Weekly Trade Recap: AUDUSD, AUD&NZDJPY, DOW 01-15-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
NZDJPY: Running about +2.5%
Full analysis/forecast:
AUDJPY: Running about +2%
Full analysis/forecast:
AUDUSD: Running about +2%
Full analysis/forecast:
US30: Running about +1%
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
DISCLAIMER:
-My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.
-There are many scammers & fakers impersonating me, my channels/platforms to scam people.
Be very careful as I will NEVER private/direct message you first no matter what.
Be alert of fake and scam channels showing unrealistic results and profits to sell you scams.
Journal
Weekly Trade Recap: DOW +1%, AU +1.4%, NJ +3%, AJ +0.6% 01-11-22Hello everyone:
Welcome to this week’s trading recap video.
I wasnt actively trading in the last 2 weeks of December 2021, but is back for our regular trading and recaps.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
NZDJPY: +3%
Full analysis/forecast:
AUDUSD: +1.4%
Full analysis/forecast:
AUDJPY: +0.6%
Full analysis/forecast:
US30: +1%
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
Jojo
Thank you ALL for the feedback, support and likes.
ITs your positive engagement that will motivate me to create more trading analysis, forecast, live streams updates, educational contents, and much more continuously in future.
DISCLAIMER:
-My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.
-There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first no matter what.
Studying The Worst Trades Will Change Your Trading Experience!I know it'll make you grimace but browse through your trading notebook for the worst deal you've ever had.
Examine the trading arrangement you observed. Consider what went wrong, and then ask yourself, "Why did I ever accept that trade in the first place?" "What was I thinking?". "Was I even thinking?" is a more pressing question.
That transaction was most likely taken automatically based on a familiar setting. Your judgment was based on your own thoughts rather than what the market was telling you in this situation. Your worst deal doesn't have to be the one in which you've lost the most money.
When you hesitate to accept what could have been your trade of the year, or when you lock in profits too early instead of letting it ride, it can be a squandered opportunity. You may have backed out because you were afraid of losing, even if the markets indicated that this next investment would be profitable.
Maybe you'll look back on your worst transaction and realize you did it because you grew so used to losing that you started mindlessly taking trade after trade to make up for your losses.
In this situation, you insisted that you were correct and that you would finally outperform the market. Remember that revenge trading may become a bad habit that can lead to big losses if not addressed. The typical reaction to disastrous deals is to just shrug them off.
It's simpler to bury the memory of a terrible transaction to the back of our minds, much like the memory of being rejected by crushes in high school (not that it happened to me all that often), and falsely comfort yourself that you'll prepare better next time, and then go on to the next deal. That isn't enough, though!
You must go deeply into the issue and go over every detail of your terrible deals. You run the danger of repeating your mistakes if you don't.
You must force yourself to open your trade notebook and ask yourself questions such, "Why did I do the deal?" no matter how difficult or unpleasant the effort is.
"Did I close my trade based on legitimate signals?"
You might be able to spot a negative trend in your behavior and take steps to remedy it if you force yourself to recognize the emotions you felt when you made poor trading selections.
It might be tough to break poor habits and trading practices, but it will get you one step closer to managing your emotions and becoming a better trader.
Even though the title says for all the newbies, this is applicable to all the market participants regardless of their experience. Remember, the sky is not the limit anymore!
Weekly Trade Recap: USDCAD, NZDCHF, AJ, NJ, NU Dec 12th 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
USDCAD: 2 positions closed down for +1.16% profit
Full analysis/forecast:
NZDCHF: 2 positions closed down for -1% loss
Full analysis/forecast:
NZDUSD: -1% loss
Full analysis/forecast:
Trades Enter From Previous Week That Closed Down This Week:
AUDJPY: -1% loss
Full analysis/forecast:
NZDJPY: +BE
Full analysis/forecast:
ETHUSD: 2 positions closed for BE
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Treat trading like a business or you might not succeedHello everyone:
Today I will go over 6 main points on why you should treat trading like a business in order to succeed in this industry.
1. Business will have busy seasons and slow seasons. But overhead expenses will remain the same. So not every month can be profitable, same with trading.
-Some months you can have more wins, some months you will have more losses. It's what you do on average for the whole quarter/year.
