Every L can be turned into a Lesson if you have the right perspective.
Adversity is part of life's lessons.
Embrace it and move.
Support the people you know are genuine and they will support you when your life's equity curve hits drawdown.
And if they don't, they were never really in your corner.
In a symmetrical market, the swings are easy to see. Easy to navigate and execute positions. The obvious next objective can be determined on a consistent basis. Much like this spider web below... it is methodical, planned construction. What happens when chaos is introduced?
On shit market conditions, I’m trading wayyy less with wayy less leverage, because I know I’m more likely to get my read wrong.
But on good market conditions? Damn, I’ll pyramid the shit out of it. If I get stopped out I’ll go back in again, because I know my models excel there.
The logic here is simple:
Increase risk exposure in markets with strong HTF orderflow.
Reduce risk exposure in markets going back and forth.
For this very same reason I have yet to start trading this year. 💀 If you trade US30, NAS, or SPX, you are wayyy better off than FX traders at the moment.
January’s been some of the worst trading conditions in fx I’ve seen in quite a long time. If you’re currently on a losing streak give yourself some slack 😎
Planned to come back this week, but price is still ranging on HTF plus it is NFP week.
Does it not make more sense to wait for true direction & LRLRs?
I will be back next week, but at the moment, I am hour on 18/72 for my fast.