laucrypto

One of kind.

[laucrypto @laucto]

Below are the only two setups or entry models in my trading system — leg inducement-related setup and pullback inducement-related setup.

I frequently trade the leg inducement-related setup or entry model because it is easy to detect.

Also, all trading setups or entry models in the world are based on these two setups or entry models.

#Trading #Bitcoin #Forex

[laucrypto @laucto]

2/

About the second rule,

Wanting 2R:R, 3R:R, and other higher Risk:Reward ratios is one of the reasons why people often lose money — trade according to price action, not what you want.

[laucrypto @laucto]

1/

— Always set your stop-loss order according to technical analysis.

— Always set your profit target according to technical analysis; otherwise, many of your winning trades will become losing trades.

[laucrypto @laucto]

@midrizzy1 @Techriztm @Marresecira The reason why people become profitable after years of losses is that they have not find the truth earlier.

[laucrypto @laucto]

@wannabechamp Waiting for the price action to form my trading setup, and I will open a trade.

[laucrypto @laucto]

@tradertheory The solution to this is inner peace.

[laucrypto @laucto]

Losses are part of trading.

It is not a bad thing—the bad thing is "not learning from it."

When I lose money, I learn from the lose thoroughly.

[laucrypto @laucto]

One of the things that helped me reduce my losses is taking fewer trades.

The less you trade, the less you lose money.

How to trade less? Be selective by opening trades based on high-quality trade opportunities only.

[laucrypto @laucto]

2/

Behind most losses, there is one or there are many things that you did wrong.

Starting to recognize your mistakes and learning from them — that is how you will get better.

[laucrypto @laucto]

1/

I have learned more about the market and become better at trading when I stopped blaming the market, whales, and other things every time I lost money.

When you lose money, you are the one at fault.

The market always functions or moves as it must.

[laucrypto @laucto]

Being a profitable trader does not mean that you will not lose money— profitable traders lose money.

The only thing that distinguishes profitable traders from traders who are not is that profitable traders’ profits are larger than their losses.

[laucrypto @laucto]

Trading is easy.

But it becomes easy when, apart from mastering technical analysis, you have a good personality (discipline, consistency, patience, sticking to one trading system, etc.).

[laucrypto @laucto]

Becoming rich with trading takes time.

There is a process for everything in this world. And a process needs time.

[laucrypto @laucto]

The market context influences your trading setup.

That is why sometimes, even if you take a trade based on your A+ setup, you lose money.

[laucrypto @laucto]

@wannabechamp Liquidity sweep.

[laucrypto @laucto]

I appreciate both winning trades and losing trades.

Winning trades give me money, and losing trades give me lesson(s) that will help me earn money later.

Both are important and profitable.

[laucrypto @laucto]

@1MINUTETIP It is profitable because you learn from it.

Your losses teach you one or many important things.

[laucrypto @laucto]

Selling a trading course is not a red flag for a trader.

It is good to share your knowledge with people, as one of the things life is about is helping others.

The problem with course selling is that the majority of traders who do it are not traders, or are not profitable traders, or do not teach the truth.

You must discern.

[laucrypto @laucto]

@TradingwJESSEW I agree with your last sentence, especially traders who do not manage their risk.

[laucrypto @laucto]

It is true that the price of the asset(s) you trade is always moving.

But that does not mean you must trade every move or be in a trade all the time.

This is one of the reasons why many traders take low-quality trades and lose money.

[laucrypto @laucto]

@ashwinaravind Yes,

Traders must filter trade opportunities.

[laucrypto @laucto]

@t0mbfx Start earlier.

The real freedom is trading with your own capital, without prop firms unfair rules.

So, you must start preparing your retirement from prop retail trading since your first payout.