Alex
@alextradesx
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Trader | Investor | Author I'll give you actionable insights on how to manage your trading better
Not financial advice
Joined October 2010
Assuming you're having a small kid, what would you suggest he/she should study? I genuinely don't know what's a future proof profession as we go through so many changes, year after year. Trading, accounting, finance, programming, law, everything can change in a matter of a few years.
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The money you lost is already gone. Don't ever chase it back, for it will never come back. I strongly believe this is the exact thing that's stopping you making profits. You can't accept the fact that you pressed a button and the money is gone. It takes time to build up the resilience towards it, and experience is the ultimate differentiator in trading.
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It's never a bad time to start trading, however, it's bad a time to have unrealistic expectations about trading. I will always say the same thing to you: Trading is a business, and even though you will have losing months, maybe years, it's very important to understand that this is how any business operates. You'd never expect a production factory to turn profit in the first year, are you?
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I will pause this 30-day challenge until 17th of February as I will have to travel and can't focus on trading for the coming week. Have a nice one!
Starting on Monday, I’ll be trading a Darwinex Zero account for 30 days as follows: Asset: German40 (DAX) Session: London session Strategy: Opening Range Breakout The goal of these 30 days will be to showcase how a simple strategy should be applied consistently each day. The reason why I chose this approach is because I have an entry every single day, more or less. I will be update you every single day as we go under this pinned post.
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Darwinex Zero Day 12 Trade: Short DAX @ 21501 Volume: 1 contract Result: -27 points / -$702.27
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You should be able to walk away from your screens when your trading. If you can't, maybe you're trading the wrong size.
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90% of becoming a a successful trader is: • sticking to your plan • increasing your capital slowly • trading consistently Don't complicate things.
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RT @alextradesx: 2 trades per week 50% Win-rate 2R on average $100,000 in funding Do the math 👇
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RT @alextradesx: No amount of money will ever change the fact that you can't respect your trading plan for 30 days straight.
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@MaJoMaTrading Ja, something like that My german is a bit rusty, but the way I define the opening range is the first 20-30 minutes.
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@kovalskyyfx Yeah, it does. Emotions stay the same, more or less, but you become immune to anything. That's a double edged sword right there
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