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What Other Forums/pages Do You Guys Use
By
jonomax, in Beginners Forum
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Posts
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I guess a career as a YouTube influencer is off the table.👺🤡👹
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I guess running for a seat in the U.S. Congress is off the table.🧛♂️🧟♀️👻
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Almost everyone that I crossed paths with... When I traded foreign currencies ("forex" is even more obscure), I described what I did and then they were like, "You buy and sell money?" This led to me giving short speeches regarding fiat currencies, central bank interventions, and economic influences. Next question... "Do you make money doing it?" Me... "Yes." Next question... "Can I give you some money to make me money?" Then I said, "No," and I launched into my speech regarding SEC licensing and commodity pool operator registration (Conversation killed❌). Now that I trade futures in a widely known market, the convo is much shorter but ends the same way(❌).
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Do not focus on any individual trade entry nor exit. Develop a trading strategy that is black & white with no gray areas in between. This makes the strategy quantifiable, measurable, and backtestable using historic data. It can be manually done to some extent by way of visual indicators and horizontal levels on a chart. Of course, coding an auto-trading strategy takes it to a superior extent. The point of this is to focus 100% on following the rules of a tested profitable strategy instead on any particular trade. The ratio of winning trades to losing trades is irrelevant if the gross profit of all winners outruns the gross loss of all losers during the tested time period.
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