Measured move is most significant. Trades taken after measured move has -ve expectancy. Removed those trades and the system has +ve expectancy. Developed different entry+exit rules after measured move and got +ve expectancy, the trade frequency increased and thus the profitability. After that, most of work is on developing methodologies of direction analysis. Entry and exit is the easiest part.
When I first started trading, sticking to strict stop-loss limits and focusing on risk management were the rules that kept me in the game. As I gained experience, I learned to trust my instincts more and became more flexible with my strategies, adapting them to different market conditions. However, the discipline I built early on remained the foundation of my success.
Following up on my previous post about alcohol and trading, I’ve since cut back on drinking a lot. I now drink very rarely because it’s so important to keep a clear mind when trading. Staying sharp and focused is crucial in this business.
Earlier, when I was a beginner, I tried to trade with bonuses from different brokerage companies, mistakenly thinking that I could earn money on forex without my own investments)). But then I realized and saw that these bonuses have quite serious limitations, as well as terrible trading conditions, frequent slippage and terminal freezes. After all, no one will just give out bonuses so that you can comfortably trade and earn on them. Therefore, now it is more important for me that the broker does not give bonuses, but provides high-quality trading conditions, instant execution of orders, tight spreads, minimal commissions and stable operation of trading platforms, such as in exness and fxopen.
@Baron why do you allow Shine, this shilling twat-bot to promote these two buckets without at least having the decency to pay to spout this inane twaddle?
Same here! Stop-loss limits played a huge role in my journey too. Building that discipline early on made all the difference, and over time, I learned to adapt while still managing risk.
As I progressed, my rules definitely became more refined and realistic. At first, I was a little too eager to jump into trades, so I had to tighten up my risk management and get clearer on entry/exit points. I started respecting stop losses more and focused on patience, letting trades play out instead of rushing decisions.