Think Like a Pro: How to Be Your Own Trading PsychologistEver Felt Like Your Worst Enemy in Trading? Here’s How to Overcome it!
Have you ever been in that moment where you're staring at the screen, and every fiber of your being is screaming, "This trade is going south," but you still hold on?
It’s like watching a train wreck in slow motion—except you’re the conductor, and somehow, you’re glued to your seat.What if you could turn that inner chaos into clarity?
Imagine becoming your own trading psychologist, mastering the mental game to transform your trading experience. It’s possible, and it’s within your reach.
The Mirror Doesn’t LieThe biggest challenges in your trading aren’t just the volatile markets or the unpredictable news— they’re the emotions that cloud your judgment. Fear, greed, hesitation, overconfidence— these emotions can lead you to make mistakes that are both costly and frustrating.
But here’s the key: the problem isn’t the emotions themselves, but how you manage them. Recognizing this can help you see the market—and your trades—in a completely new light.
The Secret Sauce: Self-AwarenessThe first step toward mastering your trading psychology is learning to recognize your triggers.
What sets you off? Is it a losing streak? A sudden market spike? Maybe just a stressful day.
Identifying these triggers is crucial to controlling your trading behavior.Once you recognize your triggers, managing them becomes much easier.
It’s like seeing a storm on the horizon—you can’t stop it, but you can definitely prepare for it.
Setting hard rules for when to step away from the screen, and more importantly, when to stay focused, can make all the difference in your trading results.
Actionable Tips: Turn Insight into Action
So, how can you apply this in a practical way?
Here are a few strategies that can help you take control of your trading psychology:
Journal Everything : Start by journaling not just your trades, but your thoughts and emotions before, during, and after each trade.
You’ll begin to see patterns emerge, showing when you might be about to go off the rails.
Mindful Breaks: Set timers to remind yourself to step away from the screen for a minute or two. This gives you the space you need to reset, especially when things get intense.
The “Pause” Button: Before entering a trade, take a moment to pause and ask yourself, “Am I acting out of emotion, or is this a rational decision?”
This simple act can prevent countless bad trades.
Create a Pre-Trade Routine: Just like athletes have pre-game rituals, creating a routine to get into the right headspace before trading can be incredibly beneficial.
This might involve reviewing your journal, setting goals for the session, or doing a quick mental check-in.
Don’t Go It Alone: Trading doesn’t have to be a solo journey. Platforms like TradingView are excellent for connecting with other traders.
Whether you’re joining a chat, reading other traders’ ideas, or commenting on their posts, engaging with the community can provide valuable insights and feedback.
Sometimes, the best advice comes from others who’ve been in your shoes and can help you see things from a different perspective.
The Result? A Psychological EdgeBy mastering your trading psychology, you can stop sabotaging yourself.
Instead of reacting impulsively to the market, you can respond with clarity and purpose.
The challenges of trading will still be there—this is the market, after all—but with the right mindset, you can turn them into opportunities.
If trading psychology has been a struggle for you, know that you’re not alone, and there’s a way forward.
By looking inward, recognizing your patterns, and applying a few simple strategies, you can gain the psychological edge you need to succeed.
Trading isn’t just about reading the market; it’s about understanding yourself. And once you master that, the possibilities for your trading are endless.
Let me know what you think below:)
Journaltrading
Down Trend continuation on XAUUSD - NOT A TRADE IDEAThis is my idea on the market currently , had a losing trade this morning, then hope in on a 1:3 RR trade that went smooth, and as we are confirming the downtrend continuation we can trend the correction and then go into the continuation from the last FVG on 5min.
I am not taking these trades marked but I want to check if the strategy is working outside of the time frame usually trading on, then let's market up and see how does the market react tho the following key levels
First Key Level was 2454.358 area we saw a good reaction from that Leve
Next Key Leve is 2459.921 area, let's see if it will be touched and if so , market will move into the downtrend direction.
this is my POV on the market 18/7/2024
PS : going today with a +1% , while still on a 2.7% drowdown :D
[EDU]How to Evaluate your 2023 Trade Journal and performance?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
To be a profitable, consistent and successful trader, I have yet seen anyone of them without a trading journal. This shows how important a trading journal is to a trader and the values it can bring to them.
