tmostafa007 wrote: Tue Oct 22, 2024 6:20 am Day #1: Today, I had 4 trades—3 wins and 1 loss, and I missed the last one. on demo Account

Lesson learned today:

First point: SL and TP management. I'll be focusing more on stop-loss and take-profit because I didn't manage the SL properly today, which led to closing the day with a loss. I’m still trading on demo because I don’t want to risk more money until I master some key aspects and train my mind to make better decisions.

Second point: I'll continue to focus and improve on the following points to ensure I'm on the right track:

Identify the Daily Direction: I might start checking the weekly chart as well to quickly gauge the overall market direction before I begin trading. It’ll just be a quick look to help me align with the bigger trend.

1- Above/Below Daily Open – 40%
2- Above/Below VWAP – 40%
3- Daily DN Square – 20%

Entry:

1- Up/Down Arrow – 30%
2- 2nd Dot – 30%
3- Cross EMA – 30%
4- Candle Color – 10%

For exits, We can use GANN until I fully understand the exit levels properly.

Third point: I’m exploring effective ways to grow a small account with a low-risk percentage.

Personal note: Murrey Math lines can be really helpful, especially when the price touches the overbought or oversold areas. These levels give us a clear signal to avoid buying in overbought zones and instead start looking for sell opportunities, and vice versa in oversold zones.
but I’ll stick to following Curioso’s direction and challenge