Alpha Circle Nsukka | Charts, Psychology & Market Discussions

To kick things off, here is what I am in XauUsd. Drop your charts below and let me know if you are seeing the same thing or you've got a different bias

For me, what I see is Gold doesn't have any direction for today, it has been trading within the Asian session range since morning. I suspect it is going to keep doing this through out the day. Gold also has a positive correlation with EUR/USD most of the time and we see EUR/USD doing the same ranging today. I don't advise anyone to trade gold today.

Gold is positively correlated with EU? I've not really paid attention to that. Maybe I'll check that later.

Yes I mean they move in the same direction about 75% of the time

Okay.

What do you have on your watch list?

Eth rugging like a Radom Friday on this week was scalping Eii

😪😭🤧🤧 don't be surprised when we drop 70k is happening

Btc trend change if we break 75k zone this what you expect ....rebound at 75k after break

Bright.

I've been long on Eth and BTC since yesterday. I didn't plan on holding for long though, but I'm stuck in a loss at the moment.

Worst case scenario

Check the video on review what to expect in worst case scenario

JUST IN: 🇺🇸 Pro-crypto Kevin Warsh officially sworn in as Federal Reserve Chair, replacing Jerome Powell.

@WatcherGuru

I was having a conversation with some of my guys this evening, and we were talking about how low trading capital is keeping most traders unprofitable. What do you guys think?

Is it really a skill problem, or a capital problem. Cos I've see lots of skilled traders with low capital, and at the end of the day, they feel like they're not skillful enough.

Also, every once in a while you also see traders turning small capital into something huge.

This is nice.

I'll share my outlook later, when I'm well rested.

It not just capital is circumstances and conditions ...you might eventually be there but struggle fixing comfortability and growth.

If someone in a good condition under what life really is about and some certain profit is enough he or she would gradually make it without Over pressure 80% are trading to change there live some push life issues to make certain gain from the market at the end of fhe day acct is blown.. boredom always on trading people in trading should no life activities matter so much play,learn skills ,go out ,talk with people exhibit outdoor active that way you won't make countless judgement on chart that never ment to move straight

Subscribe boss ❤️

I think is great to be part of this community

Great community 👏 indeed let cook 🍳

It is hard to know if someone is skilled in trading or not without trading large capital.

One can be comfortable trading small lot sizes, but when the amount of money on the line changes to 5 or 6 figures of risk per trade, it can trigger different reactions (emotional & mental).

All the emotions are amplified if you are trading intraday. When you are trading swing, you have days to see the trade play out. But when you have large sum on the line on the next few pips of movement, it requires extreme discipline.

I always point to this video or the Trader documentary.

Real trading on large capital requires extreme emotional control, because one mistake can be the end of your career, especially when you have no guardrails. Traders who trade their own accounts, they mostly have no guardrails, you are relying on your own discipline.

For example, the next 10 pips move on EURUSD is 5 figures in account pnl, then you cannot afford to lose your discipline. You could be pushing back, you simply not accepting the loss, then that is the end. All professionals have loss limits, not mental but actual abstraction layer.

That is why in my opinion, real trading requires professional setup & accountability. You have to be trading with intent, and clear input goals. And have a very clear playbook. Developing a playbook is the first step.

I agree that aligning your expectations with reality is important.

Achieving success in trading is very low probability when you are trading to escape dire circumstances. Trading for success has a much higher probability when your life is stable, because you can keep going in those initial years when you will be losing.

It will take 2 years if you are doing it full time or professionally, in most cases it will be higher if you are not.

Trading should be one activity in your life, and with time bound engagement, not an all-consuming obsession that replaces your entire life negatively. Your engagement criteria has to be very well defined as per your playbook.