2. Record your win/lose trades like any businesses that has bookkeeping to record their revenue and expenses
-This is for you to keep track of your progress, results and find areas to improve. You must record your profits/losses so you can identify your result.
Refusing to do so is like a business that does not record their expenses and wondering why they spend so much $
3. In trading, YOU are the Owner/Director/CEO. If you are not putting in the time and effort like a top executive of a business, then it's unlikely you will succeed.
-Top executives don't just work 8 hours a day, 5 days a week. They put in way more hours than that to keep the business running, operational, and profitable.
4. No business starts out as profitable, they are likely to be in the “red” until years later when they can recover the losses and then some.
-Most businesses start up with debts, borrow money and loans. Don't expect to pay off all those in one year.
In trading you will likely incur losses in the beginning of your trading journey. Understand its a process all must go through in order to come up to the top.
5. Each and every year, businesses review their entire operation. Identify the mistakes they make, find solutions to their problems, create plans, visions and goals.
-Identify your mistakes by journaling your trades. Find areas to improve, whether that is your entry, SL/TP, Risk management, trading psychology, mindset/emotion.
Acknowledge your mistakes, drop your ego, work on overcoming your mistakes.
6. 90% of small businesses fail within 3 years, acknowledge the odds are not in your favour, but continue to put in time and effort. NEVER GIVE UP
-90-95% traders fail in time. You don't often hear about the traders who lose, but you often hear about the social media “guru” and scammers doing so well.
Trading is not a get rich quick scheme, nor is it easy. You have to continue to put in time and effort to succeed.
IT doesn't come instant, and those who can not commit to such, will not be able to continue trading consistently and sustainably.
Most important is, if you fail, get right back up. NEVER GIVE UP in trading, and NEVER GIVE UP in life.
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trade Recap: ETHUSD, USDCHF, NASDAQ, SPX Nov 28th 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
ETHUSD: 2 positions running for +3.2%
Full analysis/forecast:
USDCHF: 2 positions running for +3.7%
Full analysis/forecast:
NASDAQ: 2 positions closed down for +3.91%
Full analysis/forecast:
SPX: 2 positions closed down for +2%
Full analysis/forecast:
GBPCAD: Closed down for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trading Recap: EURAUD, GBPUSD, SOLUSD Nov 20th 2021Hello everyone:
Not many trades entered this week.
I was on vacation during the week so wasn't too active on the charts or in my community.
Will share these trade results from entry, SL/TP, management and overall analysis.
EURAUD:
Full analysis/forecast:
GBPUSD:
Full analysis/forecast:
SOLUSD:
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trading Recap: NU, NC. UJ, XAG, US30, US100 Nov 14th 2021Hello everyone:
I have been getting some hating and trolling comments/messages from some people on my recent trading result.
Sure I can admit last month and this month so far haven't had some good results, and I am not hiding away from that.
But I am well aware of how trading is in terms of consistency and sustainability.
I have been journaling and making trade recap on my trade results which I share publicly, honestly and transparently, so not worry about one losing month or 2.
Overall the year is certainly up and profitable, so it's during these periods of drawdowns and losing months we need to be extra cautious and don't fall into the trading psychological mistakes.
Do not revenge trade, over leverage, over risk and end up blowing accounts.
My sincere feedback to traders out there who are struggling.
Don't let social media fool you on how trading is.
You will never know if those scammers or fake gurus trade real, live $ accounts, or just show you demo account profits.
You will never know whether they take losses or not because they won't show you those to sell you a dream.
All consistent, professional traders will take losses, it's how we control our emotion, mindset and continue to let the probability play out in our favour for long terms.
NZDUSD: Out for +0.5% profit
Full analysis/forecast:
NZDCHF: Out for +0.5% profit
Full analysis/forecast:
SILVER: Out for BE
Full analysis/forecast:
USDJPY: Out for BE
Full analysis/forecast:
USDCAD: Out for -1% loss
Full analysis/forecast:
NASDAQ: Out for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
NFLX- POST TRADE ANALYSIS- JournalEveryone has different time horizons, goals, and trading strategies. It's essential to know the strategy of the person you are following. If they are a day-trader and you are a position trader, then their entries and exits won't make sense to you. I prefer to be a position-trader, but this current market has temporarily turned me into a swing-trader
One of the best ways to become a better trader is post-trade analysis. When I am on top of my game in a perfect world, I take a snap-shot of the chart when I put the trade on. And a snap-shot when I sell. If I don't have time to do this, I might want to choose a different hobby. :-)
Even though I was in profit on this one, I felt the chance of going higher did not outweigh the risk of a pull-back since it seemed extended to me.
