Thursday, August 24, 2023

I took a short brake but I'm already back 💪🖖

Alright, so I know I have been away for quite some time from live trading on YouTube but I had my reasons. All I can tell is that I took a step towards Futures trading and so far I think I made a good choice. I've been trading with Top Step for a while and I already achieved a funded account and doing my following new challenges. It's really true that I was saying doing the livestreams that putting my trades live does put extra pressure on me and as soon as I got to the point where I fell into immersion my focus and my trades got better.

So here is the conclusion after trading futures instead of Forex pairs: first of all let me tell you that trading on a different platform than Metatrader ( currently Ninja Trader)  I must say that it's like sitting into a much better vehicle.  I have experienced much better trading executions and basically no slippage and no spread issues.  This allowed me to trade on the lower time frames such as the 1-minute chart and I could finally dive into deeper all the concepts that I was learning from ICT.  I know there's still a long way ahead and trading is a constant learning curve I guess until the end of our lives,  but I'm still very confident that I think I made the better choice for trading the NASDAQ and the S&P. I remember that once ICT said that the futures market is a gentleman's market and I think I can start to feel why he was saying that. In futures the levels are much more respected than in Forex and you won't get that much manipulation with the price on your platform. 

On the other hand, I'm still thinking about continuing the YouTube streams I just need to work out a schedule that I can maintain. 

Speaking of futures trading, there is one big conclusion I have noticed if I can maintain the discipline of trading only a maximum number of two micro positions (on MNQ or MES)  it's so much easier and so much less stressful to trade these markets because all we need is basically 80 or 100 points per week and if you're doing it with two micros that it's already helping you to achieve freedom and that's just the first step I'm going to be writing more about this on my Twitter and I'm gonna make a YouTube video about this as well.  That's it for now so don't worry The Show Must Go On. 

Thursday, June 1, 2023

Celebrating a Successful May: Over 10% Profit and Valuable Trading Insights

I am thrilled to share the fantastic news that I have closed out the month of May with a remarkable profit of over 10%! Throughout the month, I diligently logged all my trades through my live streams and my exclusive membership site, ensuring transparency and providing a valuable resource for fellow traders.

May wasn't without its challenges, as I faced a daunting losing streak of seven stop losses in a row. However, thanks to my steadfast commitment to good risk management practices, I was able to weather the storm and emerge stronger. By implementing effective risk management strategies, I limited the impact of losses and protected my overall trading capital.

Trading is a journey of ups and downs, and the ability to navigate through challenging times is what sets successful traders apart. The resilience demonstrated during the losing streak was a testament to my dedication and discipline in adhering to risk management principles.

As I reflect on the month of May, I am grateful for the lessons learned and the growth experienced. The documented trades through live streams and my private membership site not only serve as a valuable record but also provide insights and learnings for myself and fellow traders. Transparency and sharing experiences are fundamental to fostering a supportive and educational trading community.

I look forward to the continued journey ahead, filled with new trading opportunities and the pursuit of consistent profitability. Thank you for your support, and here's to a prosperous trading month ahead!

Also, check out my stream from today of how I made over 3% in one day!

Sunday, May 21, 2023

Surviving the Ups and Downs of Trading: Reflections on a Challenging Week

This week has been the toughest one for me in trading so far this year. I experienced a series of stop losses, resulting in an overall loss of around 5% in just a single week. However, amidst the struggles, I want to emphasize the importance of sticking to my money and risk management rules, which allowed me to weather the storm.

Trading is not always smooth sailing. It's important to acknowledge that losing weeks, and even losing months, are an inevitable part of the journey. Those who believe otherwise are living in a dream. The reality of trading is marked by ups and downs, and it's how we handle the emotional pressure during these challenging times that determines our long-term success.

Despite the setbacks, I find solace in the fact that I maintained discipline by adhering to my money and risk management rules. By limiting my risk to no more than 1% per trade, I protected my overall capital and ensured that a single week's losses did not have a devastating impact on my trading account.

It's crucial to approach trading with a long-term perspective. One week or even one month does not define our trading journey. What matters is how we respond to adversity and learn from our mistakes. Analyzing the past week, I recognized areas where I made errors, and I acknowledge that more mistakes may lie ahead. However, I am 100% confident in my ability to handle them.

