Create stress relieving habits.k_tony wrote: Wed Sep 23, 2020 4:43 pm Right. How do you think we can keep ourselves calm in this journey?
Re: The road to Live Trading
34I prefer to have a cup of coffee with my favourite series on to relax my mind.k_tony wrote: Wed Sep 23, 2020 4:43 pm
Right. How do you think we can keep ourselves calm in this journey?
Re: The road to Live Trading
35I got into it as a sales trader and a guy on the treasury desk would trade off a Bloomberg terminal by watching the spread for untold hours a day. He didn't use any charts or indicators. Was literally watching a price panel. Old skool.
As others have said- demo is a road to nowhere. To paraphrase the great Mike Tyson- everyone has a plan until they get punched in the mouth.
As others have said- demo is a road to nowhere. To paraphrase the great Mike Tyson- everyone has a plan until they get punched in the mouth.
Re: The road to Live Trading
36My one big tip: It's easier to get in than it is to get out.
From experience. Close out your trade that's gone badly before it takes over. Yep I know, it might come back like it did last time- or maybe not. Risk management, i think its called, will save your skin.
The easiest way to avoid this trap is to have a target profit. Exit at your target profit (based on something like average daily range or fibo or pivot) and job done.
From experience. Close out your trade that's gone badly before it takes over. Yep I know, it might come back like it did last time- or maybe not. Risk management, i think its called, will save your skin.
The easiest way to avoid this trap is to have a target profit. Exit at your target profit (based on something like average daily range or fibo or pivot) and job done.
Re: The road to Live Trading
37As an example of closing out a trade at your projected profit level.
Re: The road to Live Trading
38Everyone around me seemed to be doing it
Warning: I'm a spammer for a bucketshop called HANKOTRADE. Everything I post is bullshit and the broker I work for are scumbags.
Re: The road to Live Trading
39Started it out of personal interest in college. Well, it’s kind of working for me from the start.
Warning: Do not trade with Hankotrade.
Re: The road to Live Trading
40I started trading on forex at my previous job, my colleague trades a lot after office and so I decided to try it, I have learnt basics from him.