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From what I can see immediately you are using market orders for entry. Try limit orders instead. You may have to modify your entry critera but it is well worth it. This way you prevent slippage, chasing the market.
HEllo @maxmeier
would you care to share a chart with a summary of your method
for those of us that do not have access to a 30 year mentor,
one thing that has always stunned me is the talent on this forum YET who knows how many members are never able to make it as profitable traders when i have read time and time again there is NO substitute for a hands on mentor and there seem to be enough replying to just this thread alone, why is there no thread for mentoring, perhaps i should start one, who knows maybe a % of future profit scheme would be a nice way to repay the privileged opportunity,
anyway to the OP i have nothing to add that hasn't been said better other than it doesn't take years if you have a mentor but will if you do not have a structured process as some have advised you regardless of what type of chart you use AND hope you take up the mentoring offers you have on this thread
i'm bewildered as to why it was posted to ME & who knows maybe the entire forum
safe trading all
"If you believe you CAN, OR believe you CAN'T, you're RIGHT!"
If you put the keyword 'mentor' into the search box you will see that there are plenty of threads on the subject.
The % of profits promise in the future in exchange for free mentoring now sounds like a good idea on paper, but think about it: if the large majority of people trading don't make it, what would be the mentor's incentive to take up students, most of whom will turn out to be a waste of time for him/her?
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
Paying forward?
I actually have been thinking and planning about "traveling mentor" one-on-one to newbies for FREE during four months in the summer that I do not trade--first destination would be Florida, USA.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
I think the point of a "mentor" is firstly his process is profitable and is successful in his process to train someone to BECOME profitable, otherwise he shouldn't be called a mentor that said a forum would soon separate the real from the false. by means of recommendations from successful prodigies,
a potential prodigy will be able to present his case of why he would be worth training. and so on, may not be for everyone but why it hasn't been considered other than the many many bloggers and internet gurus claiming to train you where you become a number, in a forum such as this it could become a reverse pyramid,,,
1 teaches 1 then 2 teach 2 etc,
"If you believe you CAN, OR believe you CAN'T, you're RIGHT!"
Hi TraderTS thanks !
yes paying it forward, great words,
are you offering mentoring to people in the Florida region?? doesn't help me unless you are up for skyping or such, then as a potential prodigy my quest is are you profitable and what would the criteria be for a match between the two parties such as, scalper vrs swing to name one, etc
"If you believe you CAN, OR believe you CAN'T, you're RIGHT!"