In fact, despite the challenging week, I want to share that this month I am still in profit, with a gain of over 6%. This realization reassures me that setbacks are temporary, and by staying resilient, I can emerge stronger. The ability to overcome losses, learn from them, and move forward is what separates successful traders from the rest.

Trading is a continuous learning process, and it tests our emotional fortitude. It's through these moments of adversity that we grow and become better traders. So, if you've had a tough trading week or are going through a rough patch, remember that it's part of the journey. Stay committed to your rules, embrace the lessons, and remain confident in your ability to navigate the ever-changing landscape of the market.

If you enjoyed reading about my trading experiences and insights, I invite you to join me on my trading journey by subscribing to my YouTube channel. There, you'll find even more valuable content, tips, and strategies to enhance your own trading skills. Additionally, if you're looking for exclusive perks and further support, consider checking out my Patreon membership, where I provide in-depth analysis, personalized guidance, and a community of like-minded traders. Together, we can navigate the ups and downs of the market and strive for long-term success. Thank you for your support, and I look forward to connecting with you on my YouTube channel and Patreon page!

Monday, May 15, 2023

Taking losses in a positive note

Trading can be a rollercoaster ride, and there are days when even the most experienced traders can experience losses. Today, I had a bad day in trading and ended up losing 3% of my account due to three stop losses in a row. However, this setback has not discouraged me, and I plan to stick to my rules and trading plan to finish the month on a profitable note.

One of the most crucial aspects of successful trading is having a trading plan and sticking to it. The plan should include entry and exit rules, position sizing, risk management, and other critical aspects that ensure a disciplined approach to trading. When you follow your plan, it takes emotions out of the equation and helps you make objective decisions based on logic and analysis.

Having a stop loss in place is another critical aspect of risk management in trading. It helps limit losses and prevents small losses from turning into significant losses. However, even with a stop loss in place, there will be days when the market behaves unexpectedly, and you end up experiencing multiple losses. In such situations, it's essential to stick to your plan and avoid overtrading or chasing the market.

One bad day in trading does not define your performance as a trader. It's crucial to look at the bigger picture and evaluate your overall performance over a more extended period. In my case, despite the losses today, I'm still up over 8% for the month, which is a testament to the effectiveness of my trading plan.

In conclusion, trading can be a challenging and unpredictable activity, but having a well-defined trading plan and sticking to it can help mitigate risks and ensure consistent profits over time. A bad day in trading is not the end of the world, and it's crucial to learn from the experience, make necessary adjustments, and keep moving forward.

Sunday, May 7, 2023

How to Avoid Falling for Forex Trading Scams

Forex trading, also known as foreign exchange trading, is a popular investment opportunity that allows individuals to buy and sell currencies from around the world. However, while there are legitimate forex trading opportunities, there are also many scams out there that can leave unsuspecting investors out of pocket.

If you are considering investing in forex trading, it's important to be aware of the common scams that are out there so that you can protect yourself and your investments. In this article, we will discuss some tips on how to avoid falling for forex trading scams.

  1. Do Your Research: Before investing in any forex trading opportunity, it's important to do your research. Research the company or broker you are considering investing with, read reviews and ratings from other investors, and check the company's registration and regulatory status.

  2. Watch Out for Unrealistic Promises: One of the most common forex trading scams is the promise of high returns with little to no risk. Be wary of any company or individual that promises you a guaranteed return on your investment.

  3. Beware of Unsolicited Calls or Emails: Be cautious of any unsolicited calls or emails offering you forex trading opportunities. Scammers often use cold-calling or spam email tactics to lure in unsuspecting investors.

  4. Check the Fees and Charges: Some forex trading scams will charge exorbitant fees and commissions that eat away at your investment. Make sure you understand all the fees and charges before investing any money.

  5. Use a Reputable Broker: One of the best ways to avoid forex trading scams is to use a reputable broker. Look for brokers that are registered with the appropriate regulatory bodies and have a track record of successful trading.

  6. Trust Your Gut: If something seems too good to be true or if you have a bad feeling about a particular forex trading opportunity, trust your gut and walk away. Don't let greed or fear cloud your judgment.

In conclusion, forex trading scams are a real threat to investors. However, by doing your research, being aware of common scams, and using a reputable broker, you can protect yourself and your investments. Remember, the best way to avoid forex trading scams is to educate yourself and trust your instincts.