Here is why I’ve fallen in love with trading

Here is why I’ve fallen in love with trading and why it gives me that buzz.

 

It’s not about the money (of course that helps). But it’s a chase it’s a constant evaluation you are never there. There is always something else to learn or to see it’s a constant path that you keep chasing and keep just growing as a trader and I believe as a person too.

 

Trading has taught me many key elements in my life that where simple missing. For instance.

 

– Patience

– You’re not always right

– You have to believe in your self and what you do each and every time

– A failure is an option and that option is that you learn from it and grow and build a better platform to evade the same failure

and much more.

 

It gives me something to obsess over to keep my mind 100% occupied. It feeds my inner ADHD and keeps me focused and keeps that drive alive as you can always do better and also grow from it. Not better as in more money but fewer failures and more understanding of the whole scope of things.

 

Trading isn’t a thing you do. It’s a way of life. Trading in my eyes is a lifestyle.

BTC From A Investment Point.

My thoughts on BTC are. Well, it’s complicated. Places are banning the mining of it which is brilliant in a sense means less will be mined and people will start buying it instead of trying to mine it witch in turns puts volume into the market.

 

The problem is BTC is too high for people to buy into it. Everyone is looking for that lowest price as they want to catch the bottom. I honestly do suggest a bottom on BTC is very soon. Bitcoin isn’t recovering from anything. What happened was what happens to everything new. Look at the .com bubble. It blows right away from the “mean/normal” trading price and rockets and then slowly drops till a bottom is found. Normally a bottom is there when there is more buying volume than there can be selling. Hence the term support.

 

The BTC mean price for me is between 876.9 to 4892.9. I could see us playing down towards that area for the rest of the month and could see the beginning of mid-April when we start to see the said “recovery”. Remember people have to buy BTC for it to go up. And the main people buy it to either hide money from the tax man or to buy things or to even send to start trading into other coins.

 

From an investor trading perspective, I’d like to see BTC in that Mean price area and could see it back up around 19/18k USD by the end of the year for a breakout past the 20k USD mark at the near end or beginning of next year.

 

All that is need is one good bit of news and it will spark a buying spree for BTC. People are too scared to buy it at its current state.

 

As you can see from this chart. When something breaks out of the “mean” price as fast as this does an unsteady downtrend is expected back into the mean price or just above it using the top of the mean price as support.

Trading Advice #1

Q: Just wondered where you learnt FX, got an understanding, but just trying to get a strategy down.

A: It’s mixed some of it is my own experience and some are from a traders discord community I’ve set up. The best way I’ve learned to build a strategy is created a demo account and treat it as a real account in a manner but with unlimited money. Sounds strange I know. But it gave me the foundations to try and find what works for me. What works for me might not work for you. So you could possibly do the same. Also, I’ve learned you can’t have one fixed strategy you have to move with the market. Follow the flow of the market. Also doing research on what makes things move helps too. For instance, I trade GBP/USD. Now sometimes the dollar might be nice and weak but with euro strength that would be a good time to scalp. If the euro was also weak that would be good to do a long strategy.

Q: Tried a mixture, everyone says it’s the psychology, but that can only be worked on once a system or method is developed.

A: Psychology. The only Psychology is you make sure your ‘mistakes’ don’t make you quit trading. They will either make you find faults and make excuses or make you to decided to analyse what you did wrong and how you can maybe not screw up as much in the future. System and Method. I don’t believe in them fully. You have to move with the markets and be able to adapt to instant change like I said you have to learn to follow the flow. The way I look at charts is it’s like being in space. There is no gravity to hold it down so it just floats about like it wants too. And we use support and resistance lines as a place for it to bounce from and too. Also, a good bit of advice follow the smart money. Look at H4 and look for tell sighs of maybe this is an uptrend or a downtrend. Follow the smart money and it’s like picking apples from a very low tree

Traders Discord: https://discord.gg/gCjzBW5

BluFX Trade Of The Day 02-10-2017

As you can see below. I achieved the trade of the day with the BluFX broker on the GBP/JPY pair. Since I’m a new trader for me this is huge news. It’s a big achievement as it’s shown me that I am able to trade and if I learn from my mistakes and keep my rules in place that I’m able to make successful trades. Let’s just hope I can practice what I preach!

14 Trading Rules

Here are 14 rules to help you with trading.

1. Trading too high of a volume.
2. Being too hesitant when trading.
3. Looking at too small of a time frame.
4. Don’t chance the market/profit/pips.
5. Don’t put all volumes in one trade.
6. Not using Stop Loss. (Stop loss rules ADR 10-15% Scalping. 25-30% Day)
7. Entering trades when not at best price.
8. Don’t follow just any advice.
9. Too close of a Stop Loss.
10. Not doing chart analysis.
11. Wrong time frames.
12. Use the quick buy/sell little as possible.
13. Expecting too much of the market.
14. If it doesn’t meet your rules don’t take it

If you have any questions for me or suggestions please post them below. Also if you’d like to join the Discord community just click the link below.

Discord: Click Here

Stop Saying You’re Too Busy

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I’ve been listening/reading to Magic of Thinking Big by David Schwartz and in the book there is a small paragraph that says about you do have enough time. Weather you’re a CEO of a massive company or a worker we all have the same amount of time. The real difference is how we use it. Below just shows you how a normal work week can be. Of course, some people will have less time or some will have more depending on what they are doing.

– 24 hours/day =168 hrs/wk
– 50 hrs/wk at work +commuting time & 51 hrs/wk sleeping =101 hrs/wk
– 15 hrs/wk eating =116 hr/wk
– 24 hrs relaxing, reading, kids, exercise =140 total
– 4 hrs/wk community/church =144 hrs/wk

168 hrs. minus 144 hrs. equals 24 hours left in the week….