So, without further ado, let's see what we should look at and take note of when we do our year end trading journal review (although this review,in a shorter format, be done on a weekly and monthly or quarterly basis)
Before you start we should look at what goals have you setup yourself for. It can be 1 -3 big goals you have for the year 2023. E.g. Hit specific $ for your PNL or improve on your win rate % etc.
Are there also minor goals that you have that you added along the way?
Then we can move on to our journal.
1. 1st we can have a bird's eye view of things :
Overall performance, some metrics that you should focus and look at,they are:
P&L
Win rate %
Expectancy
Profit factor
Average R multiple
Drawdown and max. drawdown
Sharpe ratio
Worst and Best trades
2. Looking deeper into things :
a. Look through all the trades you have done, do you come by noticeable pattern such on the wins and the losses. E.g. it can be you took more number of losses on Monday Morning, or you tend to close off positions without a valid reason to exit etc.
b. Filter through your trades to see what time or day you trade best, if any.
c. Look at your top 5 to 10 most profitable and most losses trades. Evaluate them in terms of:
> Why they end up as a loser/winner
> Are they align with your assumptions such as best winners come from your A+ setups etc.
> What are the things you did right for your best trades and what you did wrong for those losing trades. What you can improve on them or what you can continue doing things that went well.
3. Psychological resilience :
This is important part of the journal as well where you reflect on your psychology throughout the year. You should have it documented somewhere and you can evaluate how well you have managed emotions such as stress, and maintained discipline during periods of drawdown or winning steaks. What you have and have not done and what can be done better. But of course, you should have done it over the course of the year and summarize out some findings along the way.
4. Learning and development :
- Look back at the strategies you have on hands, which are your bread and butter setups and what new strategies or setups you have incorporated.
- Are there any market insights you acquired over the year, this should come handy to improve your edge in trading.
- Also do identify where are your further learning and development area that you can focus to improve your trading proficiency.
Finally, here's what I would like to share in the next sharing. I will be sharing how you can proper set goals for yourself and track them then improve consistently as a trader!So, yup, stay tuned!
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Mastering Success: Trading JournalsMastering Trading Success: Harnessing Key Performance Indicators (KPIs) for Informed Decision-Making
1. Introduction
In the dynamic world of trading, success is not just about making predictions but about making informed decisions backed by solid data. Key Performance Indicators (KPIs) serve as the compass that guides traders through the tumultuous seas of the market. These quantifiable measures allow traders to gauge the effectiveness of their strategies, manage risk, and adapt to the ever-changing market conditions.
The heart of this article lies in demystifying the critical KPIs that can transform raw trading data into a goldmine of insights. By incorporating these indicators into their journals, traders can unlock a higher level of analytical prowess, paving the way for improved decision-making and enhanced trading success. We will delve into the most pivotal KPIs, decipher their meanings, and provide a roadmap for integrating them into daily trading practices to help traders steer their efforts towards more profitable horizons.
2. Understanding KPIs in the Context of Trading
Within the realm of trading, Key Performance Indicators (KPIs) are akin to the vital signs in a medical checkup: they are objective, quantifiable metrics used to evaluate the performance and health of one's trading activities. In essence, KPIs are the statistical echoes of past trades, providing insights into the efficacy of strategies and decisions.
They act as navigational beacons, illuminating the path toward strategic refinement and tactical adjustments. By systematically tracking these indicators, traders can pinpoint areas of strength to capitalize on and weaknesses to address, ultimately influencing the critical decisions that shape their trading journey. KPIs are the silent auditors, continually assessing the outcome of each trade against the backdrop of set objectives and market conditions, thereby fostering a disciplined and data-driven approach to trading.
3. Common KPIs in Trading Journals
In the meticulous art of trading, maintaining a trading journal enriched with Key Performance Indicators (KPIs) is a critical practice for any serious trader. These KPIs serve as a statistical narrative of one's trading history, enabling a trader to evaluate their performance with precision and clarity. Let's delve into some common KPIs that are integral to a trader's journal:
Win/Loss Ratio: This KPI measures the number of winning trades against losing trades. A ratio greater than 1 indicates more wins than losses, suggesting a successful strategy, while a ratio less than 1 signals the need for strategy reassessment.
Average Win to Average Loss Ratio (R): Here, we look at the average size of wins compared to the average size of losses. An 'R' greater than 1 means the wins are larger than the losses, a desirable outcome for sustainable profitability.
