All lives SHOULD matter, but let’s be real with ourselves right now...
Some lives matter more than others, and it’s sickening. Participate in your local elections and understand politics.
Become more knowledgeable on social injustice and the criminal justice system.
@tradermike1234 38% win rate. 1:3RR. 2.07 Profit Factor.
I will never recommend my style of trading to anyone who needs trading to live. As a swing trader with a 6 figure day job... that's the only reason I can stomach my 38% win rate.
Less setups. Less screen time. More Freedoms.
Backtesting Tip (Forex):
Make sure you're taking trades based on the charts that you used to backtest.
If your strategy was profitable with OANDA charts, does not mean it'll be the same with FXCM charts. Especially if you use candlestick patterns for entries.
@jtrader Anyone who applies proper risk management to their strategy can survive 10 straight losses.
The real test is if a trader can mentally survive those losses without changing things. This is why backtesting is important!
I’ve been in $XRP since 2019.
There’s a ton of uncertainty around the coins current state (legal battles), but the single greatest outlier will always be its speed and scalability compared to its competitors. XRP is the easiest choice for large financial institution adoption.
If your goal is to trade like a professional and be a consistent winner…
Then you must start from the premise that the solutions are in your mind and not in the market. - Mark Douglas
Price Action is all I care about. My Weekly questions:
1. Is the Weekly/Daily Bullish or Bearish?
2. Is the Weekly/Daily Choppy?
3. If Bullish, what’s my AOI on 4H?
4. If Bearish, what’s my AOI on 4H?
5. Where are my stops/targets?