I think you are missing my point, which is that eradicating fear and anxiety is more important than money management. Again, see the section in 'New Market Wizards' referred to earlier.

What I learned after losing $300,000 trading forex

That is your experience, and if it works for you, my congratulations to you. My experience is different and, yes, it depends on personality. Have you read 'The New Market Wizards' by Jack Schwager? The section titled 'Zen and the Art of Trading' is ...

What I learned after losing $300,000 trading forex

Learning to trade profitably is not about capital protection. If it were, investing in a fixed income ETF, or something similar, would be the thing to do. Learning to trade profitably is about learning to lose. Most people are afraid of losing ...

What I learned after losing $300,000 trading forex

I can tell you that already - when it hits SMA200@1h or when SMA50@1h fails as resistance.

Trade the Dow/Dax

Haha no. It's more of a mindset. If you want to catch the big swings, you need to hold on. Sure, you get stopped out for peanuts every once in a while. But imagine catching every one of the big swings. Worth the occasional peanut ...

Trade the Dow/Dax

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Trade the Dow/Dax

Yup

Trade the Dow/Dax

Good afternoon, chaps Today seems like an "in-between" day of consolidation. I doubt that SMA100@1h will break, and if it does it'll be after the NY lunch hour. So a simple range play from high too low.

Trade the Dow/Dax

Not quite....The 0.25% envelope around SMA400 is a handy tool

Trade the Dow/Dax

Welcome back Yes, a lot of support, which to me means sloooow going to begin with. A couple of indications, to me, that things are heading further south are that SMA400@1m acted as resistance at 3.30pm. And SMA200 is about to cross down ...

Trade the Dow/Dax

Quite possibly, but I doubt that my stop will be taken out, or that it will venture much above 26200. Just now a predictable bounce off SMA50@1h, and my target is above lower Boll50 on 1h, which is my short-term target for today.

Trade the Dow/Dax

Further to that, DJI rarely spends a lot of time outside the 2% envelope around SMA50 (=SMA200@1h), and it always returns to SMA50 before continuation. So it should go to the 25500 area or thereabouts but, looking a at the bigger picture, I've ...

Trade the Dow/Dax

Never wrong taking profits, but looking at the 4 hour chart, there should be potential for more.

Trade the Dow/Dax

Agreed

Trade the Dow/Dax

And now probably a retracement up tomorrow, but maybe first a visit to 25000. Twt.

Trade the Dow/Dax

Told ya

Trade the Dow/Dax

Back into this range before one-way ticket south?

Trade the Dow/Dax

The Dow is now down more than a 1000 points from the top. This could mean that it's time for a breather soon. The boys tend to like big swings in multiples of 250. 25650 does look like a potential bottom. If so, look for retrace to 26100ish before ...

Trade the Dow/Dax

SMA13 on the 30m leading the way down.

Trade the Dow/Dax

A 40 period linear regression curve on the 5 minute chart provides clarity.

Trade the Dow/Dax