cegr

price Action, Trading Lessons, Forex

[cegr @cegr]

One major mistakes of all traders is to try enrich themselves in a short time, “big” “fast” profits are “unhealthy money”.

[cegr @cegr]

@PuzzlersWorld 33

[cegr @cegr]

#USDCAD

[cegr @cegr]

When days are going “good”, jot down in detail... what you are thinking, planing or just an account or recap of events.... it will prove helpful to visit these records on your “bad” days, if no time, just do this... date, description and chart pic——And vice versa.

[cegr @cegr]

It is important to know “what market is doing”, but also keep an eye on “what market is not doing”

[cegr @cegr]

1. Sound Analysis = Edge

2. Timing = Patience to wait for opportunities

3. Management =know how to handle open positions

[cegr @cegr]

See ...... in shades of gray
Think ... in probabilities
It is not emotional, and reasons why something happens are irrelevant. Be formless. Shapeless. Like water.

[cegr @cegr]

AUD bottoming out... looks better than EU

[cegr @cegr]

Let’s see if “support” holds.

[cegr @cegr]

@chrollo66995358 Tactical mistakes are acceptable, they cause one or two bad trades, as compared to strategical. Good job, carry on.

[cegr @cegr]

Failing cheaply (cut losses) increases our “surface area” for success because it means that we can test more ideas.

[cegr @cegr]

To survive or to thrive.

Survive: limit downside, minimize risk
“Trading not to lose”
Thrive: Growth, taking risk
“Trading to win”

Two different “mindsets”, but imho both can be implemented in a trading plan / in every position we take.

[cegr @cegr]

What triggers us to initiate a position, absence of that, should naturally take us out of that trade... “a tie that binds”

[cegr @cegr]

Let’s pickup the fallen ones...

[cegr @cegr]

Everyday is a battle.

1)- PATIENCE (Analysis & Observation)

2)- DISCIPLINE (Execution & Mgmt.)