How I approach trading:
Risk Management:
Starting Account Size:
Goal:
Every trade will be public...wins and losses
I will be looking to make my first trade(s) shortly and will show Entry level, Stop Loss and Target
NONE OF THIS CONSTITUTES FINANCIAL ADVICE
- Trading is a mostly psychological endeavor
- You will not WIN LONGTERM in trading until you WIN YOURSELF (i.e. master your emotions)
- I use Technical Analysis to help me determine overall Market Direction and Entry/Exit points
- I do not use ANY fundamental analysis in my trading
- I use Elliott Wave Theory to understand MARKET STRUCTURE
- I use a combination of Anchored Volume Weighted Average Price (AVWAP), Fixed Range Volume Point of Control (VPOC) and custom coded Momentum indicators to pinpoint Entry/Exit points
Risk Management:
- I will generally aim for 2%-5% percent stop loss but price structure will dictate as well
- Position sizing will be fluid
- Targets will be fluid but will generally target key Fib Extensions, VWAPs or VPOCs..or a combination of all of the above
Starting Account Size:
- $100
Goal:
- Grow a small $100 account to $1k then $10k then $100k
Every trade will be public...wins and losses
I will be looking to make my first trade(s) shortly and will show Entry level, Stop Loss and Target
NONE OF THIS CONSTITUTES FINANCIAL ADVICE
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