I am happy with my decision.
10/21/2021 NFLX 652.1299
11/1/2021 NFLX 680.02
EDUCATIONAL PURPOSES; NOT INTENDED AS TRADING ADVICE.
Weekly Trading Recap: SILVER, EURGBP, UKOIL, DOW Nov 7th 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
SILVER: Running Position
Full analysis/forecast:
UKOIL: Out for +0.40% profit
Full analysis/forecast:
EURGBP: -1.00% loss
Full analysis/forecast:
US30(DOW): -1.00% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
5 Key Advices To Share With Trader Who Is Struggling In TradingHello everyone:
Lately many of you have messaged me about getting FOMO and entering trades without confirmations.
In addition you can't seem to “not” enter trades when the market hasn't shaped up to your strategy and entry criteria.
I am hoping in today’s educational video it can help some of you guys to get back on track.
I want to share 5 main pieces of advice that can help out traders who are currently struggling.
These are experiences and lessons that I accumulate throughout the 8 years of trading and in hope to help some of you who are struggling in your current journey of trading.
1. Do “NOT” think about get rich quick in trading
-Trading is a marathon, not a sprint
-90-95% traders fail due to a combination of: Greed, FOMO, mindset/emotion, risk management, trading psychology.
-Trading is not a get rich quick scheme, but it can produce consistent, sustainable passive income if you can put in the time and effort
-Most try to jump to the result right away, without going through the journey, that is not how life works.
2. No trading strategies, style, method can give you 100% strike rate
-Trading is probability, not right or wrong.
-Understand you can have the best strategy in the world, and still not be profitable.
- Technical, Fundamental, Algo, EA...etc can all not work. This is why risk management is important to not over risk, over trade, over leverage your trading account
3. Backtest and journal
-Backtest your strategy so your brain acknowledges and recognizes it over and over again.
-Slowly build up confidence in your strategy and method. IT will come to you like second nature
-Journal all your wins and losses so you can review them. Work on them, accept your mistakes to grow and improve.
4. Control your EGO
-Human beings have ego to prove others are wrong and they are right
-We refuse to admit we made the error/mistakes, and blame others/external as the cause.
-Acknowledge that in trading, stop blaming the market, the broker, the mentor, the strategy...etc.
-Don't take things personally and be offended by it.
5. Never Give Up
-I blew several accounts in the beginning of trading career, gave up and quit trading multiple times
-I always ended up coming back to trading. After taking time off. Whether that is weeks or months in the beginning journey.
-No one is born into a trader, just like no one is born into a doctor, lawyer.
-If trading was that easy, then everyone would be rich.
-Success is measure by how many times you get back up when you failed
I hope these pointers can help you guys to get more focus and get back on track in trading.
Any questions, comments or feedback welcome to let me know, thank you
Jojo
Below I will share others educational videos that have direct relations to the topics above:
Trading Psychology: How to deal & manage losses/consecutive losses in trading ?
Trading Psychology: Revenge Trading
Trading Psychology: Fear Of Missing Out
Trading Psychology: Over Leveraged Trading
Trading Psychology: Is there Stop Loss Hunting in Trading ? How to deal with it ?
Prevent Blowing an account by backtesting:
Risk Management 101
Weekly Trading Recap: NU, EU, EP, XAG, DOW, UKOIL Oct. 31 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
I have mostly losing trades this week and the end of the month.
Definitely not hiding it and acknowledge the losing month of this year. Certainly have room for improvement and reflections.
Some of the trades actually were in good profits but ended up reversing and left some profits on the table (EURUSD).
Some trades such as AUDNZD and GBPNZD from previous weeks went in the desired direction, but just didn't manage to be my full advantage as I followed my plan to exit accordingly.
The last week was emotional for me and I took a few more trades that did not end well.
I also closed down all the live trades such as Silver and Corn. Wanted to take a small break in between and get ready for November and the end of the year.
