Trading Lessons in 2023
Looking back at 2023, I find that I wrote a lot of posts about trading and trading mentality. However, the big question is: Did I learn anything after writing about them? The answer is yes; I did learn a lot and corrected many mistakes I made, especially when FOMO and FUD kicked in. Nevertheless, there is still much more to learn because our minds play tricks on us both when we win and when we lose.
Risk management in leverage trading
We always need to do good risk management, and to do that we first need to assess what our goals are in our trading plan.
(Quota Loss / Positions)= Loss per trade [LPT] $50 / 5 (open positions) = $10
LPT / [Leverage x Stoploss(%)]= Margin
Example: x10 lev and 4% SL $10 / [ 10(lev) x 4%(SL)] = $25 (margin per trade)
X50 lev and 2% SL $10 / [ 50(lev) x 2%(SL)] = $10 (margin per trade)
How is the ROI time calculated Rule 72
An interesting way to calculation ROI.
The simple rule of 72 The rule is really simple you divide the number 72 by the interest or return an example if we had the same interests rates as last year's 0.1% we would need = 72 /0.1 = 720 years With interest rates at 4% X = 72 / 4 = 18 years And if you are asking if is it compounding the answer is yes the results are in only by compounding interest since it can only be used for exponential growth
Gaining An Edge Over Other Traders.
By Using those tools I certainly find my self ahead and i have become more profitable.
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Oversimplified Liquidation In Leverage Trading
Learn this the hard way.
5 Things To Always Have In Mind When Trading
I use that more and more every day because when you make them a routine it's always there.
Trading With Patience
It was so much easier to write this post than implement it but I believe i made a lot of progress!!
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Now some more technical post that I started using in my trading strategies after the summer.
Supply And Demand: How It affects Prices In Trading.
Market Traps
Leverage, futures , perpetual , open interest and funding rates
Trading-wise, it was a year filled with ups and downs. The last three months of the year brought in significant profits. However, I believe that 2024 will be the year in which I correct my mistakes. I plan to review everything I've written, assess what I have implemented, and identify areas for improvement.
Happy New Year Guys see you in 2024
Posted Using InLeo Alpha
Trading involves one to be very patient before opening a trade. That is after personal research.
Happy new year
Exactly! Happy new year!
It's nice learning from once mistake and correcting them. Mistakes makes us get stronger, wise and smart.
I will be looking forward to learn from you in this new year.
Happy new year!
Happy New Year 🎅🎄
All the best))))
Happy new year.
However, the big question is: Did I learn anything after writing about them?
Oh yes, always good to learn, but my problem is that at my age, I learn something today and tomorrow it's forgotten. I write notes and then they disappear to notes heaven !LOL
See you next year!
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haha. Well we always learn it's just getting harder harder as we grow older.
Yep! Life stops to be cake walk as one ages, and all of the recklessness's of one's youth returns to take revenge on one's body !LOL
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Happy New Year!
Happy new year.
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