Hey all, I'm looking to create a remote trading group of 3-5 dedicated traders who are focused on improving and to be here for a long time. If you are constantly blowing accounts and trying to retire rich in 6 months this group is NOT for you. I'm hoping to find individuals who are already putting in the work every day and genuinely want to develop their trading skills. Here’s what I’m looking for: Traders who dominantly use Price Action and Technical Analysis for their trading decisions (so we’re all on the same page with setup logic or at least understand what the others are doing/how they are thinking even if we trade in different ways) All skill levels are welcome, but you need to be committed and actively contributing to the group. You will be expected to contribute meaningfully to the group. If it feels like you’re more of a hindrance than helpful, you will be kindly told to leave. A bit about me: I trade every day during the Aus/Asian session and often come back for important economic releases and to trade the US open My main strategy revolves around entering on pullbacks in a trend, using reversals and breaks of price structure I’m still working on achieving consistency The markets I trade most often: XAUUSD XAUAUD I also trade some indices and forex occasionally, but I have currently narrowed my focus to only the gold markets while I'm figuring out the nuances of my setups Feel free to have a look at my recent Gold chart analysis thread: https://www.elitetrader.com/et/threads/gold-chart-analysis.382820/ I post charts each morning showing a top down view of what I'm seeing in the markets If this seems like something you are interested in, send me a message or reply here
I've never blown an account so I can't say for sure but when I see the same kind people going through a new account every few weeks it doesn't seem to matter what they trade, it seems to be the way they think about trading/approach the markets in general. In saying that, I don't tend to that well with fx, hence why I shifted my focus back to the gold markets where things seem to make a bit more sense to me.
While true, it has its limitations, which must be acknowledged. If you want to go fast go alone, if you want to go far go together. or if you prefer the original African proverb: "Alone a youth runs fast, with an elder slow, but together they go far."
Is going far good, is going the fastest good? Sometimes, if you know where you are going, you don't have to go far or fast if your destination is just around the corner.
Since I can't yet see around corners I think a hybrid approach seems reasonable. - "Consistently moving at a decent speed, in the right direction." I know where I want to go and I do my best to stay on what I think is the right path; but every now and again, that safe looking cave I go into turns out to be a lions den. I enjoy learning from my own mistakes but I'm not looking to re-invent the wheel out of stubbornness or a fear of asking for help.
Thanks Chef. How is your trading coming along? I think I remember you had positive results from your last backtest and were going back to optimize/refine the strategy bit more