Posts de NewCityTrader

The worst trading advice you can get em Geral Aug 18, 2022 at 11:46

Lack of preparationI came across this advice today"You need to start trading. It doesn't matter if you know what you're doing or not, you'll figure it out later."No wonder that people lost their money when they get such advices!Which, in my opinion, **is really bad.** First of all, there's no logic - if all you need is just start, why so many do not succed?But most important, it's like telling the high school senior, *"it doesn't matter if you know what you're doing or not, just start doing surgeries, you'll figure it out later"*. What I want...

The only rules you need to start being a profitable trader em Novos Negociantes Aug 07, 2022 at 08:41

The growth of a trader is an exhausting journey. The market hits all the technical and psychological weaknesses we have one by one. It causes losses and painful emotions. It’s not easy to become profitable trader for suer!By technical unpreparedness, I mean a broader preparation for trading: in particular, for managing the sudden situations that can occur in the market. Most traders start by focusing on the promise that the markets make and neither want to nor know how to or think it is important: that the markets can take any money quickly.That’s usually the first painful lesson. ...

2 unexpected tools to help you mastered the system em Novos Negociantes Jul 19, 2022 at 13:11

Learn how to trade by following live tradingYou will accelerate your development as a trader by watching live trading or analyzing videos of how someone makes live decisions.Ideally, of course, it is the author of the trading system you are trading with or it is an experienced trader who plays with a system as similar as possible to yours.Traders who teach others don't talk about many things that are part of their decision-making process. You can only catch it live when they think out loud during analysis, entries, position management and trade exits.They don't hide information on...

Why do you make money trading on demo but not in real market? [Trading Q&A] em Geral Jul 16, 2022 at 08:04

Absolutely! That's the best summary of the issue.It is very important to learn on the system/strategy demo. Preferably to perfection. In this way, when trading live you will mainly be left with learning to control your emotions.One experienced trader I interviewed mentioned to me that 90% of beginner traders' problems are insufficient knowledge of the system/strategy. And 90% of experienced traders' problems are related to emotions.

Underestimated sources of stress in trading: non trading related stress em Negociantes Experientes Jul 16, 2022 at 07:59

What else can I say, that's true. Just as in any other job so in trading you need the right environment. Realizing this is already a step forward. You get there!

Why are some traders successful? em Geral Jul 16, 2022 at 07:55

Thank you for all your thoughts. Interesting points.EspeciallySomething may be at stake. From my experience working with traders, I know that on average a trader needs 2-3 years to achieve regularity of earnings. And 10k hours of work is about 4 years according to a standard 8-hour work day, but also taking into account vacations.And definitely yes, trading is not something that can be learned in a weekend from a few videos on the Internet. It's a profession and mastering it takes time and smart action.

[Trading Tips] How often trader should use stop-loss? em Geral Jul 15, 2022 at 07:01

Always.This is a basic requirement for keeping your deposit safe. Remember that anything can happen in the market and outside of it too!One example of common problems is a computer crash, power failure, internet failure. A colleague of mine almost lost a trade in this way, the Internet at home went down, he had to run to a neighbor and ask for Internet access. Since then, when trading, he has at least. 2 independent Internet connections + UPS for the computer + a charged phone with a number to the broker, so that he can close the position in case of emergency.Another example — a sudden p...

How to learn forex trading? em Geral Jul 03, 2022 at 06:16

“With interest I listen to your lectures. I have been trading on the stock market for several years with huge losses, there are also profits, but my portfolio is still zero. I move in the dark without adequate knowledge, I am self-taught, some things I do not understand or do not practice. It is hard to learn on my own. Please give me some advice on what to do first to learn forex trading?”I agree, that’s why it’s best to buy the best thing (training, mentoring, book, etc) you can afford. It just saves time! Although I also know traders, who have come to everything on t...

The future of Alternative Intelligence in trading em Geral Jul 01, 2022 at 13:01

Manual trading has been a thing of the past for years. Especially in large funds. It is based on automats, robots etc, and hybrid systems (not necessarily AI-based).But please explain why you think that AI systems will not be profitable?

Why do you make money trading on demo but not in real market? [Trading Q&A] em Geral Jul 01, 2022 at 13:00

Thank you for your thoughts!

The future of Alternative Intelligence in trading em Geral Jun 28, 2022 at 09:23

Oh yes, and it's happening pretty quickly. Soon, hybrid systems and hybrid teams become a standard for funds. It's interesting how the retail traders market will develop.

How trader’s mind works? em Novos Negociantes Jun 28, 2022 at 09:20

Yes, that's a good point.

How to deal with doubting the trading strategy and switching between systems? em Novos Negociantes Jun 26, 2022 at 05:52

“After a series of losses, doubt in the strategy appears and I change to another one. After which, the situation repeats again. And so on and so forth.”Losses cause discouragement and the search for another “reliable” trading system. But there is no such system :) There is no situation of certainty in the market. We enter the market and everything is in the hands of the market. We cannot change that. Trading is about managing uncertainty, managing risk. The system doesn’t take care of that, you’re always putting your money at risk, you never know what’...

How trader’s mind works? em Novos Negociantes Jun 22, 2022 at 08:54

In my experience of working with traders at all levels, it is clear that 90% of beginner traders' problems are due to poor system/strategy knowledge. Emotions at this level are just a result of that. Most emotional problems will disappear once you have mastered the strategy and tools. 90% of advanced traders' problems are psychological.

How to develop your own trading system? em Novos Negociantes Jun 21, 2022 at 06:16

I've got recently question like this… and I thought that I share my answer to you too so you can inspire…"I already have a lot of knowledge about the markets. I would like to develop my own trading system. I have been observing repeating patterns on the market for a long time. I am quite successful but I only trade on demo and I don't have the confidence to go live. I lack clear rules, which does not allow me to make a decision on live even with micro stakes. I don't have conclusive rules as to what the signal looks like because it could be something differe...

What creates an advantage of best traders? em Negociantes Experientes Jun 20, 2022 at 12:30

Very on point. Thank you!

What creates an advantage of best traders? em Negociantes Experientes Jun 20, 2022 at 12:29

Thank you for your thoughts! "I also think those with more money have a bit more of a safety net" that's very individual and it depends among other things on whether one has a financial safety cushion and what the trading style and capital management is - if it is risky, the trader can lose everything in one moment. This can be devastating. An additional element is the so-called trader's glass ceiling. At a certain level trader is not able to invest more. This is quite a serious problem for intermediate and even advanced traders.

Can you move the TP? Is it wise to move TP? em Geral Jun 20, 2022 at 12:24

Thak you for sharing this! Also, good job!

Why do you make money trading on demo but not in real market? [Trading Q&A] em Geral Jun 16, 2022 at 09:46

Thank you for your thoughts! Check out my profile for more, I post few times a week.

Why are some traders successful? em Geral Jun 16, 2022 at 09:45

Thank you for your thoughts! Check out my profile for more, I post few times a week.

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Posts por NewCityTrader