Topic: Trading Journey (Read 231 times)

You should really be that focusing on what you are really that dealing on with, you cant just dive in with the market without having that proper preparation and this is something that recommended because people do usually rushing up on trying out to learn trading skills on which we know that this is something that cant happen in a short period of time. Trading journey isnt something that would be easy but doesnt mean that it wil lreally be impossible for someone to deal on with. There are really those times or moments that you will really be having that kind of boredom on dealing up with volatile market and thats why you do treat up sometimes on having that gambling approach. Trading results could neither be positive or negative on which it will really be basing up on how well you do make up some trades. Take it slow and never ever be in a rush so that you will not be that prone into tons of mistakes just like on what others those people been doing. You are really that prone into tons of errors if you do just basically making yourself having that kind of behavior. Trade according into your own pace and dont tend to make yourself getting in line with other traders on which you do saw that they are better than you. There's the right time for everyone who do able to handle themselves into this volatile space. It isnt really simple but it wont really be that impossible. They are really just that rushing up on making money and thats why they do end up with this kind of  behavior on the moment that they do trade.

There are risks involved in trading and you should keep special focus on the market conditions at each level where you need to target the initial level of selling which is the right time to buy. Here in failure are those who are afraid of losing their capital in investment and for them the trend of trading may not be positive. You have to take investment risks with patience and tolerant behavior and there should be firmness in every decision.

What happened this week was very unexpected.

I thought market was going to dump a little bit during the election but it was the other way around, and all the coins I was watching out for entries suddenly pumps like there's no tomorrow. I have no regrets though, it was a great experience for me, at least I know what to do next time.

Right now Bitcoin is currently at $80,000 and I'm looking forward for it to reach $90K this week or this month. I'm also hoping that Bitcoin dominance would dump below 50% so that Altcoin season can start already.

No, he didn't say that trading is easy but he forget to realize that 7 months of experience is already a lot. And you said you only start futures trading on March 28. We don't know what if you also/already have a long experience on doing normal trades or in spot trading? So that shouldn't surprised us anymore on why you are now doing well.

I think patience and discipline are not far from each other and then apart from them, there might still be others that are also needed. It's crazy that there are still people who continue even if they lack on it.

I think it was their greed or temptation that gets them. They aren't even contented that even if they already fail, they repeat the same sh*t again. Oh well, they already treated trading like a gambling even before because they only rely on their luck, so why not?

The same thing why gamblers keeps on coming back in the gambling field. They think that one day, they will hit it but they did not realize the losses that they incurred before getting it. What they are doing is not worth it and does not make any sense. If we have a good PnL ratio in trading, then that means we are doing better and so as our winning percentage.

The fact that you always check back to know your errors and the cause of your mistakes in trading will make you a better trader in the long run than some other traders who never track back on their errors.

Traders who backtest become more confident in their strategy going forward.

Keep an offline journal also, because offline journal's have been an important piece of material for every successful trader.

@OP, you are on track to becoming a successful trader, continue!

Yeah futures trading is full of challenges sometimes we ourselves are anxious to see the situation of our coin position going down when we are long and we know it is reversing and who is happy for them to short.
I don't want to be involved in futures trading anymore... It's quite risky and I'm not calm if I'm still involved in futures trading... the situation becomes indifferent, anxious because I see the market that has no development with the coin that is chosen.

This is the reason why most of the newbie traders losses a lot of money in trading, because of this kind of perception.

A certain strategy won't make you profitable in a very short period of time, it takes years to polish, and if you don't have the patient and discipline, I can say your funds will always gonna wiped out. And about the winning percentage, I can say that don't focus on it too much, what's important is your PnL.

And yes, I've made around $1000 way back August in just a week if I'm not mistaken, and lost that $1000 in the whole September because of overtrade.

Being able to leave my position open for as long as long as long as possible and being able to build the liquidity to keep my position far from liquidation that is the reason I choose to only trade bitcoin among every other coins in the market, and so long I can manage my risk and keep my portfolio following with some level of profits no matter how little a d on a consistent bases gives me the confidence to keep trading, no matter what the lessons that I have learnt in the past.