Maximum Drawdown: This indicator reflects the largest peak-to-trough drop in account value over a specified period. It is a crucial measure of volatility and risk; lower drawdowns are preferred as they indicate less risk taken per trade.
Profit Factor: Calculated by dividing the total profits by total losses, the profit factor illustrates the relationship between profit and risk. A profit factor above 1 is favorable, indicating that the trading system generates more profit than loss.
Expectancy: Expectancy gives a trader an average value for how much a trade is likely to earn. It combines the win/loss ratio with the average win/loss size, offering a more comprehensive view of potential profitability.
By integrating and analyzing these KPIs in trading journals, traders gain invaluable insights into their trading performance. These metrics not only highlight the effectiveness of trading strategies but also shed light on the potential risk and reward associated with a trader's approach, ultimately guiding towards a more informed and strategic trading practice.
4. Calculating Key Trading KPIs
To gauge trading effectiveness, traders must be adept at calculating essential Key Performance Indicators (KPIs):
Win/Loss Ratio:
Formula: Win/Loss Ratio = Number of Winning Trades / Number of Losing Trades.
Example: 120 wins and 80 losses yield a ratio of 1.5.
Average Win to Average Loss Ratio (R):
Formula: R = (Total Profit from Wins / Number of Wins) / (Total Loss from Losses / Number of Losses).
Example: $12,000 profit from 120 wins and $8,000 loss from 80 losses results in R = 1.
Maximum Drawdown:
Formula: Maximum Drawdown = (Trough Value - Peak Value) / Peak Value.
Example: A decrease from $50,000 to $40,000 would be a -20% drawdown.
Profit Factor:
Formula: Profit Factor = Total Profit from Wins / Total Loss from Losses.
Example: $15,000 profit against $5,000 loss gives a profit factor of 3.
Expectancy:
Formula: Expectancy = (Win Ratio * Average Win) - (Loss Ratio * Average Loss).
Example: A win ratio of 0.6 and average win of $200, with a loss ratio of 0.4 and average loss of $100, leads to an expectancy of $80 per trade.
Through these KPIs, traders can quantitatively analyze their trading performance and identify areas for strategic improvement.
5. Integrating KPIs into Trading Journals
The integration of KPIs into trading journals is a pivotal step in transforming a simple record-keeping exercise into a strategic tool for performance enhancement. Here's how to effectively incorporate KPIs into a trading journal:
Journal Layout Design:
Create sections in your journal for each KPI, ensuring they are clearly labeled and consistently placed.
Design templates that automatically calculate and display KPIs from the inputted trade data.
Recording KPIs:
Establish a routine for recording trade details immediately after execution to ensure data accuracy.
Use automated tools or spreadsheet functions to calculate KPIs from the raw data to minimize errors and save time.
Updating KPIs:
Regularly review and update your KPIs to reflect new trades and changing market conditions.
Set periodic reviews (weekly, monthly, quarterly) to analyze KPI trends and make necessary adjustments to your trading approach.
Utilizing Technology:
Employ trading journal software that features built-in KPI tracking and analysis.
Utilize visual aids like charts and graphs within the journal to help visualize progress and patterns over time.
Incorporating KPIs into a trading journal shouldn't be a one-time setup but an ongoing process of refinement to align with trading goals and market dynamics. Effective recording and updating of these indicators can lead to a deeper understanding of one's trading habits, strategy effectiveness, and overall market approach.
6. Using KPIs to Refine Trading Strategies
Traders can harness KPIs to fine-tune their trading strategies by dissecting the performance data that these metrics provide:
Identifying Strengths: Positive KPIs, such as a high win/loss ratio or a profit factor greater than one, can pinpoint strategies that are working well. Traders should analyze the conditions under which these positive outcomes occur to replicate success in future trades.
Spotting Weaknesses: KPIs can also reveal areas of concern. For instance, a low average win to average loss ratio may suggest that while a trader wins often, the gains are too small, or a high drawdown could indicate excessive risk-taking.
Strategy Optimization: By continually monitoring these KPIs, traders can iteratively adjust their strategies. For example, if the expectancy is low, they may decide to tweak their entry criteria or risk management rules. If the win/loss ratio begins to decline, a trader might scrutinize their market analysis techniques to understand the shift.
Ultimately, KPIs act as a feedback loop for traders, providing factual evidence of what's working and what's not, guiding them towards a more systematic and profitable trading approach.
