#006 Trust The Process DE30EUR Buy 1207SGT 17022025
Buying DE30.
I am able to buy on Oanda now despite the market being closed now, I think it is because of some market maker privileges on Oanda's side, such as being the one who is taking the orders instead of pushing the orders to the live market.
I want to take DE30EUR on FTMO too, but I am not sure if I am able to enter on a Buy Limit or not. I will try.
Even if we are taking correlated pairs, ie. EURUSD which I have open positions from last week, and taking DE30EUR now which also has EUR in it, I think I will be ok as long as I keep my stop loss wide so that I would not get whipped out that easily.
And also another reason why I think it is ok is, I am not taking the positions together at the same time. Just like investing, you DCA regardless of if the market is your portfolio's favour or not, market highs or lows, etc. Due to this difference in time reason, their fate would be different, and we allow the fate of our positions to play out by giving it a huge enough stop loss.
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TLDR; Buying DE30EUR despite us having positions in correlated pair, EURUSD, which we entered on last week.
We will be ok even if we take correlated pairs, due to two reasons.
1st - Our stop loss is wide, allowing us to ride the whips and waves and not getting closed out that easily.
2nd - Trade like a DCA investor. We buy when we need to, rather than timing the market. Eventually, our portfolio will work balance itself out.
--- Adding on before I post ---
We fail or pass doesn't matter, what we need is data. We could take both buy and sell on different accounts and be right one way or another. Even if our original strategy is a losing one, and we lose 70% of the time, we still made 70% on the other account.
And, if the winds of change blows in our favour, and our original account suddenly becomes a winning one, then, we make more than we lost.
I think that this is where the beauty of funded accounts come into play. But I am not getting one yet. I need to work on myself first.
Besides, not all funded accounts providers are good. Stick to the popular ones. But before that, prove to yourself that you are able to balance yourself while standing up straight during the storm on a small boat while holding onto a tray of drinks.
It's not that difficult, really.
Another thing to add is, people talk alot about techniques, how to time the markets etc. Don't spend too much time on those. Those are poisonous chicken soup(like, chicken soup for the soul, but poisonous).
You might be immune to poison, but you won't be thriving unless if you are a nepo kid or trust fund baby or have some unspoken conditions that help you keep your head above the water.
For every good to come, there are abundant of unspoken conditions that has to be met. That those who made it won't tell you. Or, they don't even realise.
Two persons of similar backgrounds, one succeeding and the other still barely surviving. Don't judge the succeeding one with thoughts like, they are hardworking etc too quickly(it might be true they are hardworking). Neither judge the one who is barely surviving too harshly.
Reason being, if the one who is succeeding has all the exact conditions that the barely surviving person has, they would also be stuck at where at the same exact place as the barely surviving one.
This fact about unspoken conditions, takes ton of suffering and immersive experiences on a day to day basis for years, decades, centuries and more brew and appreciate.
Just like those bone broth sold with boat noodles in Thailand. They just top up the broth, and doesn't wash the gigantic pot.
In western "language", its called, Rome isn't build in a single day.
1228SGT 17022025
I am able to buy on Oanda now despite the market being closed now, I think it is because of some market maker privileges on Oanda's side, such as being the one who is taking the orders instead of pushing the orders to the live market.
I want to take DE30EUR on FTMO too, but I am not sure if I am able to enter on a Buy Limit or not. I will try.
Even if we are taking correlated pairs, ie. EURUSD which I have open positions from last week, and taking DE30EUR now which also has EUR in it, I think I will be ok as long as I keep my stop loss wide so that I would not get whipped out that easily.
And also another reason why I think it is ok is, I am not taking the positions together at the same time. Just like investing, you DCA regardless of if the market is your portfolio's favour or not, market highs or lows, etc. Due to this difference in time reason, their fate would be different, and we allow the fate of our positions to play out by giving it a huge enough stop loss.
-------------
TLDR; Buying DE30EUR despite us having positions in correlated pair, EURUSD, which we entered on last week.
We will be ok even if we take correlated pairs, due to two reasons.
1st - Our stop loss is wide, allowing us to ride the whips and waves and not getting closed out that easily.
2nd - Trade like a DCA investor. We buy when we need to, rather than timing the market. Eventually, our portfolio will work balance itself out.
--- Adding on before I post ---
We fail or pass doesn't matter, what we need is data. We could take both buy and sell on different accounts and be right one way or another. Even if our original strategy is a losing one, and we lose 70% of the time, we still made 70% on the other account.
And, if the winds of change blows in our favour, and our original account suddenly becomes a winning one, then, we make more than we lost.
I think that this is where the beauty of funded accounts come into play. But I am not getting one yet. I need to work on myself first.
Besides, not all funded accounts providers are good. Stick to the popular ones. But before that, prove to yourself that you are able to balance yourself while standing up straight during the storm on a small boat while holding onto a tray of drinks.
It's not that difficult, really.
Another thing to add is, people talk alot about techniques, how to time the markets etc. Don't spend too much time on those. Those are poisonous chicken soup(like, chicken soup for the soul, but poisonous).
You might be immune to poison, but you won't be thriving unless if you are a nepo kid or trust fund baby or have some unspoken conditions that help you keep your head above the water.
For every good to come, there are abundant of unspoken conditions that has to be met. That those who made it won't tell you. Or, they don't even realise.
Two persons of similar backgrounds, one succeeding and the other still barely surviving. Don't judge the succeeding one with thoughts like, they are hardworking etc too quickly(it might be true they are hardworking). Neither judge the one who is barely surviving too harshly.
Reason being, if the one who is succeeding has all the exact conditions that the barely surviving person has, they would also be stuck at where at the same exact place as the barely surviving one.
This fact about unspoken conditions, takes ton of suffering and immersive experiences on a day to day basis for years, decades, centuries and more brew and appreciate.
Just like those bone broth sold with boat noodles in Thailand. They just top up the broth, and doesn't wash the gigantic pot.
In western "language", its called, Rome isn't build in a single day.
1228SGT 17022025
İşlem aktif
I realised that my chart is the 1H chart. And it will be ok. 15 Minutes Chart, 1H chart. I am riding the same trend now.
1230SGT 17022025
Not
I managed to buy on FTMO paper trade.
Currently, my FTMO paper trading is in the negative, but am on its way to recovery I think. I was down 3.5% or so previously, but currently am sitting on 2.5% loss only. Now the trades I take on FTMO paper trading are the same as I take on Oanda(tradingview).
The first few trades on FTMO paper trade was me testing the water thats why I am currently in losses.
Not
I managed to buy on FTMO paper trade.
Currently, my FTMO paper trading is in the negative, but am on its way to recovery I think. I was down 3.5% or so previously, but currently am sitting on 2.5% loss only. Now the trades I take on FTMO paper trading are the same as I take on Oanda(tradingview).
The first few trades on FTMO paper trade was me testing the water thats why I am currently in losses on FTMO paper trading. Today is week two on the FTMO account. I think I would like to continue and see where it would go, so I would be opening paper trading accounts and then piecing the PNL graph together on ms paint. Not sure if the results would be congruent or not.
1242SGT 17022025
İşlem kapandı: durdurma seviyesi
-1R loss.
Looking at my past PNL graph on my forexfactory account, I realised that I am such a beast.
I am so good at being consistent. So, so, so, good!
I have been consistent-ly losing for the past 9 years, since 2016!
I am so thankful for being such a beast at consistency.
I saw on forexfactory, my previous strategy resulted in me ending with -7R loss over 200 trades.
I think the losses is a little too small. I might have sized down when trading that strategy. If I sized up more, I would have been able to lose more.
1020SGT 22022025
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.