Gold Spot / U.S. DollarEducation
Can we create the strategy that can wining the market??
Hi guys, im guaddi min homie.
I will give you two options:
1. Have stable profits in the market on a regular basis
2. Get rich quick in a short time but potentially lose all your profits quickly
You will definitely choose the first option,right?. You've heard a lot of people make hundreds of thousands of dollars a day, but that's just the surface,maybe make a profit today, but the next day they will lose more than your profit. In fact, anyone can make money from trading but there are quite a few people who make a steady profit. When people enter their trades on impulse, they can make a profit for a while but can't make a profit in the long run.If you want to be a professional in trading, you must create your own trading strategy. Are professional traders good predictors of the future??? That's definitely not the case. We think we have to learn a lot of this, a lot of that, this indicator, this candlestick pattern To be able to accurately predict the next direction of the market. And of course that's not the case. The key of succes trading is the trading strategy have a good RR ratio and reasonable winrate with that RR. Or perhaps, in some cases your win rate can be very high along with the profit is also very large.
To create a stable trading strategy according to the price action method or indicator, the first job is to identify the trend. You can use moving averages or draw trendlines. You can refer to strategies on youtube, forums or create your own strategies with indicators, or simply just resistance, support,...Remember no one strategy can has a 100% win rate,like I said, the win rate is just enough and the RR rate is good.
I have a position with 100 USD account, if I win I get 1.5 USD if I lose I lose 1 USD but the win rate of this order is 50%,For every 100 orders like that, my average profit is 25 USD. However in trading, we can raise 50% win higher or 1.5 USD profit to 2 USD profit. You can set a fixed stop loss for example 2USD ,5USD and set the take profit 1.5 times the stop loss.Your risk should only be from 2-4% of your account. Doing so, in the short term you may lose, but in the long term, you will definitely make a profit.
I don't rate strategies with high win rate but low return/profit .I just need a strategy that has a 50% win rate with a RR ratio of 1/2 or 1/1.5
Your trading strategy may have a losing streak of up to 5 even 7, but your win rate is 50% with RR ratio 1/2.So in the long term you will never lose.Such losing streaks are extremely normal and you don't need to worry because you still have a long term advantage.
I have met people who every time they lose 2-3 in a row the emotional side kicks in and they start trying to develop a better strategy, despite having thoroughly tested their strategy and knowing that It is very beneficial.Because they don't stick to that really good strategy.
If you have created a really good strategy for yourself then congratulations, you have a formula for winning the market, all you need to do is be patient and patient,the ratio is quite high in the case that you should not break the trading principle(In cases, you will have to make decisions and those will help you to grow up), and remember just follow the trend.
See you in my other posts, thanks.
I will give you two options:
1. Have stable profits in the market on a regular basis
2. Get rich quick in a short time but potentially lose all your profits quickly
You will definitely choose the first option,right?. You've heard a lot of people make hundreds of thousands of dollars a day, but that's just the surface,maybe make a profit today, but the next day they will lose more than your profit. In fact, anyone can make money from trading but there are quite a few people who make a steady profit. When people enter their trades on impulse, they can make a profit for a while but can't make a profit in the long run.If you want to be a professional in trading, you must create your own trading strategy. Are professional traders good predictors of the future??? That's definitely not the case. We think we have to learn a lot of this, a lot of that, this indicator, this candlestick pattern To be able to accurately predict the next direction of the market. And of course that's not the case. The key of succes trading is the trading strategy have a good RR ratio and reasonable winrate with that RR. Or perhaps, in some cases your win rate can be very high along with the profit is also very large.
To create a stable trading strategy according to the price action method or indicator, the first job is to identify the trend. You can use moving averages or draw trendlines. You can refer to strategies on youtube, forums or create your own strategies with indicators, or simply just resistance, support,...Remember no one strategy can has a 100% win rate,like I said, the win rate is just enough and the RR rate is good.
I have a position with 100 USD account, if I win I get 1.5 USD if I lose I lose 1 USD but the win rate of this order is 50%,For every 100 orders like that, my average profit is 25 USD. However in trading, we can raise 50% win higher or 1.5 USD profit to 2 USD profit. You can set a fixed stop loss for example 2USD ,5USD and set the take profit 1.5 times the stop loss.Your risk should only be from 2-4% of your account. Doing so, in the short term you may lose, but in the long term, you will definitely make a profit.
I don't rate strategies with high win rate but low return/profit .I just need a strategy that has a 50% win rate with a RR ratio of 1/2 or 1/1.5
Your trading strategy may have a losing streak of up to 5 even 7, but your win rate is 50% with RR ratio 1/2.So in the long term you will never lose.Such losing streaks are extremely normal and you don't need to worry because you still have a long term advantage.
I have met people who every time they lose 2-3 in a row the emotional side kicks in and they start trying to develop a better strategy, despite having thoroughly tested their strategy and knowing that It is very beneficial.Because they don't stick to that really good strategy.
If you have created a really good strategy for yourself then congratulations, you have a formula for winning the market, all you need to do is be patient and patient,the ratio is quite high in the case that you should not break the trading principle(In cases, you will have to make decisions and those will help you to grow up), and remember just follow the trend.
See you in my other posts, thanks.
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