Edgetracker
@Edgetrackerapp
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Refine your edge and take your trading to the next level with our fully automated trading journal!🚀
Joined August 2023
In trading, you have to be both willing to listen to the market and to change your mind about a position. Flexibility and responsiveness are critical.
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There’s only one piece of advice that you need in this business, or any other endeavour in your life, for that matter. Ask yourself everyday: “Am I acting like a cunt?” If the answer is yes, do something about it. ASAP.
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If you're trading any liquidity concepts and your only aim is to catch 1-minute BOS after an inducement/raid/sweep of high/low, then trendlines will be a better choice.
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Hell no!💀
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The tensions between Iran and Israel are already priced in. Keep that in mind.
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Economic literacy is a powerful weapon in the markets. The more you understand, the less you fear.
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Hard question!🚨 Is it possible for everyone to be profitable?
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I think alot of ICT traders fail to realize that people that don't trade ICT can also profitable 😂
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What is the crucial part for a great trading week if you are a veteran trader?🤔
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No, you don’t know the exact reason why the market went in that direction. Don’t be arrogant; the odds were just in your favor.😊 This is what trading is about. Don’t think you know something more, something secret. The goal is to be profitable, not right.💰
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5) Don’t lean on backtesting results too much. Backtesting is not your live performance. There are no slippage, spread, or commission factors. So if your backtesting results don’t have enough room for some percentage down, you need to improve your strategy and edge!
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3) Look back into your data and review them. If you don’t review your journal, you're wasting your time.
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2) Journal it or record it. If you don’t have data from it, why did you do it in the first place?
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🚨THREAD🚨 Quick backtesting tips: 1)You need to know what you want to backtest. It can be just finding out performance or refinements of the model, or further gathering data on your trading plan. But don’t backtest just for the sake of backtesting!
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The end of the week is slowly approaching. Use the weekend to reflect on your trading. 📝 Journal your trades, recap the market to see if you read it right, and prepare for the week ahead. If you find this time-consuming, be patient; we're coming with the solution! 😊
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