Do you want an extra month every signal year? Let me explain. 👍
Here is the trade info:
Entry was 126.729
Stop Loss 126.936 (21 Pips)
Take Profit 125.733 (100 Pips) 1:5 RR
-----------------------------------------------------------------------------------------------
For me, trading is about freedom.
Not spending 800+ hours a year on charts. (Total yours up - I bet it isn't far off - that's an extra month a year!)
When I used to do technical analysis it was exhausting - all of them decisions every signal day...
When to enter
When to exit
Different pairs/timeframes
Other peoples opinions (you'll see in the ideas section on here!)
How to manage the trade
How much to risk.....etc, etc.
It's overwhelming.
Problem is, it can affect sleep, being present, relationships, your work, your health. - (Constantly checking your phone out of FEAR, losing money, being depressed, etc.)
Its not a nice place to be, it's a vicious cycle that affects your decision making - the result, blown accounts chasing losses and depression.
So now, I don't make decisions. Well I make some, like - what colour socks to wear? What to have for tea?
But mainly...
What the hell I'm going to do with my time!
Thing is, its about planning and the detail.
I know my trading has an edge - the data is there to see (scroll down you'll see under this idea).
Having an edge and following it can be two different things, hence the planning. A lot of people get spooked by a losing run - they run for the hills, looking for the gold at the end of the next rainbow.
Understanding probability, losing streaks, correct risk management all play a big part in ensuring you hit that sweet spot.
There are 2 levels of probability - the first is that every trade is unique, like tossing a coin - we could get 4 heads out of 5 coin tosses. The second level is having an edge over time - if you did 100 coin tosses you should get around half being heads and half tails.
BUT each coin toss is isolation is completely unique.
Makes sense, right?
I used to let losers run and cut winners too short.
Not anymore.
Now, It’s black or white. Either a trade is valid or it isn’t. I know when I'm closing any position, it might not win but that’s OK.
But, I know - you've invested cash in the courses, the signal groups. And the time on your screen instead of spending it with your partner on a Sunday evening.... all you want is some consistency I bet?
Think about it, in order to get consistency - you need to be consistent? 🤔
You just want to have some extra cash, go on the nice holidays and not just feeling like 'you're getting by'.
I get it, but....
Hopping from trade idea, signals group, discussion boards all looking for the next big trade to change your life won't give you consistency. And whatever big trade you hit won't change your life.
It will give you random rewards.
The thing is, how much is enough? There is no end game in trading.
So you might make a big chunk of dough if you get lucky - however, you'll end up giving it back, its just when.
And you know what? Its usually with interest.
So imagine trading with no decision making.
No stress and overwhelm, where you have planned for probability.
And you can go about your day, doing whatever you like.
Sound good?
Drop me DM, I'll explain how this can help you,
----------------------------------------------------------------------
What's an edge?
An edge is : A trading edge is a technique, observation or approach that creates a cash advantage over other market players. It doesn't have to be elaborate to fulfil its purpose; anything that adds a few points to the winning side of an equation builds an edge that lasts a lifetime.
‘EDGE’ our algo identified the trade, without me doing a thing.
---------------------------------------------------------------------
If you like my posts.....
Please hit the 👍 LIKE button 🙏
Follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
Thank you.
Darren
Entry was 126.729
Stop Loss 126.936 (21 Pips)
Take Profit 125.733 (100 Pips) 1:5 RR
-----------------------------------------------------------------------------------------------
For me, trading is about freedom.
Not spending 800+ hours a year on charts. (Total yours up - I bet it isn't far off - that's an extra month a year!)
When I used to do technical analysis it was exhausting - all of them decisions every signal day...
When to enter
When to exit
Different pairs/timeframes
Other peoples opinions (you'll see in the ideas section on here!)
How to manage the trade
How much to risk.....etc, etc.
It's overwhelming.
Problem is, it can affect sleep, being present, relationships, your work, your health. - (Constantly checking your phone out of FEAR, losing money, being depressed, etc.)
Its not a nice place to be, it's a vicious cycle that affects your decision making - the result, blown accounts chasing losses and depression.
So now, I don't make decisions. Well I make some, like - what colour socks to wear? What to have for tea?
But mainly...
What the hell I'm going to do with my time!
Thing is, its about planning and the detail.
I know my trading has an edge - the data is there to see (scroll down you'll see under this idea).
Having an edge and following it can be two different things, hence the planning. A lot of people get spooked by a losing run - they run for the hills, looking for the gold at the end of the next rainbow.
Understanding probability, losing streaks, correct risk management all play a big part in ensuring you hit that sweet spot.
There are 2 levels of probability - the first is that every trade is unique, like tossing a coin - we could get 4 heads out of 5 coin tosses. The second level is having an edge over time - if you did 100 coin tosses you should get around half being heads and half tails.
BUT each coin toss is isolation is completely unique.
Makes sense, right?
I used to let losers run and cut winners too short.
Not anymore.
Now, It’s black or white. Either a trade is valid or it isn’t. I know when I'm closing any position, it might not win but that’s OK.
But, I know - you've invested cash in the courses, the signal groups. And the time on your screen instead of spending it with your partner on a Sunday evening.... all you want is some consistency I bet?
Think about it, in order to get consistency - you need to be consistent? 🤔
You just want to have some extra cash, go on the nice holidays and not just feeling like 'you're getting by'.
I get it, but....
Hopping from trade idea, signals group, discussion boards all looking for the next big trade to change your life won't give you consistency. And whatever big trade you hit won't change your life.
It will give you random rewards.
The thing is, how much is enough? There is no end game in trading.
So you might make a big chunk of dough if you get lucky - however, you'll end up giving it back, its just when.
And you know what? Its usually with interest.
So imagine trading with no decision making.
No stress and overwhelm, where you have planned for probability.
And you can go about your day, doing whatever you like.
Sound good?
Drop me DM, I'll explain how this can help you,
----------------------------------------------------------------------
What's an edge?
An edge is : A trading edge is a technique, observation or approach that creates a cash advantage over other market players. It doesn't have to be elaborate to fulfil its purpose; anything that adds a few points to the winning side of an equation builds an edge that lasts a lifetime.
‘EDGE’ our algo identified the trade, without me doing a thing.
---------------------------------------------------------------------
If you like my posts.....
Please hit the 👍 LIKE button 🙏
Follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
Thank you.
Darren