7. KPIs for Risk Management
KPIs are invaluable for managing and assessing risk in trading, helping to ensure a balanced risk-reward ratio:
Maximum Drawdown: This KPI helps traders understand the biggest loss they could experience. It's crucial for assessing how much capital could be at risk during adverse market conditions.
Risk/Reward Ratio: This metric compares the potential risk of a loss to the potential gain of a trade. A favorable risk/reward ratio is typically greater than 1, indicating that the potential upside outweighs the risk.
Sharpe Ratio: This KPI measures the performance of an investment compared to a risk-free asset, after adjusting for its risk. It's used to understand how much excess return is being received for the extra volatility endured by holding a riskier asset.
8. Common Pitfalls When Using KPIs
When utilizing KPIs in trading, certain pitfalls can lead to misjudgments and strategy misalignments:
Misunderstanding KPI Context: KPIs are not one-size-fits-all and must be interpreted within the context of the overall trading strategy and market conditions. Avoid relying on a single KPI without considering the bigger picture.
Over-Optimization: Traders sometimes tweak strategies to achieve perfect KPIs in historical data, which can lead to 'curve-fitting'—making the strategy less adaptable to future conditions.
Ignoring Qualitative Factors: KPIs are quantitative, but qualitative aspects like market news and trader intuition also play a crucial role.
To avoid these pitfalls:
Use a combination of KPIs to get a comprehensive view.
Validate strategies across different market conditions to avoid over-optimization.
Balance KPI analysis with qualitative market insights.
9. Advanced KPIs and Metrics
Beyond the basic KPIs utilized by most traders, there are advanced metrics that seasoned professionals often employ to gain deeper insights into their trading performance:
Sortino Ratio: Similar to the Sharpe Ratio but focusing solely on downside volatility, this metric helps traders understand the risk of substantial losses.
Calmar Ratio: This KPI compares the average annual compounded rate of return and the maximum drawdown, giving a perspective on return relative to the taken risk over a specified period.
Omega Ratio: It measures the probability of achieving a minimum acceptable return, providing a comprehensive risk-reward assessment.
Z-Score: Used to determine the statistical likelihood of a trade's results being a product of pure chance, which can be pivotal in distinguishing skill from luck.
Professional traders apply these advanced KPIs to fine-tune their strategies, manage risk more effectively, and separate successful tactics from those driven by market anomalies. The application of these metrics requires a deeper understanding of statistical analysis but can significantly enhance the decision-making process in trading.
10. Case Studies
Consider the case of a professional day trader who, over the course of a year, utilized various KPIs to tweak an algorithmic trading model. Initially, the trader enjoyed a high win/loss ratio, but a deep analysis revealed a skewed risk/reward ratio: the losses, although infrequent, were substantial. By examining the maximum drawdown and the Sharpe Ratio, it became evident that while the strategy was profitable, it was also high-risk, potentially unsustainable during market downturns.
To address this, the trader adjusted the algorithm to reduce position sizes and implement tighter stop-loss orders, aiming for a more favorable risk/reward ratio. The changes resulted in a slightly lower win/loss ratio but significantly improved the maximum drawdown and Sharpe Ratio, leading to a more resilient trading approach.
The key takeaway from this case study is the importance of not only tracking KPIs but also acting on the insights they provide. A holistic view of one's trading performance, taking into account both profitability and risk, is essential. This trader's experience underscores the necessity of continuous strategy evaluation and adjustment based on comprehensive KPI analysis to achieve long-term success in trading.
11. Tools and Resources for KPI Tracking
To effectively track and analyze KPIs, traders can utilize a range of tools and platforms:
Spreadsheets: Accessible and customizable, like Microsoft Excel or Google Sheets, suitable for traders who enjoy manual control over their data. However, they require a degree of proficiency and can be time-consuming.
Trading Software: Many trading platforms come with built-in analytics tools to track KPIs. Thinkorswim, TradingView, and MetaTrader offer robust analysis but can be complex for beginners.
Dedicated Journaling Apps: Edgewonk and TraderSync provide specialized functionalities for trade analysis, focusing on KPIs and performance improvement, though they come with a subscription fee.
Each tool offers unique benefits, from flexibility to depth of analysis, but traders must weigh these against ease of use, cost, and the learning curve involved.
