Thank you for the advice, I have thought about this subject in detail and I agree that 2% is too much for a beginner like me. I will definitely take your advice and start with risking 0.5% on a single trade which will help me to control my emotions. I will also keep in mind the idea of getting funding from prop trading companies once I achieve the skill. Thank you for taking the time to share your knowledge with me, it is greatly appreciated.
I am structuring my assimilation of Michael J. Huddleston's concepts by watching his videos on YouTube, taking detailed notes and backtesting the strategies he teaches. I understand that not everyone will agree with his methodologies and I have learned to ignore the negative comments and focus on the valuable information he provides. I am dedicated and committed to learning and implementing his concepts to improve my trading skills.
Well man, if you don't believe it or don't get it, let me put it this way: it's like trying to explain to a chicken why it's tasty to the fox. It's true and you're missing out! Sorry, I don't have the time to be a chicken translator. But my journey starts here.
OK. Now I understand better what is in your head. I see that you want to be a futures swing/position trader. And you want to work on - Money Management (risk management) - Method (price action ...) __________________________________ The 3Ms are : Mind Money Management Method All the 3Ms must be in good condition and must work together for us to be profitable.
Absolutely, the idea of the 3Ms (Mind, Money Management, and Method) being interdependent and crucial for success in trading is something that resonates with me. I have realized that my lack of a solid plan and strategy, as well as proper risk management, were some of the factors that led to my past losses in futures trading. I will definitely take this idea into consideration and work on developing a more specific plan and strategy, as well as researching and testing different approaches to risk management. Thank you for sharing this insight, it has been extremely valuable for me in my journey as a trader.
There’s a lot of content. I’m asking which series have you gone through and which one are you working on right now. “Ignore” as I reference it is a feature of this forum - a setting that you can activate per user. This setting keeps your energy from being drained by reading bs. “Block” is also another feature and setting and keeps your posts hidden from those those who are just gonna troll you. ET has some true gems but also a collection of salty traders with marginal performance - if they trade at all. They act like crabs in a bucket.
As a trader learning the price action strategy, I am currently reinforcing concepts such as order block, buy-side and sell-side liquidity, market structure change, fair value spread, and imbalance through backtesting to improve my trading strategy and help me achieve my goals. I am aware of the "Ignore" and "Block" features on this forum, and I am utilizing them to keep my energy from being drained by reading irrelevant content and to avoid being affected by trolls. I am not discouraged by this, as I believe that by staying focused on my studies and goals, I can achieve success as a trader. I am also aware that there are some true gems in the ET community, but also a collection of salty traders with marginal performance.