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My challenge [on trading] after 13 years of consistent failure to make money is to convince myself that I can win. So much depends on it (not my personal well-being!).
Charles G.
What strategies do you use?
Way back 2009, I started with a local (Melbourne) acquaintance trading 5 minute charts. He seemed to know what he was talking about and claimed to be making money. He ran a 2 week course for his friends— some mutual and I tagged along. No charge. Nobody made $ but I had caught the bug. Then I used/tried Bill Poulos various intraday methods. Bought lots of his DVDs + book courses. Couldn’t win. Lost a few hundred grand. Then tried Justin Bennett (Daily Price Action). No luck. More losses. And there were one or two “cowboys” along the way and lots of books. All favoured trading with the trend as I recall. Their methods all had their names – some proprietary – but all used the standard terminology for candlestick patterns and trigger bars. About 20 months ago I was hit by a car while riding my motorcycle and that triggered a heart issue resulting in open heart surgery. Didn’t do much trading after that— lack of energy, memory issues but motivation after years of no success also plays its part I’m sure. I’m now “getting back on the horse”. Body is good – and hopefully the brain!
You probably didn’t need all that but, what the heck, this time we win!
I would ditch all of those trading “techniques” and go trend following.
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