JGM Hedge (By jgmhedge)

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JGM Hedge Discussion

Jul 08, 2023 at 01:01
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1 Replies
Member Since Jul 07, 2023   2 posts
Jul 08, 2023 at 23:33 (edited Jul 08, 2023 at 23:33)
In trading, do not be interested in getting instant gratification. Unfortunately social media has adopted this mindset where that is a normal thing and you should pursue that. Investing in trading there is such a high degree of risk. You should not come into trading trying to double your account or having astronomical monthly, weekly or daily returns. Know that you are going to lose money as a novice, whether you learn with me or another mentor but you are gonna make money if you do the right things but that right things has to be a unique experience for you. Know the painful reality of trading is that everything happens because of you. If you lose money it is your fault, when you make money it is your victory. You will determine when you want a transition from a demo account into live account trading. Everybody want to live a fast life, everybody wants everything quick. Know that 99.99% of traders you see on social media makes so much money from teaching than actually trading. I am telling you that is the reality of it all but also the same guy that said that I don't need to do that and I am not trying to fleece you but you have to listen to the boring stuffs, you have to get through those monotonous rants where it feels like I should get to the point. The point is you are going to endure moments where it is going to feel like trading won't work. or you will have questions like why does not this concept work in this instance? I am trying to fortify you mentally to be able to endure that because that is where everybody quits. Everybody walk around with perpetual erections.
Trading is the most difficult way to make easy money
Member Since Jul 07, 2023   2 posts
Jul 13, 2023 at 09:43
On the weekly timeframe, it is evident
we are in an uptrend.
After the extension to the upside (continuation)
price mostly pullback I.E leg (C)
Approximately 44.1% - Mean for 38.2% and 50% Fibonacci
level.
I expect price to pull back within that range.
Expect a break of structure (D1 Candle close below
the wick of the last bullish candle) on the D1 TF then apply
your concepts to enjoy profits upon the retracement.
Before that, I am out!!! of GU.

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Trading is the most difficult way to make easy money
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