My Policiesdavid Downs' Trading Page

Posted By admin On 28/12/21

My Trading Rules My Collection A-F My Collection G-O My Collection P-Z My thanks page Newly Added Card Sharks Double Dare (Nickelodeon) Family Feud 1976-1995 Family Feud 1999-present Family Game Night Jeopardy! Match Game Password. The EUR/USD was simply trading in an upward channel, but heading right into a resistance level. Step 5: Make Non-Subjective Trading Rules for Trading Chart Patterns. The last step to build a chart pattern trading strategy is not just to have some non-subjective trading rules, but also writing them down and following your plan strictly.

My policiesdavid down

Research & development. When I find myself in a trading drawdown, I find diving into research very helpful. Research could mean conducting some backtests, reading a new trading book, reviewing old trading notes, anything to get my mind off the current challenges and into new ideas. Trading Simulators. For traders starting out, a trading simulator is the best free resource available. While a simulator won't replicate the emotional ups and downs of making and losing real money, it will let you know if your trading methods are sound or not. Simulations allow you to test your knowledge, strategies, and abilities without risk.

Hello everyone:

In this video (all talking in this one) I am gonna talk about my trading journey and experiences. All the ups and downs that I have been through in hope to give new and experienced traders a honest raw example of a trader’s journey.
Of course everyone learns and absorbs information differently, and I am sure there are people out there who didn’t have to go through the way I did, but I thought sharing my journey would help some of us who are still struggling to find consistency in trading.

So, a little bit about my trading journey:

Beginning Stage
-Not profitable the first 2+ years, gone through the roller coaster ride of a trader’s journey

-Start with S.R and indicators. Does work and makes profit, but doesn’t suit my personality.

-Was not consistent, some weeks in profit, some months in losses

-Made all the mistakes, wanted to give up and quit many times.

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-Had negative trading emotions, mindset, and no idea on trading psychology

-Not following the trading plan, no risk management

My policiesdavid down

-Over trading, over risking, revenge trading

-Emotional when I miss out potential runs of the market

-Blame the market on my losses

Turning Stage:

-Did not give up

-Admit all my mistakes, work on them, change them.

-Truthy admit you are in control of your trading account, not the market, strategies, mentors or other external factors

-Put in the time and effort, understand that this is something it can be your career for the next 30 years, what is it to you to put in a few years of hard work ?

Acknowledge the market will evolve and change, and we need to adapt as a trader

-Understand trading is a probability game, not right or wrong. I can be wrong, and won’t affect my emotions.

-Want to be the « house » rather than a « player » in a casino setting,

-Learn about price action and structures.

-Have no problem missing trades and profits, understand the abundance of opportunities in trading

-Follow my trading plans, make goals, back testing, forecasting, journaling

-Acknowledge my expectations in trading,
3:1 RR, 15-20 trades, 1% risk per trade, 35-40% strike rate (higher strike rate requires less R:R). Looking for consistent growth of accounts and capital

-Understand once you are consistent, there will be more opportunities and investors who are willing to let you trade

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-Continue to have a humble attitude in trading and market

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-Continue to learn and grow

So I hope I answer most of the questions that you have asked, but if you have additional questions on my journey and anything else, let me know below. 🙂

Thank you