Tag: strategy
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Mental Models for trading
I’m a big fan of Farnam Street and its Knowledge Project. Shane has captured a lot of different mental models, which can be used to make better decisions. I think this can also be applied to improve your trading. Within this article series, I will try to look into the most relevant mental models and…
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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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Profitable trading is boring
There is a major misconception around trading. If you look at Instagram or TikTok, it is full of “traders”, traveling the world with hot girls, while making a fortune on their phones / macs, posing with a Rolex, in front of the Lambo. Everything is new, shiny and exciting! The reality is slightly different. Profitable…