September run summary
Start 01.09
End 30.09
End result: 283% of the original depo.
Developed Strategy so far:
Chart + Fibo + trend lines / channels + Stoch RSI
Determining the scenario on H1, then searching for an entry point on M5
5% depo in a trade if it looks good
10% depo in a trade if I feel in my bones that it will go in the specific direction.
Martingale only once for 100% value of the first position, then a tight SL and looking for a better entry if it stops me.
Stop Loss at 20% position or on a important support / resistance
Leverage used 1:50
PNL minimum 2, ideally around 3.
When entering a trade, I set the first TP for 1/5 value of the trade at 20% of profit, when this order is completed, I move the SL to the entry level and do not touch the position until the final TP or SL.
When I catch a bigger move, I pyramid it by adding 50% of the original position on motion corrections, at the same time selling 25% at more important levels.
My Thoughts:
The psyche is the most important element in your trading! Learning to trade is not a sprint, its a marathon.
I'm well aware that I can losse more than I will earn for the first year or two, although I strongly feel that my logical INTJ personality type combined with 8 years of experience with meditation give me a slight advantage over the market
Creating trade scenarios is key, not entering trades randomly, unless scalping in the channel with precise entry / out and a mandatory tight SL.
Think twice before entering a trade!
Overtrading is completely useless, it is better to trade max 1-2 positions a day.
After each successful trade or more, take a day off and think about what You did right/wrong.
Consciously control your progress - test what works and where your psyche plays games on You, keep a mental diary.
Trading on leverage is working for me far better than trading on alt-coins, the bitmex platform gives a lot more options, I will gradually transfer my funds from binance to bitmex and make up for losses caused by hodling.
The leverage is a dangerous tool, without the SL you can easily loose a lot of money due to frequent market manipulations know as bart formations..
Bitmex Cross option is not for me at the moment, I lost more trades on cross than I won, the exception was when I managed to win a short with 1500% gain from $7400.
I will try to get back to it after a while on a second account.
Plans for October
- make a larger 5x deposit
- further training of my psyche
- learning more about mmd clouds and learning to scalp on them.
- learn to withdraw profits every 2 weeks
End 30.09
End result: 283% of the original depo.
Developed Strategy so far:
Chart + Fibo + trend lines / channels + Stoch RSI
Determining the scenario on H1, then searching for an entry point on M5
5% depo in a trade if it looks good
10% depo in a trade if I feel in my bones that it will go in the specific direction.
Martingale only once for 100% value of the first position, then a tight SL and looking for a better entry if it stops me.
Stop Loss at 20% position or on a important support / resistance
Leverage used 1:50
PNL minimum 2, ideally around 3.
When entering a trade, I set the first TP for 1/5 value of the trade at 20% of profit, when this order is completed, I move the SL to the entry level and do not touch the position until the final TP or SL.
When I catch a bigger move, I pyramid it by adding 50% of the original position on motion corrections, at the same time selling 25% at more important levels.
My Thoughts:
The psyche is the most important element in your trading! Learning to trade is not a sprint, its a marathon.
I'm well aware that I can losse more than I will earn for the first year or two, although I strongly feel that my logical INTJ personality type combined with 8 years of experience with meditation give me a slight advantage over the market
Creating trade scenarios is key, not entering trades randomly, unless scalping in the channel with precise entry / out and a mandatory tight SL.
Think twice before entering a trade!
Overtrading is completely useless, it is better to trade max 1-2 positions a day.
After each successful trade or more, take a day off and think about what You did right/wrong.
Consciously control your progress - test what works and where your psyche plays games on You, keep a mental diary.
Trading on leverage is working for me far better than trading on alt-coins, the bitmex platform gives a lot more options, I will gradually transfer my funds from binance to bitmex and make up for losses caused by hodling.
The leverage is a dangerous tool, without the SL you can easily loose a lot of money due to frequent market manipulations know as bart formations..
Bitmex Cross option is not for me at the moment, I lost more trades on cross than I won, the exception was when I managed to win a short with 1500% gain from $7400.
I will try to get back to it after a while on a second account.
Plans for October
- make a larger 5x deposit
- further training of my psyche
- learning more about mmd clouds and learning to scalp on them.
- learn to withdraw profits every 2 weeks
İlgili yayınlar
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.