Go Get That Money!

[ivankiss]

Trade closed in profit.

3.8% growth.

[ivankiss]

Market in consolidation phase.

Waiting for a move, then responding.

Slightly biased to sell, but it's tricky, because the price is moving around a major support level. Tons of traps.

Patience.

[ivankiss]

Did not enter at a price where I wanted to, because there are some obvious manipulations going on. I let it slip.

Price went where I initially thought it would, but bounced back in a blink of an eye.

This particular chart looks like a horror movie.

Ugly, chaotic and choppy AF.

Market has been going sideways for quite some time now. 

Might consider trading something else, even though this pair is my favorite.

[ivankiss]

Position opened on Tuesday, 12:47PM.

Chart: 4hr

ATR: 8.2

Edited October 12, 2021 by ivankiss

[ivankiss]

Exited out of caution with a small profit.

Price is moving very aggressively. I looked away for a few minutes, and I missed my first exit point. I could've walked away with a nice profit in less than an hour.

I had an option to wait for the next move, but it seemed too risky.  Another reversal is very likely to happen.

Maybe I'm being a bit too timid, but it's understandable. I'm warming up after the break.

Waiting for the next opportunity now. Still no real confirmation on the trend. In these phases, scalping is the only option.

[ivankiss]

Re-bought the dip, letting it run a bit longer now. What happens - happens.

Kinda breaking my own rules here, but it might work in my favor. If not; another lesson learned the hard way.

[ivankiss]

Well, fuck me.

I was in big profit again, but did not monitor.

Was writing music.

Exited with a smaller profit, again. I could've taken 4 or 5 times this much.

I'm kinda bitching for no reason, since it was still a green day, but there are some obvious errors I need to work on.

I came to know the market and its tricks very well by now. I'm in tune with it. It's just that I'm getting in my own way.

I'm still not as serious about trading as I should be.

At least I wrote an epic riff or two...

[ivankiss]

Position opened on Wednesday, 12:47AM.

Chart: Daily 

ATR: 47.2

[ivankiss]

Trade closed with a loss. 

Lost all my profit + some of my initial deposit.

Yup. Definitely need to work on my system some more. It's not nearly bulletproof yet.

[ivankiss]

Technical analysis is pretty much on point.

Money management: requires some work.

Psychology: even more.

 

[ivankiss]

I'm giving my losers way too much time and space. And I close my winners way too early.

That's the main issue.

[Eren Eeager]

@ivankiss how much you are making from day trading? Also, are u trading with crypto?

[ivankiss]

13 minutes ago, Eren Eeager said:

how much you are making from day trading? 

Not answering questions like this here, sorry.

14 minutes ago, Eren Eeager said:

Also, are u trading with crypto?

No. I invest EUR, and trade currencies, metals and occasionally oil.

[ivankiss]

Very important note to self:

Read your trading rules every time before entering a trade. You think you have all the boxes checked, but you don't. 

Stop rushing. Meditate with the chart.

[ivankiss]

Btw, good call for exiting the trade.

It's still a bad loss, not a good loss, but at least it's not a disastrous loss.

Work on minimizing losses. Cut them early.

You know very damn well when you enter a bad trade. Stop being a pussy and take action on time. Stop giving away your power to the market. Keep control.

[ivankiss]

On 10/12/2021 at 0:49 PM, ivankiss said:

Position opened on Tuesday, 12:47PM.

Chart: 4hr

ATR: 8.2

If you were to stay in this trade, dear Ivan, your account would have grown over 30% by now.

Yes. That's right.

Hurts, doesn't it?

Stop exiting winning trades too soon, goddamnit! It's like you're literally saying 'no' to money.

[ivankiss]

Entered a trade yesterday, sometimes late at night. Woke up to my TP being hit. 

A fairly nice profit. Cca 3% growth.

I got this!

[ivankiss]

Beautiful trade over night. Woke up to a nice profit. Price already bounced back a bit, I could've extracted a few more pips, but I did not set a TP.

Still, I'm quite satisfied with the progress.