Also those lesson of the past is what make up for our experience of today, so regardless of what could be our ultimate goal for trading, being able to manage risk and build confidence in our trading position is what makes us experience and successful traders and this takes a lot of NG time to be achieved.

Doesnt matter whether he do make use of that FVG strategy only or whatever it would be, the key here is that he do able to make money or profits out of his trades. Just like on what others been elaborating on here is that neither doing futures or spot trading is never been that easy on which it will really be that requiring that knowledge that it is something that cant be obtained in a short period of time.

Price actions and fast reading up on charts will really be that much needed. My strategies will really be playing all the time on SnR and applying some FiB and some stochastic looking up for some divergence
when there's a possible pullback or trying out to have some bounce. A little bit mix of checking out some greed index and making up some timing on doing some swing trades.

@OP, if you are really that making that profits using up that strategy then stick into it. It isnt really just that only basing or depending into the strategy alone in speaking about profitability
yet there are other factors that do really affect out on profitability on which this one includes decision making and risks tolerance on when to make actions on a specific
time period.

If that's the case, the win rate that the FVG strategy you're talking about gives you is about a few percent, op? Does that mean that you only win more in the trading activity you do,
or are you saying that you always win and get profit at the moment?

Because if you only started this year on March 28, from this month on, are you saying that you have already made a big profit with this strategy OP?
Because most people know that trading in the field of crypto space is not easy to understand, most people here knew this.

One of the things that i do really like on dealing up with futues is on how fast you could be able to make profits on which it will really be basing up into the leverage that you had set out.
The only maximum that i do able to do is on 50x and going to 100x-125x is already that a gamble for me. If im quite sure about my positioning then i might consider out those numbers but for me
on which maximum 50x will be ideal. In regarding into the strategies that you would be applying then it will really be normal that there's some price action specially into those who are snipping out or
doing some scalping into their positions on which i could say that this one is also good or ideal if you are really that pro on snipping out profits on every move that does thethe market do makes out.

Dont give up if you do saw that you are really that making up some progress. There might be those moments or times that you do feel on quitting up but dont tend to make yourself that get hooked or decided up
on quitting on a short period of time or less efforts. There's no way that you could be able to call yourself a profressional futures trader if you are someone who doesnt have that kind of confidence on what you are doing.

Some people think they are knowledgeable but use low amount of money and go for higher leverage and continue to lose. I have been trading since 4 years ago, trading is very risky. It is easy to learn but not easy to make money from. It takes patience and excellent money management to understand how to make profit from trading.

Some people will lose and next make money from trading. They can profit and recover all their losses but later start to lose again. Some people will calculate their overall profit and loss and found out that they are losing.

I trade Bitcoin and altcoins.

As of now, since the Bitcoin dominance is pretty high, the trick that I'm using is that I always do some technical analysis on Bitcoin first to figure put the bias whenever I trade, because if Bitcoin pumps, altcoin pumps as well and vice versa.


I already experienced getting wiped out for several times too.

That's why I'm doing proper risk management this time. I don't risk more than 5% of my funds, it's always 5% or less depending on my appetite on how much I'm willing to lose in a certain day of trading. I also don't overtrade, I got wiped out last month from that very reason so I learned something about that.

Regarding about fair value gap (FVG) I believe you'll understand it more easily if you're going to check it on youtube, there's a lot of tutorials there.

And for the indicators, I'm just using EMA 50 and 200.

Mastering trading is not easy because it can play with one's emotions so bad that the person might even want to quit. I encountered many losses in trading when I initially started and I had to stop at some point before I decided to start again recently.

So far, what I have learned is that a trader should always be decisive of the percentage of profit they want to make from their trade so that once the profit is realized, they will not be greedy to stop the trade and take the profit.

Secondly, I think a trader should not expect to make all their profit in one trade, better to accumulate profit gradually rather than being too greedy and want to have everything all at once.

I just also started trading in futures again for the 4th time just last month (around mid-October), and I would agree with what you said that it's been a roller coaster ride.