12. Conclusion
In conclusion, the essence of our discourse on trading revolves around the strategic integration of Key Performance Indicators (KPIs). We've explored the core KPIs like win/loss ratio, average win to average loss ratio, maximum drawdown, profit factor, and expectancy, each serving as a beacon to illuminate the strengths and weaknesses in trading strategies. The methodologies for calculating, interpreting, and applying these KPIs have been demystified, emphasizing their role in refining strategies and managing risks. As you continue your trading journey, embedding these KPIs into your daily analysis will prove instrumental. They are not just metrics but the compass that guides you towards more informed decisions and sustainable success in the markets. Embrace these tools for they are the silent guardians of your trading discipline, the catalysts for continuous improvement and the architects of your trading growth.
Trading Success Through Journaling: Reflect, Learn & GrowHello traders, today we will talk about how journaling can be a really helpful tool for you in your trading journey. Journaling is a simple yet powerful tool that can help you gain insight into your mental and emotional state, identify patterns and triggers, and make more informed decisions. In this post, we'll explore how you can use journaling to improve your trading performance.
1. Reflect on your emotions: After each trade, take a moment to journal about your emotions during and after the trade. This can help you identify patterns in your emotional responses and provide insight into how certain emotions may affect your trading decisions.
2. Identify triggers: By journaling about specific events that preceded a trade, you can identify the triggers that lead to your emotional responses. This can help you take steps to manage your emotions before they affect your trading decisions.
3. Evaluate your decision-making: After each trade, take a moment to journal about the decision-making process you used. This can help you identify any biases or patterns in your decision-making that may be affecting your trading results.
4. Set goals and track progress: Use journaling to set goals for your trading and track your progress over time. This can help you stay motivated and focused on your long-term goals.
5. Increase self-awareness: Journaling can help you become more self-aware of your thoughts, feelings, and behaviors. This can help you identify any negative thought patterns and work to change them, which can lead to improved trading performance.
To make the most of journaling, you should be honest with yourself and write down what you truly feel and think. Journaling is a powerful tool for reflection, learning and making adjustments for the future.
It's important to note that journaling is not a standalone strategy, but rather it's a tool that can be used in conjunction with other analysis and indicators to inform trading decisions. Also, you don't need any specific equipment, just a pen and a notebook, and you can journal at any time.
In conclusion, journaling can be a powerful tool for traders looking to improve their performance and manage stress. By gaining insight into their mental and emotional state, traders can make more informed decisions and improve their overall trading results. Give it a try and see how it can help you in your trading journey.
I would love to hear about your own experiences with journaling in trading. Please feel free to share your thoughts, feedback, and tips in the comments section below. Your input and feedback is valuable to me and to the trading community!
XAUUSD W LONG LDN 082321LONG ENTRY:
1. HH HL Structure on LTF
2. Multiple rejection of 1777.222 level the past week
3. Break of trend-line
4. Break and retest of sub-minor support as seen on yellow zone
5. 4h strong bullish candle, hinting shifts in market sentiment
Confirmation Candle: Bullish Engulfing
Stop Loss: 30m Moving Average crossover + below sub-minor support highlighted in yellow.
USDJPY short idea (01-18-2019) USDJPY has been moving in a sideways manner in the mid term. With what it is showing, it seems the buyers are having a hard time breaking 110.2 price area. Thus, a minor pullback could be expected to the 109.7 - 109.5 price area before making a strong movement upwards. Price also made a short term double top reversal pattern along with a short term pullback, making the idea more probable. Failure to break 110.2 in the second rally could make the 108.15 region vulnerable again. A short position could be opened with the 1st tp area being 109.7 - 109.5 and the 2nd being the 108.15. All of these are mainly subjective and are open to comments and suggestions :)
we have a short signal for euro/cadtheres a couple things that i learned from the past month of trading.
i first started to journal around December and my trading changed drastically.
a couple of lessons that i learned were
- trust your analysis. : you need to love your ideas, you need to love your mind. fuck what other people say. you see things differently than other people. THERE IS NO RIGHT OR WRONG ANSWER. this is a probability game.
- set realistic targets and be aware of your emotions when you trade.
- trade in a physical environment where you thrive: i make some shitty decisions when i wake up out of bed and completely not in the zone.GET IN THE ZONE. treat yourself and your trading with care.
Exponential Moving Averages to Predict the Stock MarketI will like you to read the post to the end because the previous trading sessions of trading reflects unstable times and I will like to give you confidence as you trade in these times.