The first time i read this in the book i wrote down my work week. What i do with my time etc. And doing that showed me how much time i’m actually wasting doing nothing when i could be productive. I,e around the house or staying later in work to get that extra thing done. Trust me do you’re own work week like above and you will see where your time is going.

There Is 24 Hours In A Day

There is 24 hours in a day. You need to sleep for 8 of them that leaves 16 hours left, you work 12 hours of it and then you are left with 4 hours to eat, sleep and use the toilet. But what you have to remember is there is 24 hours in a week. That is 168 hours and then you have 56 hours of sleep and 84 hours to work and 28 to eat etc. So why are you rushing it when you have 84 hours out of the week to work? 84! Hours. That’s 84 hours a week of work. So stop rushing what you love todo and start taking your time and doing it correctly

Technology has not made us selfish

Let me just say this. This is bullshit.

Technology has not made us selfish. If anything technology has made the human race who we actually are. We are selfish. We are programmed to survive and programmed to have the best life and we will do what we have to do to achieve that. Want to tackle the main reason why we look at our phones and not talk to people. Because people will know. You can’t be hurt just looking at a phone. You can connect to people who actually understand you.

You see the world WE live in is a world that we have created. The world we have created is that we hide our problems and our thoughts. We just sit there while the people around us look at our phones. What happened to communication. Nothing happen it just moved to a phone. It just moved to the point where people don’t say anything anymore.

Let me ask you. When was the last time you where talking to someone and they just started messing around on there phone. Did you say that’s rude? Nope of course you didn’t. See technology hasn’t over taken us. What’s happened is technology has made us loose our manners. If you’re having a conversation with someone or having dinner. How come it’s okay to get your phone out but it’s not okay to just walk off and go spend the night some where else? How come when you’re talking to someone and there phone rings why is it not rude to pick the phone up and talk to that person. Oh wait it is rude but people still do it. Technology hasn’t over taken us. Technology has made us forget our morels and right and also manners.

But I’m In A Way Scared Of What Point Apple Will Reach

Looking forward to this event. But i’m in a way scared of what point Apple will reach. They are worth nearly a trillion dollars. That’s more than anyone of us can even think about. At what point to Apple end up running everything. If Apple are the most valuable company at what point do they join the Government and end up running almost anything. They have enough money to make or create anything they want.

For instance if they wanted to create cars they could just buy tesla and they wound’t even notice the bank balance change. If they wanted to run the internet they could. If Apple made web hosting and domains. I know for fact a lot of people would move over there. Me being one, because it means it would sync and be so easy to use across Apple devices. People say Google or Facebook are trying to take over the internet. It not them it’s Apple. If Apple created a social network like Facebook or twitter or even Google+. There would be so many people using it. Look at iMessenger at the beginning people thought it would just be like BBM, be massive then flop like hell. But now everyone has got so used to using it it’s because that’s Apple’s main way of messaging. I know a lot of what i’m saying might sound like random bullshit.

But just think. It could actually happen. Google isn’t SkyNet in disguise. Apple is. If Apple are taking over the smartphone market. They are pushing out numbers that any company would love to have. Even when Apple are making a loss in there public announcement they are better than any standards that any profiting company could wish to make.

Apple of course have reached this point because they do truly release products witch are good and last very long. There quality and craftsmanship is nothing you can compare too. But at what point are Apple going to end. They are on track record to becoming the first ever trillion dollar company. At what point do Apple just say. Well we have this much money. You know what we will do is just buy every company that people use and is best in that market. Before we know it Apple will own everything. They will become that standard in that market place. If we are not carful Apple will become King and Queen.

How much more information do you allow Apple to have over Facebook? Apple have your debit/credit card. Your search history. Apple have more information about you than Facebook and Google put together. Apple could buy Facebook, then we would have iBook. But in honesty. Even the FCC couldn’t stop Apple. Apple have enough money to hire people to make it look like Apple is doing the best thing since sliced bread to the FCC. Apple are going to become the super power. I know they are, and i’m bold enough to say it. We are not going to have SkyNet we’re going to have iNet.

There’s A Whole Different World Out There

It’s 4:34am right now and I can’t sleep. Most likely have something to do with now waking up till 3:30pm yesterday. My heads thinking. I call it thinking mode and instead of wasting it. I though I’d just draft some blog posts while I’m awake and on my phone. So the hole point of this blog post is really to help me get to sleep.

I’ve been thinking about the world about how it feels really wired. I’ve been on holiday to majorca and kos but there is so many other places I’d live to visit and it’s just like. Why can’t I go there right now. But they are so far away. You don’t realise how massive this earth is untill you want to go some where. I was watching a program it was “wheeler dealers trading up” and he was in Australia and I didn’t realise how massive it was. It was 400+ miles to get from a to b. That’s like going from Carlisle to Birmingham. And just to think that’s a tiny bit of Australia. Just shows how small the UK island is as a hole really.

There are so many places I want to visit. Here is my list of where I want to go. Don’t forget to comment down below where you want to go.

1. New Zealand
2. LA, Las Vegas, California and New York
3. Greenland
4. Iceland
5. Sweden
6. Austria
7. Dubai

Actually I could write a list till I fall asleep. I just want to tour the world. I’m a massive fan of different cultures. For instance you and your neighbour do things differently. And sometimes it’s a real good eye opener to be able to do things better and quicker and just see it all from a different angle. I think that’s why I’d love to travel to see all the different cultures and learn so much from them too. I hope one day I can travel the world. I hope I get lucky enough todo that one day. Hopefully that dream will become a reality. Anyways that’s that blog post over. Cya in the next one 🙂