EXAMPLE for creating a Strategy! How to make money with TA! #1
Hey tradomaniacs,
most of all beginners out there (I was at this point aswell), don`t know how to create a strategy and trading plan and are not able to make money WITH the market.
At this point, I just wanna give you an example and tell you why it`s so important to have valid signals and a strategy you can trust in.
Emotions - The Cash-shredder
Emotions are the reason why 90% of all retrail-traders fail!
We, as a human being, are visceral still living in the Stone Age controlled by FEAR & GREED.
That`s why we need pre-conditions whose undertake these responsibillitys and determine our trading.
CONDITIONS are part of your Strategy and you should treat them like your BOSS telling you when to trade!
This picture does not includ important things like Stop-Loss, Take-Profit, Risk-and Moneymanagement and so on..
THIS IS one EASY example for a TREND-FOLLOW-StRATEGY, which is easy to use for beginners.
Don`t start with crazy shit like Gartley, S/H/S and other Patterns whose have extra conditions and things to know that you can`t know as beginners.
I will tell you more about this in another post it`s late here in germany! ;-P
I just want this to be an inspiration for lost beginners.
Peace and happy learning
Irasor
trading2ez
PS: Have at least 4 of 6 conditions!
most of all beginners out there (I was at this point aswell), don`t know how to create a strategy and trading plan and are not able to make money WITH the market.
At this point, I just wanna give you an example and tell you why it`s so important to have valid signals and a strategy you can trust in.
Emotions - The Cash-shredder
Emotions are the reason why 90% of all retrail-traders fail!
We, as a human being, are visceral still living in the Stone Age controlled by FEAR & GREED.
That`s why we need pre-conditions whose undertake these responsibillitys and determine our trading.
CONDITIONS are part of your Strategy and you should treat them like your BOSS telling you when to trade!
This picture does not includ important things like Stop-Loss, Take-Profit, Risk-and Moneymanagement and so on..
THIS IS one EASY example for a TREND-FOLLOW-StRATEGY, which is easy to use for beginners.
Don`t start with crazy shit like Gartley, S/H/S and other Patterns whose have extra conditions and things to know that you can`t know as beginners.
I will tell you more about this in another post it`s late here in germany! ;-P
I just want this to be an inspiration for lost beginners.
Peace and happy learning
Irasor
trading2ez
PS: Have at least 4 of 6 conditions!
Comment:
Gosh this scaling! Rather look at this screenshot.
Comment:
Wanna learn more and improve your trading? :-)
Don`t forget to follow me for regular posts and ideas or just PM me if you got any question! :-)
Don`t forget to follow me for regular posts and ideas or just PM me if you got any question! :-)