MoeBwonKinobi

Don't be afraid to Sim Trade until you can be consistant. Here is 16 trades with a $10 risk....learn the process and the money will take care of it self.

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MoeBwonKinobi

The thing that I have figured out from my data is my consistancy is there until I get a bug up my butt and try to hold a loosing trade over night or move my stop down instead to taking the "L". Then I revenge trade and lose more... What I have been doing new is to take only one trade a day, win or lose...I know my process works from my data. So based on probability I know I should win 50/50 cause you don't know what the stock is really going to do.

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MoeBwonKinobi

It's now 2024 Aug 13th... I have been trading on Sim since Febuary. Trying to work on my biggest issue "Revenge" Trading which is causing me to not be profitable.

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MoeBwonKinobi

Baics: Basics: 1. Technical Analysis a. Support & Resistance b. Supply & Demand 2. Patterns a. Tending b. Reversals 3. Candle Patterns a. Bottoming tail, Topping tails, Bullish/Bearish bars 4. Entries and Exits a. See 1, 2 & 3 5. Risk Management a. Not the how but the why! 6. Trade Management How to squeeze more out of my trades when they run.

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MoeBwonKinobi

It's been 4 months! Still Out of the draw down still working on entries and exits. Quit paper trading cause it's not helping my emotions. I paper traded for like 3 weeks and when I went live I was so anxious and I was only buying 1 or 2 stocks. So learned risk management is your friend. It's getting there.

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MoeBwonKinobi

Well it seem I am in a draw down!!! Can't seem to get my entries and exits right, keep getting stopped out. Need to review my journal and see what is going on. Back to Paper trading for a while....Until I see some consistency.

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MoeBwonKinobi

I didn't play today...I watched this one and couldn't find my entry so I chose to preserve my account. Don't be afraid not to trade...It's all about risk management.

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MoeBwonKinobi

Coming up on another month of being back, and man it's going great! Taking a year off and really studying and understanding the basics has helped. Now working on psychology of it. I realize now that I don't know what's going to happen, no one does. Just pick a strategy that works and perfect it. Perfect meaning entries and exits. The rest is probability (math) and if your risk management is intact... you'll make money! Discipline is the name of the game!

MoeBwonKinobi
MoeBwonKinobi Apr 29, 23 12:11 AM

Well so far so good! Read this book. Trading in the Zone by Mark Douglas. Follow the exercise and you will be amazed at the results. Master and I mean Master Risk Management.

MoeBwonKinobi
MoeBwonKinobi Apr 29, 23 12:13 AM

If you look at my Profit chart you will see the up tick. It's been 2 months and I have seen the difference.

MoeBwonKinobi
MoeBwonKinobi Apr 29, 23 12:13 AM

Follow Tim's Rules! He knows what he is talking about!!!

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