Topic: Is anyone using Price Action to trade full-time? (Read 297 times)
price action is a good trading strategy, i have been using it for some time to trade forex and it is efficient and reliable.
If you want to be a full time trader then you need to focus on trading. As much as you know about trading, you need to expand your knowledge. In other words, you need to make adequate understanding about trading, analyze the market and you need to understand the right time to take trade. That is, if you take a trade at any time, you will be able to profit.
There are some traders who take different trades only based on their guesses which result in them losing a lot later. If you take trading as your profession, you have to give your full attention to trading, maybe it will be a little difficult for you at first, but if you are patient, why do trading as your administration, then you can achieve a lot of success in life.
There are some traders who take different trades only based on their guesses which result in them losing a lot later. If you take trading as your profession, you have to give your full attention to trading, maybe it will be a little difficult for you at first, but if you are patient, why do trading as your administration, then you can achieve a lot of success in life.
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
I have'not use PA but there are many traders out there with the same method and goal as you. You can find other traders who use PA as their main method by joining trading forums, searching for trading groups on social media, or even asking for advice on trading related subreddits. It's also a good idea to build a network of fellow traders to exchange ideas and discuss strategies.Does anyone have the same method and goal as me?
I really admire OP for this. Because using a basic strategy or indicators or tools is always a good thing for me, as I am not a fan of too fancy technical analysis like there are a lot of lines or indicators on the chart.
I believe that basic indicators just like price action will really be effective, you just need to master them and have dedication.
I believe that basic indicators just like price action will really be effective, you just need to master them and have dedication.
It's great that you have found a trading strategy that works for you and that you have set a clear goal for yourself.
Keep studying and practicing your strategy, and always remember to approach trading with a level head and a long-term perspective.
Best of luck in your trading journey!
The market operations is just about finding the season and trading strategy that works for you, price actions are simply active than trends of the market. Finding comfort in trading is a goal for traders because they will stack up in profits at the end of the day. Traditional strategic are the requirements to be triggered before earnings, it whole a setup system for trading, I'm not going to adapt to a strategy and keep consistency doing it inother to perfect my confidence and formulation of it. Repetition of a particular trading strategy will give room reciprocated improvement and experience. Keep studying and practicing your strategy, and always remember to approach trading with a level head and a long-term perspective.
Best of luck in your trading journey!
I think if you want to master price action and be successful with it then you will need lots and lots of experience and that can’t be taught. You just need enough screen time and eventually you will get it. However keep in mind it will take years.
You won’t be an expert trader if you are only trading a few weeks or months. Just not enough to learn in that time. This is not a get rich quick business. You need to put a lot of time and effort to make it.
True, the PA strategy is not that easy and it is true that it takes longer to master it, yes, although other strategies also definitely take time to understand and master it. Price Actoin or known as Naked Trading does not require many indicators, this strategy only requires a few patterns, such as support and resistance and looking at the patterns that occur on the candlesticks. But sometimes the movement deceives us and doesn't match what we expected in the analysis we did. Looks simple indeed, but must be with adequate knowledge as well. You won’t be an expert trader if you are only trading a few weeks or months. Just not enough to learn in that time. This is not a get rich quick business. You need to put a lot of time and effort to make it.
There are many trading strategies, price action does produce good results. The problem you might face is that price action used in Forex or other instruments will not produce the same results in crypto.
Some adjustments are needed, which you will discover over time. Due to the current correlation to US indices, you can try carrying your price action strategies on the indices, which may perhaps reflect in crypto, eth and btc mainly.
If you are new to trading, crypto is probably the worse place to begin. Try forex pairs first and progress from there.
Some adjustments are needed, which you will discover over time. Due to the current correlation to US indices, you can try carrying your price action strategies on the indices, which may perhaps reflect in crypto, eth and btc mainly.
If you are new to trading, crypto is probably the worse place to begin. Try forex pairs first and progress from there.
Yes, there are lots of traders who use PA to trade full-time. Price action trading is a popular trading approach that involves analyzing the movement of prices on a chart to identify patterns and make trading decisions. It is based on the idea that price reflects all available market information, and that understanding price movements can provide valuable insights into market sentiment and future price movements. Successful full-time traders who use PA often have a deep understanding of market behavior and the ability to understand price movements and patterns with a high degree of accuracy. PA trading is highly risky.
It's great that you have found a trading strategy that works for you and that you have set a clear goal for yourself.
Keep studying and practicing your strategy, and always remember to approach trading with a level head and a long-term perspective.
Best of luck in your trading journey!
Keep studying and practicing your strategy, and always remember to approach trading with a level head and a long-term perspective.
Best of luck in your trading journey!
Sure so many people out there are price action traders some don't use indicators at all trading the markets.There are also others that are very good at using indicators it just depends on which one you are good at and which one gives you consistent profits.I used both price action like patterns and Bollinger bands indicators when trading the crypto-market.
