Tips to become consistent.
Trade all the sessions find which one fits you best and trade only that session.
Try to focus on one pair. Learn to wait for a set up, stop rushing things. You don't need to trade 20 pairs you need to work on your skill and increase your lot.
Risk 7.5% is a nice balance between risk and reward.
Stop losses don't limit risk.
Screenshot your mistakes. print it out
Learn pattern recognition.
Trade alone & ignore the news I only watch fed gov calendar for events and nfp. if you're trading fx then add in high impact news and fed calender and nfp.
Trade alone and when Jim kramer says buy you sell always.
Never give up, the key to becoming consistent is failing faster then everyone else. Review your failures because this is the growth you need, I know it doesn't appear that way and you're probably sad but you have to realize everyone else since the start is trying to trade like this is a school project and its gotta be perfect.
While everyone seeks perfection and the holygrail you're over here failing and reviewing the failures daily doing your best. 1-2 years from now who do you think will still be here. it won't be that perfect trader risking 2% with sniper entrys and tight stops.
It's gonna be that person who was trading on a crappy laptop years ago printing out all his mistakes looking at them and correcting them.
Like if you want more tips.
XRP Settlement April 22 2022 ;]
Trade all the sessions find which one fits you best and trade only that session.
Try to focus on one pair. Learn to wait for a set up, stop rushing things. You don't need to trade 20 pairs you need to work on your skill and increase your lot.
Risk 7.5% is a nice balance between risk and reward.
Stop losses don't limit risk.
Screenshot your mistakes. print it out
Learn pattern recognition.
Trade alone & ignore the news I only watch fed gov calendar for events and nfp. if you're trading fx then add in high impact news and fed calender and nfp.
Trade alone and when Jim kramer says buy you sell always.
Never give up, the key to becoming consistent is failing faster then everyone else. Review your failures because this is the growth you need, I know it doesn't appear that way and you're probably sad but you have to realize everyone else since the start is trying to trade like this is a school project and its gotta be perfect.
While everyone seeks perfection and the holygrail you're over here failing and reviewing the failures daily doing your best. 1-2 years from now who do you think will still be here. it won't be that perfect trader risking 2% with sniper entrys and tight stops.
It's gonna be that person who was trading on a crappy laptop years ago printing out all his mistakes looking at them and correcting them.
Like if you want more tips.
XRP Settlement April 22 2022 ;]
Comment:
Sorry this post is not formatted correctly this is my first post here. Following posts will be correct my bad.