2 weeks since I started, I made profit already and I already made around 20% from my initial capital, but that profit got wiped out because of the recent market correction that happened yesterday. My stop-loss got hit, and all of my profit was gone. I didn't stop though since I know that corrections like this is temporary hence, I'm waiting for a good entry again to go long. Good luck to us OP, and to those who are trading in futures as well. I know that trading in general is risky, but trading in futures is way risky that's why before I trade again, I tried my best to equip myself with more knowledge and then tried to trade again. I hope that I will be successful just like all the traders here.

For you OP, can I ask if what indicators are you using when you are trading in futures. Another question from me is that, can you please elaborate what Fair Value Gap is like I'm a Grade 5 pupil.

All I can say is, may you do this for a long time. So many people give up along the way because they weren't able to manager risk and blew off their accounts in no time. That why they are too afraid to do leverage trading and discourage other people from learning how to trade, claiming it's never going to work.

So many people get into leverage trading thinking they will make lost of money overnight and quickly. While this might happen, it's a rare case, but the most common case is one instead having their account liquidated. The goal is to stay in the game for months or years with a steady and sustainable stream of profits.

Good luck, this is a better introduction of someone who chose to trade in the futures rather than going with the typical path of spots and by simply holding. You seem to be composed and you're learning every time you're trading and losing. Having a concrete plan is actually good and you're on the right track. You're completely different from those that I have seen telling everyone that they have decided to trade futures but then, no clear path and plans on what they are wanting to do. And that's why if they ever want to trade and continue with futures, they're going to learn bigger than you who's got specific strategies and have already applied strategies on how it should go.

I am glad that you started this topic, I don't do future trading but the trading analysis is almost the same, can you mention few mistakes you learned like you think every new trader would be making them, Mine was not to setup TP and SL and I was to doubtful about the trades when in past I used to do, and I panic every time I saw loss, I learned if we see a trade making huge loss don't add more funds to it instead exit the trade with some funds left instead of losing all.
There are some investors who might take things for granted like some analysis that the OP will share and the reader take it as granted and afterwards he started to blame him so make himself secure from such blames writing these four words is not a big deal IMO what you think, BTW what's this TYOR it's my first time hearing it or I am forgetting about it.

What kind of trader are you? Bitcoin trader or you also go for some altcoins?

I can understand the reason why you discourage people. Because they can use high leverage and get liquidated at anytime. That is true because I remember when I started future trading, high leverage taught me lessons. The only people that are making money from future trading are people that are very patient. Using low leverage is very important.

But do you know that if the price increase far, it is a loss for people that go short position?

Futures trading is indeed challenging. I mean mixed emotions every situation experienced between getting profit and losing because the price drops far.
In your opinion, for the next few hours, which coin has a chance to make a profit if chosen. Why? because among us there are those who are experiencing the fate of always being in a state of failure.

Hmm, a good start-up really appreciated for the sake of the community.

DYOR is not a type of disclaimer that should be given or taken into account by a specific group of people it has nothing to do with your expertise it's for the funds, as if someone is risking his funds on someone else analysis he should be smart enough to double-check the entry and risk management precautions. Honestly, no one can be blamed for someone's loss the only one who can be blamed is himself.

For the rest, a small reminder from my side to my fellows to be careful with the future (I strongly discourage futures trading/leveraged trading).

I just started trading in futures again way back March 28, 2024 and I'll be honest, it is a roller coaster ride, and mixed emotions of course. I've tried a lot of strategies but I'm sticking with mastering FVG (fair value gap) alongside with other confirmations like candle stick patterns, price action, etc.

I don't know what's gonna happen but I have no plan on quitting. Each mistakes that I've made in the past few months taught me something that I could use in my trading journey in the long run.

So yeah, this thread is going to be my trading journal. Any questions regarding about trading in futures would be entertain as long as I know how to help anyone of you that is still struggling in their trading journey. I could also give insights or technical analysis, just ask.

Disclaimer: I'm not a pro so make sure always DYOR and TYOR. Any out of topic questions or opinions would be deleted.