P
Pierre
@pierre_r_carosso
Last seen:
2 days ago
An adherent of Dows theory
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I guess DE40 is slowing down cos manufacturing in Germany is facing stiff competition from China especially with China rolling out cheap Electric Vehicles. This is just my opinion I am not an expert
This was the final straw that broker the Camel's back ( I mean the second plane hit) after that it was a massive sell-off of SP500
Your entry is very precise, even on a 5-minute chart, you did this without consulting higher timeframes like most traders. Amazing!
Stocks are more profitable and easier to trade because their prices are designed to go up. Forex on the other hand is designed to fluctuate so its more unpredictable.
Trading was not originally designed for retail players because for most it is just a zero sum game. Institutional traders have access to specially designed economic models that can analyze an asset thoroughly and predict with some level of accuracy, which way the market is headed for the period under review. Retail traders don't have access to such high-level tech and are basically bringing a knife to a gun fight.
They say a good trader knows not 100 different moves but 100 different ways to trade one move. As you progress in your trading career, you should be able to spot opportunity where others don't. if you cant find a setup on one instrument in 24 hours then you need to re-sharpen your skill set. Except you are a swing trader or you have specific trading hours, but any experienced day trader should be able to find a setup within 24 hours. Every strategy needs some modification every now and then, its not a bad thing.
Crypto paired with USD needs a lot of liquidity so I best trade it during NY or at the start of Frankfurt
Sure you can recover, just put it behind you and move on to the next trade. Losses are unavoidable, but before you enter the next trade, check your trading account balance and open a lot size that is commensurate to your trading account balance. If your account balance is low and you try to trade the same lot size you may get a margin call and your broker will close your trades prematurely
I disagree, every trade requires a different risk. It depends on what edge you have on that day. If you have some data at your disposal that gives you an edge for the day, then you should add to your winners and risk more
However, let me add that cTrader has charting limitations for example there is a limit to the number of drawing objects you can have on the chart at any given time. Sometimes before cTrader allows you draw a new square or any shape, it will ask you to delete some old ones. I think the maximum number of diagrams you can have on a cTrader chart is 100 at any given time.
Spot on! TradingView want to charge you for everything but cTrader gives you those features mostly for free. cTrader just needs to work on their charting range so you can view more historic charts
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