#006 Trust The Process DE30EUR Buy 1207SGT 17022025Buying DE30.
I am able to buy on Oanda now despite the market being closed now, I think it is because of some market maker privileges on Oanda's side, such as being the one who is taking the orders instead of pushing the orders to the live market.
I want to take DE30EUR on FTMO too, but I am not sure if I am able to enter on a Buy Limit or not. I will try.
Even if we are taking correlated pairs, ie. EURUSD which I have open positions from last week, and taking DE30EUR now which also has EUR in it, I think I will be ok as long as I keep my stop loss wide so that I would not get whipped out that easily.
And also another reason why I think it is ok is, I am not taking the positions together at the same time. Just like investing, you DCA regardless of if the market is your portfolio's favour or not, market highs or lows, etc. Due to this difference in time reason, their fate would be different, and we allow the fate of our positions to play out by giving it a huge enough stop loss.
-------------
TLDR; Buying DE30EUR despite us having positions in correlated pair, EURUSD, which we entered on last week.
We will be ok even if we take correlated pairs, due to two reasons.
1st - Our stop loss is wide, allowing us to ride the whips and waves and not getting closed out that easily.
2nd - Trade like a DCA investor. We buy when we need to, rather than timing the market. Eventually, our portfolio will work balance itself out.
--- Adding on before I post ---
We fail or pass doesn't matter, what we need is data. We could take both buy and sell on different accounts and be right one way or another. Even if our original strategy is a losing one, and we lose 70% of the time, we still made 70% on the other account.
And, if the winds of change blows in our favour, and our original account suddenly becomes a winning one, then, we make more than we lost.
I think that this is where the beauty of funded accounts come into play. But I am not getting one yet. I need to work on myself first.
Besides, not all funded accounts providers are good. Stick to the popular ones. But before that, prove to yourself that you are able to balance yourself while standing up straight during the storm on a small boat while holding onto a tray of drinks.
It's not that difficult, really.
Another thing to add is, people talk alot about techniques, how to time the markets etc. Don't spend too much time on those. Those are poisonous chicken soup(like, chicken soup for the soul, but poisonous).
You might be immune to poison, but you won't be thriving unless if you are a nepo kid or trust fund baby or have some unspoken conditions that help you keep your head above the water.
For every good to come, there are abundant of unspoken conditions that has to be met. That those who made it won't tell you. Or, they don't even realise.
Two persons of similar backgrounds, one succeeding and the other still barely surviving. Don't judge the succeeding one with thoughts like, they are hardworking etc too quickly(it might be true they are hardworking). Neither judge the one who is barely surviving too harshly.
Reason being, if the one who is succeeding has all the exact conditions that the barely surviving person has, they would also be stuck at where at the same exact place as the barely surviving one.
This fact about unspoken conditions, takes ton of suffering and immersive experiences on a day to day basis for years, decades, centuries and more brew and appreciate.
Just like those bone broth sold with boat noodles in Thailand. They just top up the broth, and doesn't wash the gigantic pot.
In western "language", its called, Rome isn't build in a single day.
1228SGT 17022025
