S
Mulliner scooter
@scooter_mx
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4 months ago
put your entry where the masses put their stops
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I dont think a powerful processor is overly necessary for trading on a mobile because most people onlym manage trades from their phones and do the real analysis on the desktop. The S25 Ultra also has an S-Pen feature which you didnt mention, for me thats the most important feature for trading because it makes selecting small icons easy and with an S-Pen the small screen limitation of a mobile phone is reduced.
Fot the times where I found myself overtrading, it was always to compensate for losses. But the way I manage it is to withdraw the money from my trading account and use part of it to buy myself something. I would rather spend the money on me, than lose it to the hopeless cause of overtrading which will most likely end badly.
Swap free accounts are the solution and if you do prop firms, look for a prop firm that doesnt charge swaps, there are some like FTMO
It is basically the last hour of business before an exchange closes for the day. The power hour is even more important on the last Friday of the month when portfolio managers are rushing to rebalance their portfolio before business closes. You could see portfolio managers sell lots off shares causing the dollar to strengthen and vice versa, during the power hour.
Price action is the ancient way of trading that was in play before indicators were invented. In the past, traders didn't use indicators, they relied on understanding candlestick patterns, price behavior etc. and that is what price action trading is about. I will say that from my experience, price action trading is more accurate than using indicators.
I suspect brokers are the ones behind the development of indicators so that 95% of traders will keep losing. Why the heck will I rely on a Christmas tree to show me something that has already happened when i could have seen it in real time using price action?
I rely on price action to tell me when to enter/exit I don't depend on indictors because they are always giving delayed information. By the time your beloved indicator tells you to buy, price action traders have already bought and exited the trade with profit.
they have micro account but don't expect to make much profit trading this mini account. It is great for experimenting with new strategies or for learning how to trade. Micro accounts are also good for hedging for those who leave trades open for days to weeks,
Quantitative (Quant) trading is an industry where these firms pay techies to build proprietary trading software targeted at specific markets such as oil, fx, crypto etc. then they employ traders to trade with this software.
I have heard that junior traders earn a quant trading salary around $400k per annum and the bonuses are even higher. Some quant firms let traders keep 20% of any profits they generate.
To get a quant trading job, you have to be good in math, computer science, coding etc. plus having experience in building software for other industries could be an added advantage.
A friend of mine was able to get into one of the quant firms in Chicago (as a junior trader) because he accepted to work the midnight shift when European markets would be open.
Some of you may have heard about Kairan Quazi the 16-year-old who just moved from Space-X to a quant firm called Citadel Securities. read more here https://africa.businessinsider.com/news/he-joined-spacex-at-14-at-16-teen-prodigy-kairan-quazi-is-jumping-to-quant-trading/zxbzn7c
We (retail traders) should have a daily stop limit to stop us from destroying ourselves. Professional traders working with banks/hedge funds also have a daily loss limit so how much more a retail trader? Whenever you feel you cant control yourself and you want to overtrade, just withdraw the funds from your trading account. It is better to use that money to buy ice cream than to dash it to the market 🤣
The Pattern Day Trading (PDT) $25k rule is in place to discourage unqualified persons from trading the US stock market. The US Financial Industry Regulatory Authority (FINRA) are the ones that put the $25k rule in place. They want to be sure that you have the financial capacity to absorb any losses that may occur when trading stocks.
Most brokers who offer excessive bonuses and have Introducing Broker (IB) Programs are most likely B-Book brokers. The A-Book brokers rarely engage in such stuff
See screenshot of US Oil Inventory data gotten from the United States Energy Information Administration (EIA). You will notice a drop in inventory figures in the month of June. This can cause oil prices to drop too.
Drop in inventory = More oil exports by the US = over supply = lower oil prices
US crude oil inventories have been dropping since June 2025 which means the US is exporting more oil and supply is exceeding demand so oil prices will naturally fall.
Please how do i build a custom script for trading, I am looking for a script that can blot out other sessions and show me only the London session using a 5-minute timeframe, can you recommend any programmers?
No, withdrawals do not affect the scaling plan at 5ers. For example, if you were required to make a 10% profit to scale, but you had already withdrawn 6%, you will only need to make 4% to qualify for scaling.
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