DislikedHey guys, i'm a new trader that is new to this thread, well, i've been monitoring it since October but anyway. currently in phase 1 of a funded challenge for 10k, it was a huge 80$+ investment I made, which was way over my available capital. ( you can probably guess my approximate age with that ). Today I'm buying at 3971 targetting 3999, I hope similar trades were made because bullish momentum seems to be deadIgnored
Uhmm no, I can’t guess your age from that, but probably early 20s or even younger? How long have you been trading, if I may ask? And did you trade on demo? Do you have a specific strategy or direction you look at?
I can tell you this: strategy doesn’t really matter, and neither do the indicators you use or all your rules. Why not? Because it’s really about price action, recognizing key zones, looking at candles and wicks, and which zones are broken and held and which aren’t also looking at the past, where old support can become new resistance.
My opinion: the less you have on your chart, the better. The more you put on it, the worse. Too much on the chart is too much noise and distraction from what the market is actually telling you, because the whole picture tells a story. At the end of the day, someone with 10 indicators and 5 different working strategies is looking at the same zones as someone with a clean, indicator-free chart.
What really matters is risk management and psychology recognizing your emotions, admitting them, and learning from them.
Doing a 10K funded account now is rough because you’re new to trading, and the real emotions only start when you actually get that 10K account. You would’ve been better off putting $80 on a small live account and starting with EURUSD or another pair instead of gold. Why? Because suddenly you’re dealing with real money your own money and then you immediately see and feel your emotions.
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