A bit about me.
Why I mostly ignore Risk:Reward.
For my swing trades, I don't use a TP at all. There's just no reason to limit my upside. I limit my downside with a SL positioned at a point where I'm willing to reverse my trade. Ex: If I'm long, the
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Questions & Answers
Photon Trading Course
I've been trading for about 4 years and I bought the Photon Trading Course and I will admit it simplified trading on a theoretical basis... But I just keep losing trades. It's so disheartening considering that I don't really have anything else to turn
Lessons
Why more leverage doesn't automatically equal more risk.
More leverage is like a credit card with a higher limit, just because you have a higher amount you can borrow doesn't mean you actually have to use it. More leverage doesn't equal more risk unless you also increase your lot sizes. Margin trading allows traders
Lessons
Why the era of negative rates could return.
So, there’s been this popular idea floating around among central bankers since the inflation chaos post-COVID: everything’s changed for good. A lot of folks are convinced that we’ll never see zero interest rates or negative rates again, and that the neutral interest rate has gone up. But
News
News - November 1, 2024
OpenAI's ChatGPT Search Feature OpenAI recently added a search feature to ChatGPT, allowing it to pull info directly from the web. This helps users get up-to-date answers and quickly access recent news, events, and real-time information. Meta’s Robotic Hand That Can “Feel” Touch Meta, along with GelSight
Lessons
6 reasons to shift from “Why” to “What” and “How”.
In Forex trading, many new traders ask questions like, “Why did this currency pair move up?” or “Why did the market react this way?” While understanding the market's mechanics can be helpful, experienced traders often say that asking “why” is not as useful as asking “what” and “how.
Lessons
Tom Basso's Coin Flip Study
Most new traders put nearly all their energy into perfecting entry points. In fact, I'd say about 90% of their focus is on just that, which can cause them to miss the bigger picture. Way back in the '90s, Tom Basso and Van Tharp looked into this
News
News - October 31, 2024
Electronic Arts ($EA): "The Sims 4" gained 15 million new players this year, signaling significant growth in the game's popularity and engagement for EA. This rise in users suggests sustained interest and strong player retention in the popular life-simulation game. Starbucks ($SBUX): The new Starbucks CEO
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News - October 30, 2024
Unbanked Americans: Around 5% of Americans are still without a bank account, highlighting ongoing financial accessibility challenges. Reddit ($RDDT): Reddit reported a 68% revenue jump, suggesting strong advertising growth and community engagement. Google ($GOOGL): Google saw a 35% growth, driven primarily by increased demand for AI-related services. This underscores Google’
Questions & Answers
Grid trading?
For the grid machine EA , should I use a cent account cos in the comments in MQL5 , lots of blown accounts have been mentioned ? When using a grid EA you need to manage your lot sizes to avoid blowing accounts. Grid trading is NOT Martingale if done correctly. Then it&
Questions & Answers
Swing traders, which time frame do you use?
None. I ignore time entirely for swing trades because it doesn't matter. I'm not trying to force myself to get in and out of a trade intraday. If it takes 3 days, cool. If it takes 3 weeks, that's also cool. I don'
Questions & Answers
How many pairs do you trade in a day?
Currently, because there's always R&D work going on. Mean reversion: 10 with crypto, 8 without. Mean reversion gets trades on every pair, every day. Trend: 64 with crypto, 59 without. Trend isn't nearly as "bad" as it sounds though because my trend