Category: Trading
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Boring Review – January 2023
January is over, and it is time to recap and gather statistics on my trade strategies. For simplicity, I call them The Boring Strategy 1 (TBS1) and 2 (TBS2). I trade it on two pairs – US30 (Dow Jones Industrial Average Index) and GBPUSD(British Pound / US Dollar, also known as “the cable”). As of…
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What does a realistic trading journey look like?
For many people, the first question when they start trading is, when do I become profitable? How long will it take? How many days do I have to trade to learn it? These are unfortunately questions that nobody will answer for you. And if someone says they will, they are likely trying to sell you…
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Trading is not predicting
Most new traders think they need to become some sort of a wizard and predict what the market will do. This strategy is doomed and will fail because it’s like trying to predict the future. Unless you have a time machine, I can only wish you good luck. Trading itself is so difficult because it…
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ChatGPT
Welcome back after a long break. Turns out maintaining habits is sometimes harder than one may think. Today I will start with something easy. ChatGPT. I am sure many of you have been playing with it already but how will it impact trading itself and the industry? First, let’s define what ChatGPT is and how…
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Every trade is atomic
All physicist scream now “THIS IS NOT WHAT ATOMIC MEANS”. Whatever ladies&gents. Welcome to my blog. Every trade you take is an independent event. It has nothing to do with the trade you took previously and it will have nothing to do with the next one. You take it because you want to pay the…
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What is this all about?
This blog is my attempt at explaining my thinking process when trading the markets (Forex and equities) and improving it as a result. I intend to write articles in a few categories (initially at least): Stuff about mindset, psychology and motivation as it is heavily underrated with most traders Risk management – as it is…