Lately I’ve been on Dc’s “1-2-3” thread and it convinced me to look for simplicity.
Simplify is my new motto, I want no more over-complicate stuff.. it’s not profitable.
My first trade from last night was a small win, hoping that it can sign up a new beginning for me and my trading.
As you see I’m still trading doji zones, a MA should separate the point #1 and #2 of a 1-2-3.
A momo back to the zone marks the #3 point.
Welcome back home, Mira.
Blue:What were some of these complicated things? Perhaps others can learn from your experience. Thanks.
Thank you, is always a pleasure coming back home.
In the past two or three months I tried to improve (my view of) doji zones and didn’t go well.
I don’t even know what to reply, my thought process was made of “if price does this I do this, but when it reaches the zone like this then I should do that” and so on.
Idk maybe it could even be profitable but not for me, not now.
My goal is to become profitable and I need a clear mind to do this.
When I’ve been on Dc’s thread I saw how simple trading could be and I really like to follow the beautiful example he shared with us with the 1-2-3 setup.. then, only then, I’ll add up.
At the moment I'm focusing on targets.
I have the terrible habit of set the take profit too far just because I opened the trade at a bad price *palmface*.
My idea is to learn grabbing some pips before looking for any kind of continuation.
A little word before asking more questions. The biggest failures in trading are folks that have lives & responsibilities outside of trading. Fulltime jobs, wife + kids, mortgage etc.. Trading demands are just an added pressure, if not dealt with properly.
You have to acknowledge that you are going into a fight handicapped. As you limp across the ring, continually think about 'chopping' the other guy down with least amount of exposure (mental effort).
Your trading Frequency should be such where the trades naturally fall into your lap. You shouldn't be hunting for trades, its just added effort that you cannot accord based your life (busy schedule). There is alot of talk about Bill Williams around here lately. I remember he would say (upon pulling up his chart) , it takes him no more than 30 seconds or less to decide where he is going to enter & exit in his trades. It should be no different for you Mira. Find the simplest of truths, and fit it around your schedule & decide quickly when the opportunities present themselves.
Now once you figure it out:
What TF are you planning to use? How much time do you have to trade? What hours are you trading?
In terms to TP:
What were you basing your TP on before which failed?
EDIT: Mira I hope you understand my English.