I think that a single, carefully chosen setup suffices. There's no need to grasp every nuance of a particular style's setups, for indeed, just one can be enough.
Once you've acquired that setup, take a deep breath, unfurl your chart, and select just one instrument. Commit to it, and don't glance at any others. Exercise patience, awaiting the appearance of your chosen setup, and then execute your trade. Subsequently, conclude your session and depart.
A solitary trade per week, yielding an average of 0.5%, translates to a monthly gain of 2%. Most traders fail to attain even this modest 2%. Did I say modest? No, 2% average a month is an incredible result, do not let yourself be fooled by gurus. Be content if you achieve it as, before earning 6 %, you will necessarily be earning 1% first. The key word is "earning".
Patterns, being fractal in nature, tend to manifest across various timeframes and price levels. You establish your trading timeframe.
Nonetheless, engaging in a single trade daily may exceed what most traders ought to undertake; it could be seen as excessive.
Ponder this notion. If you've previously struggled with trading, contemplate whether frequent trading enhances or diminishes your account balance in terms of profitable outcomes.
After a year of successful live trading you may have interest (maybe) in learning a second setup. Or maybe you want to diversify and invest in a second source of income, or just be with your family and friends.
I nearly overlooked concluding this post. I mentioned "simplicity." That's because the finest setups are beautifully uncomplicated and straightforward. They are so effortless that you may find yourself shedding tears of realization, wondering why you didn't notice them earlier. Simplicity is your ally, while intricacy and the pursuit of perfection are adversaries in the activity of trading.
Best regards.
Once you've acquired that setup, take a deep breath, unfurl your chart, and select just one instrument. Commit to it, and don't glance at any others. Exercise patience, awaiting the appearance of your chosen setup, and then execute your trade. Subsequently, conclude your session and depart.
A solitary trade per week, yielding an average of 0.5%, translates to a monthly gain of 2%. Most traders fail to attain even this modest 2%. Did I say modest? No, 2% average a month is an incredible result, do not let yourself be fooled by gurus. Be content if you achieve it as, before earning 6 %, you will necessarily be earning 1% first. The key word is "earning".
Patterns, being fractal in nature, tend to manifest across various timeframes and price levels. You establish your trading timeframe.
Nonetheless, engaging in a single trade daily may exceed what most traders ought to undertake; it could be seen as excessive.
Ponder this notion. If you've previously struggled with trading, contemplate whether frequent trading enhances or diminishes your account balance in terms of profitable outcomes.
After a year of successful live trading you may have interest (maybe) in learning a second setup. Or maybe you want to diversify and invest in a second source of income, or just be with your family and friends.
I nearly overlooked concluding this post. I mentioned "simplicity." That's because the finest setups are beautifully uncomplicated and straightforward. They are so effortless that you may find yourself shedding tears of realization, wondering why you didn't notice them earlier. Simplicity is your ally, while intricacy and the pursuit of perfection are adversaries in the activity of trading.
Best regards.
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