Let me jump into moving averages (MA) in this time of uncertainty. Markets are up 500 points, down 500 points, up 1000 points and down 1000 points. This is for those who trade with technical analysis which is a time tested trend principle method of trading the market.
In times of turbulence, the technical analysis tools tell us what to do, we are ahead of the volatility by using the tools especially in these times.
Moving Averages is the trend’s best friend forever as they are used to smooth out the trend and make it easier to see the big picture by making bare the predominant and current trend. The moving average can be used as a short cut in identifying the trend.
10 period moving average, 20-period moving average and 50-period moving average.
You can set up your moving averages from the indicator settings in the same way as I have listed above.
As the trend is moving up and down the line smoothens the trend by moving behind to smooth out the process. Few traders use solely the moving averages to trade.
The above are called Exponential Moving Averages (EMA) which I usually use in trading and set at the 10, 20, and 50 period EMA to identify short or intermediate term trends.
Some traders use the Simple Moving Averages (SMA) but they can be useful in long term trends and do not react as quick as the Exponential Moving Averages. All three EMAs can be used at the same time on the chart and used together.
The signs predicted by the EMAs are different hence why it is used together.
How to Use EMAs
Let me illustrate here that EMAs can be used for trend direction, as a Buy or Sell signal and as a support and Resistance which we discussed in a previous post and can be found here. It is as simple as mentioned.
For the trend direction, simply ask yourself if you are above or below the moving averages.
When the candlesticks are above the moving averages it means the trade is in a bullish trend, when the candlesticks are below the moving averages it means the trade is in a bearish trend and when the candlesticks are stuck in the middle or on the moving averages it is a neutral trade or called a sideways market.
Learn to notice the crosses of the moving averages in your trade chart.
When the moving averages crosses it depicts an opportunity, ideally all 3 moving averages crossing tells the trend is reversing and this is either a buy or sell signal.
A moving average crossing upwards signals a bullish trend and when moving averages cross downwards signals a bearish trend.
It is useful for a support and resistance when the candlestick trades up the moving averages is a resistance and down to moving averages is a support.
The EMAs can be used to trade fully without any other tool.
Examples of Moving Averages
APPLE – AAPL
See the Apple stock for example.
KITS
KITS is my acronym for Keep it Trade Simple. I have seen many Traders paste too many confusing indicators on the chart, loads of lines and it all becomes confusing. When you Keep it Trade Simple you cannot get it massively wrong.
How do you KITS? Play all your trade using a trade journal with a simple process I have used, simply analyse your trade, then choose a strategy, write down the plan such as your entry point, stop loss and a target; then measure against your plan – did you follow the plan or did your emotions get in the way and do I make any adjustment.
Next steps
I know the trading sessions have not been looking good and you may have lost some money but remember, they are all opportunities to enter into the market awaiting the next bullish or bearish run.
Trade the trend because the best days are still ahead
Let us stay calm and be prepared. Don’t forget to journal your trades
See you soon.
Shoot and Run ® - Day1Trade1Testing a Strategy Shoot and Run ®. (2nd week)
Tested last week with some success, here on TV Demo account, i have decided to keep testing it and to share the strategy this next week, this will allow me to create a "journal" of this trades to study.
I enjoyed last week, I hope to create interest in some of you, who are in the learning process like me, and testing things.
1. I'm using TradingView Trading Demo Platform;
2. I do not usually trade/invest stocks;
3. THIS IS A TEST;
4. Do not do this at home without the presence of your parents ;)
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Balance: 169779.06 // Equity: 169779.06
"Reset Paper Trading Account..."
Balance: 100000.00 // Equity: 100000.00 (Start again just for this test)
Default Units per position: 100
15 min charts
OK, taking into consideration the document from Reuters, which is below, (automatically updated daily), I set pre-orders to sell or buy these companies before the market open.
share.thomsonreuters.com - "The Day Ahead section"
There will be positions that will not be activated, other positions will come into unwanted territory very fast.
It never happened in the previous tests, but it can happen to go into loss or even a huge loss.
Positions will be closed manually "almost immediately" after its opening (those that do not reach targets, SL and TP).
Day1Trade1.
American International Group Inc
sell stop 64.11
stop loss 64.31
profit trgt 63.33
Have a nice week ahead!
open.spotify.com
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