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
Does anyone have the same method and goal as me?
Is that enough to give you all the profits you need as a trader, I am not sure if that is enough to a trader, when you rely on only one technique, it wouldn't be enough to guide you in some ways, there are some points that you will reach, you will become hook and to go further, it will be hard. Like during the bull run, price action don't matter because this are the times the whales pump coins the way they like and techniques don't work during that time, you have to put in the support and resistance before you can understand what is happeining with trading and other indicators.
Does anyone have the same method and goal as me?
I have another job at the moment, and being a full-time trader just isn't great for me. I've been trying to do day trading, running for almost a year. but I feel I am not that good at using multiple trading strategies. my last few losses have made me think about focusing more on Bitcoin investing.if you want to trade full time no matter what strategy you use. I suggest you discipline yourself in managing your money. in the sense of trading capital and your personal money. I have made mistakes in the past by not managing my finances well. wish you success with your choice.
Does anyone have the same method and goal as me?
I have another job at the moment, and being a full-time trader just isn't great for me. I've been trying to do day trading, running for almost a year. but I feel I am not that good at using multiple trading strategies. my last few losses have made me think about focusing more on Bitcoin investing.if you want to trade full time no matter what strategy you use. I suggest you discipline yourself in managing your money. in the sense of trading capital and your personal money. I have made mistakes in the past by not managing my finances well. wish you success with your choice.
I think if you want to master price action and be successful with it then you will need lots and lots of experience and that can’t be taught. You just need enough screen time and eventually you will get it. However keep in mind it will take years.
You won’t be an expert trader if you are only trading a few weeks or months. Just not enough to learn in that time. This is not a get rich quick business. You need to put a lot of time and effort to make it.
You won’t be an expert trader if you are only trading a few weeks or months. Just not enough to learn in that time. This is not a get rich quick business. You need to put a lot of time and effort to make it.
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
That can be a good strategy if you know how to maximize it, there are some indicators as well that can help you analyze the whole trend and by using PA alone, that might not be enough. Price trend can be a good one, just add a few indicator to know the oversold and overbought level because that is where the price usually retrace. Does anyone have the same method and goal as me?
i advice you to learn how to trade from professional trader first or you will keep losing you're money
i can recommend you to a person who will teach you how to start trading even if you're beginner
with no experience and he will teach you how he enters, exits and all aspects of trading it's not a course
it's A complete personal education You Will learn How To trade live in a zoom call And You can ask any question you have.
i can recommend you to a person who will teach you how to start trading even if you're beginner
with no experience and he will teach you how he enters, exits and all aspects of trading it's not a course
it's A complete personal education You Will learn How To trade live in a zoom call And You can ask any question you have.
The problem is not the strategy but it's about his mentality or attitude.
I do agree with this. Having the erroneous believe for always having to make profit and not giving in to losses too will make a trader jump from one strategy to the other thereby making more mistakes. It is better to build a commitment to our strategy because no strategy is perfect and every strategy has the potential for profit and for losses. We need the right kind of trading mentality and attitude which is there are profit taking and losses in trading business.
Do you want to become a full-time trader? Which means you want to fully depend on trading, isn't it? That is not advisable at all, you should have other business that you are doing. In trading, you need proper quality trades, this can be done or maximized if you have other things that you are doing other than trading. Trading is good if you go in the proper direction.
Well said and please think about this advice before quitting your job and jumping into trading full-time, if you have set aside some funds that will take care of you for like 6 months good because the stress that comes with trading is huge, forget all these twitter guru posting their trading journal on Twitter, there is one that I followed his live trading of recent to see truly how is his performing, I discovered, he is losing money, I was shocked. I am not saying you can't make it through trading but think about this very carefully and know that your skill-sets fit into this, emotionally, psycologically, finally and socially fit fo this
After researching many methods, failing many times, losing money many times,
Don't feel frustrated because trading is like that so you are not the only one in that outcome but if you have passion for trading then you will go on until you find a profit taking strategy.Maybe he just count the times that he lose but not the times when he won? He keeps on looking for another strategy or method thinking the one that he uses is not working anymore only because he failed one or two times but sometimes all we need to stick with it and maybe lower only the amount that we are placing.
Once we feel that our strategy is working fine again, that is the time to increase the amount that we are using in our trades. If he is not contented on some strategies that he is using, he will also feel bored on this new strategy that he found which is called price action once he feel that it's not really doing well. The problem is not the strategy but it's about his mentality or attitude.
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
In my opinion I think it will not be perfect for doing full time trading with using only one method. I wouldn't say full time trading is that kind of bad things because now a days many peoples are doing it professionally and also gaining a good amount of profit and it has also created a potential market in today's world. So I would consider this as a possible way. But trading is a very high-risky subject, everything changes in a moment in trading, so one type of method has not to be used every time. So I would advise you not to limit yourself to one method to become a full time successful trader. Does anyone have the same method and goal as me?
Jump to: