Today I'm stepping back and letting the market position itself for the next move
That will be either finishing off the transition, or heading downwards. Its unclear right now, so I'm going to let it make its mind up
Marketers will hype up how easy trading is, only to disappoint you and leave you broke
In an age of significant change and transition ITS OKAY TO BE THERE FOR EACH OTHER
At MTOPS there are dedicated rooms to share the struggles and get real. Its important to remember that you're not struggling alone, humans are humans, and we gotta support each other through that
I am so holistically happy. Life just ramped up onto an entire higher octave
Last night I witnessed my new algo running beautifully, thus absorbing my 'open trade' anxieties.
This morning it's confirmed my 3rd child is on their way
We're buying a new house and my wife gets to be a full time mom again.
Life is immeasurably great
The age we live in makes me...
I love trading. Having an open trade helps me 'feel' the market. This is why I have 2 accounts open at the same time, a paper trading account and a real one. Friday's sudden drop wasn't known to my real account.
We check for a symmetrical triangle and disqualify it by adding a middle line.
What I forgot to mentioned that I moved the SL up to entry once it have...
There seems to be a new transition happening to the upside
Its still early however it does seem that way for now
I've opened a trade on my paper trading account to see whether that is the case, as having an open position has a lot more investment from an attention element than sitting on the sidelines would...there's something about being 'on the field' thats...
In this announcement video I chat about joining 'The Leap' trading competition
In light of Monday's video, I am going to document what real world trading for a living looks like, to help those who are looking to change their lives but unsure of what it truly takes to make a living from the markets
I also am going to take the best of this month's footage and...
If you've been in the world of trading for a while you would've come across the heated tight SL vs Loose SL debate.
Unfortunately most traders don't know where to correctly set either
In this vid we cover that as well as the topics:
> quick intro to prop firms
> how to restructure a condensed market
> other stuff
Not a long video, but in it a quick reminder of a recent example of why not to trade every market move
Trading with trend you can enter late and exit early and still be profitable
If you chase every turn on the market, moves such as the last 24hrs could torment ya
(and yes I played a tiny bit of Linkin Park for no particular reason lol)
After getting back onto TradingView to do some more daily market updates (which wasn't the plan) I put less effort into the market setups as I'd gone over to the otherside of the progression curve.
Students have the same thing happen to them once they have gone beyond the honeymoon period and then into the management of their patience and discipline rather than...
Today we chat about a range of topics
> why not to trust convenience or black box solutions
> why exchanges aren't your friend (and your capital is)
> why scaling is so important to geometric forecasting
> how to spot a symmetrical triangle and what it means to you (aka you're not allowed to trade during a symmetrical triangle
> market structure & trend recap
today's lesson & update will work best with yesterday's video on market structure.
It also highlights the importance of solid rules to trade with, in this instance it is:
trade with trend
wait for price action to exit killzone
use demo accounts to learn a new skill, not real money (until your results prove that you are ready)
I got distracted about chatting around market structure, and didn't run my confirmed turning point checks
If this isn't the new low, then use yesterday's forecast
Getting the market structure correct makes or breaks the rest of your forecasts.
Many Gann Traders don't know where to anchor in their Gann tools correctly
Today I chat about the market structure and allocated market energy within it
What goes up must come down, and thats what we're seeing on the 128min
Transition down before the dominant trend direction (transition on 512 chart) pulls the market up
Yes I'm strapping in for the hater comments, I get the frustration
The thing about a ranging market (higher risk) is that its difficult for everyone
What is important during the periods of frustration and uncertainty is knowing how to protect your capital and to know what to look out for.
Trading from confirmed turning points, and trading in trend is the best...
I'm sure I'm going to get some bad press about the market now going up again...
Ranging markets are tough for everyone, its how you handle your account during the periods of uncertainty that matters
I'm exhausted by seeing the market going up, so I'm personally shocked that it has the energy to do so...alas, its going up
So for those who sold to cash,...