My trading psychology for the last 2 weeks was not good, dealing with external issues on social media and negativity on the internet.
But, no excuses here for me. Have to keep going and accept the mistakes that I made, and continue to work on the emotion and mindset here.
SILVER: 2 positions closed for +2.50% profit
Full analysis/forecast:
CORN: +1% profit
Full analysis/forecast:
EURGBP: Out for BE
Full analysis/forecast:
BCOUSD/UKOIL: Out for BE
Full analysis/forecast:
US30(DOW): -1.00% loss
Full analysis/forecast:
NZDUSD: -1.00% loss
Full analysis/forecast:
EURUSD - 4 entries all closed down with total of 0.20% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trading Recap: EURUSD ~(+4%), XAGUSD ~(+5%) Oct. 23 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
EURUSD: 2 positions running for +4% profit
Full analysis/forecast:
SILVER: 2 positions running for + 5% profit
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trading Recap: EURUSD, SILVER, GBPNZD, SOLANA Oct.17 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
EURUSD:
First Entry: Closed down for -1% loss
Second Entry: Running about +0.7% profit
Third Entry: Running about -0.3% loss
Full analysis/forecast:
SILVER: Running about +1.3% profit
Full analysis/forecast:
GBPNZD:
3 Entries closed down for -1.5% loss
Full analysis/forecast:
SOLANA: Closed down for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trading Recap: SILVER, SOLANA, GBPNZD, AUDNZD Oct 9 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
GBPNZD - Running about BE
Full analysis/forecast:
SOLANA - Running about -0.25%
Full analysis/forecast:
SILVER - Running about BE
Full analysis/forecast:
AUDNZD -
Initial Entry: Closed for +0.90% profit
Scale in Entry: Closed for -1.03% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trading Recap: AUDNZD October 2nd 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
AUDNZD -
First Entry: Running about +2%
Second Entry: BE
Third Entry: Running about BE
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
A Spy Trading Journal Plan is to take 5k margin into 75k. What could possible go wrong?
Mon 9:30 - 1k Liquid Monday Morning with 5k margin.
Tue 9:45 15m Regression Trend, Bought 1DTE Puts
Tue 12:00 - Sold Puts.
Wed 2:00 - Buy 10/1 calls & puts using illustrated R/R structure.
Plan is to sell 1/2 puts and ride a bounce to 443 by EOW.
Likely outcome, zero sum gain.
Levels are a combination of fintwits finest.
TSG nails chinas intent for Evergrande.
Dr.DJ spots imperial cruiser at 4430 gobbling up call premiums.
Croissant highlights JPM collar playing chicken with delta hedge.
My take on the next 2 days is 1-2% swings both ways.
It's high fear stare down with JPM collar EX 9/30.
ARKK is selling TSLA to cover record outflows.
JPow and band of merry men play hot potato with debt.
Could start taking on water at 425.
My plan is fuel a rocket (XLU, SPY CALLS), bring a parachute (SPY PUTS) and a life raft (UVXY collar).
Not a Financial Advisor. Not that there is anything wrong with that. Likely the worst non-advice you will read today!
Weekly Trading Recap GBPJPY, NASDAQ, EURAUD, GBPNZD Sept 25 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
GBPJPY: Exit for +3.12% profit
Full analysis/forecast:
NASDAQ: Exit for +2% profit
Full analysis/forecast:
EURAUD
First Entry: BE
Second Entry: -1% loss
Full analysis/forecast:
GBPNZD: Originally had the SL at BE, some slippage on the price during rollover. -0.5% loss
Full analysis/forecast:
AUDUSD: -1% loss
Full analysis/forecast:
CADJPY: Exit for +5% profit
Full analysis/forecast:
CHFJPY: Exit for +3% profit
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
Weekly Trading Recap: CHFJPY, CADJPY, EURJPY, NASDAQ Sep 18 2021
Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
CHFJPY: running +3% profit
Full analysis/forecast:
CADJPY:
First Entry -1% loss
Second Entry - running +3% profit
Full analysis/forecast:
EURJPY:
Out for +2.8% profit
Full analysis/forecast:
NASDAQ: 2 entries, closed down for total -2%
Full analysis/forecast:
USDJPY:
Out for -1.0% loss. Overall BE on 2 entries
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo