TraderRebirth

Musings about trading and life | Performance Coach | Intensive Care Specialist MD

[TraderRebirth @NuQuant]

@ThomasDiMatt @JunoTrading @follis @berkkaraca @victorious__5 @AlphateamTrader @tradecopia @TradingLucid Proud +++. That persistence will take you to great places...

[TraderRebirth @NuQuant]

@ThomasDiMatt Thank you!! Onwards and upwards for you...

[TraderRebirth @NuQuant]

After some consideration, I've decided to take a brief break from X to focus on my health and trading sustainability.

My trading of late has degraded into chaos and my results have shown that.

My trading goals in this break will be to:

- Build a mentally and physically more robust approach that can fit into my lifestyle and not take over it.

- Prioritize low drawdown, smoother equity curve trading: not necessarily maximal expectancy.

- Optimize my approach to maximally exploit newer prop firm rules like trailing drawdowns and consistency rules.

I've already got some great ideas and adaptations so hopefully won't be too long before I am back with some updates.

See you soon!

[TraderRebirth @NuQuant]

I'm short $EURUSD here pre london session. Expecting moderate chance of taking out Asian highs but been front running lately so got in early. Will review pre red folder news.

[TraderRebirth @NuQuant]

Took a $XAUUSD scalp short. Exited early due to intuition and just wanting to get a few runs on the board to get back into the groove.

Got some higher time frame ideas marked up for gold and will update if they play out.

[TraderRebirth @NuQuant]

I should have take my own advice and not traded when sick. When I am lying around having too much access to the markets I tend to brood on losses.

Today I draw a line in the sand to get back on track!

Will be posting some trades I take for transparency - win or lose.

[TraderRebirth @NuQuant]

Out of hospital finally but a long way to go. I hope everyone realizes how precious life is.

Don't get caught up on the small things...

[TraderRebirth @NuQuant]

@Rachaeltruvos @Truvosofficial @MyCryptoFunding Payout pending since 2nd Feb, now says approved but never been paid

[TraderRebirth @NuQuant]

@ThomasDiMatt Congrats!!! Exponential growth coming

[TraderRebirth @NuQuant]

@ThomasDiMatt Thanks Tom!

[TraderRebirth @NuQuant]

Won't be trading for a bit due to a near death experience. In hospital trying to get to the bottom of it and recover.

[TraderRebirth @NuQuant]

Sometimes life gets in the way of successful trading. When that is the case, it is important to pull back and know the markets will be there when you return.

A lot of my losses have come from trading when I shouldn't have - emotionally, physically or just time-wise.

[TraderRebirth @NuQuant]

@mrvrazz Well written. Following you for the well written article!

[TraderRebirth @NuQuant]

Successful trading can be characterized by long periods of meh followed by short periods where most of your profits are made.

Controlling your psychology and risk during the meh phase is the key.

[TraderRebirth @NuQuant]

@rotrade93 @FTMO_com Should have read this post before getting chopped up by GU myself haha

[TraderRebirth @NuQuant]

Nice knowing you $GBPUSD.

Didn't enter a trade for a number of days and then enjoyed a choppy ride on GBPUSD before exiting for breakeven. What a horrible chart.

Missed some profitable moves on other pairs.

Also had some technical issues that were a major distraction.

But we keep going.

[TraderRebirth @NuQuant]

@rotrade93 100%. Even better actually!

[TraderRebirth @NuQuant]

@DrDeannaCole The only way I have overcome this moment of gambling is to automate my risk management. It is literally impossible for me to move my stop away :)

[TraderRebirth @NuQuant]

Yes I think this is super important for psychology and smoothing the equity curve which is underrated.

I personally automatically trail SL to BE at 2R profit and am looking at a second more gentle trail at a lower R multiple (below BE) but need to do more testing. I don't like trailing too early.

You could also do an automatic trail at 90% of TP.

For me it depends on your individual strategy and doing some backtesting of how previous price action has gone between entry and exit. Of course history is an imperfect prediction of the future!

[TraderRebirth @NuQuant]

This week I missed trades that smashed TP by a whisker and entered trades that hit SL.

This is the way of trading.

All you can do is smile, review and move on.