TRADERS ACADEMY

2021-12-28 12:06:30 -A STRATEGY is just a criteria and a plan of action that needs to be followed.

Knowing a strategy is one thing but BELIEVING in a strategy is the key.

You familiarise yourself with the setup by analyzing examples again and again.
You even learn the many variations and nuances. Open / Comment

2021-12-28 12:04:06 —————————————-
FIND YOUR EDGE —— BUT HOW?
—————————————- Open / Comment

2021-12-23 10:46:30 Invest in your system.

Find edges, set rules, build confidence.

A system is the best trading weapon. Open / Comment

2021-12-20 14:15:47 Open / Comment

2021-12-19 13:45:00 95% of traders lose because they focus on going from 0 to 100.

5% win because they focus on going from 0 to 10, then 10 to 20, then 20 to 30.

Until they get to 100. Open / Comment

2021-12-14 20:51:24 DO NOT EXTEND YOUR STOP LOSS!

If you get stopped out too often, do this:

1) Check your timing: Right market?
2) Check your selection criteria: Too volatile stocks?
3) Check your entry: Stock already extended?
4) Check your mood: Too greedy?
. Open / Comment

2021-12-14 20:47:07 ________________________ Open / Comment

2021-12-14 20:46:54 I can profit in an up-trending market - I proved it to myself with some data!
I do understand the "time to be aggressive, time to be cautions, time to not trade" thing in theory!
Now just need to prove myself I can actually apply it to my trading! Open / Comment

2021-12-14 20:45:19 There is time to be aggressive; there is time to be cautious, and there is time to not trade at all...

This exact trap is the biggest obstacle to overcome, this is the "great trading filter" for every trader IMO... Open / Comment

2021-12-14 20:43:56 But unfortunately, it doesn't work this way! "With any given strategy, you will enjoy market cycles when your trading style outperforms other styles, and you will also learn to accept periods less conducive to your style" Open / Comment