I have been trading for a couple of years and still can not figure out what is the best day trading plan. I like 1 minute trading, but that seems to whip saw me to death, plus a MACD standard settings, and 2 SMA(20,50), and 1 EMA (10). One day I'm flying high next day is what the heck happend. Does everyone have this problem. I also journal my trades.
It should be an eye-opening experience. By the end it should be obvious what mistakes rookies make most, and therefore you should be more likely to avoid them.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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