Lost in Trading

Hi Fabienne!

Your story really resonates with me. I admire your determination to take control of your financial education despite your family's conservative views on trading. Like you, I'm new to this world and sometimes find it overwhelming to distinguish between legitimate advice and get-rich-quick schemes.

I'd love to follow your journey 😊

Happy to hear you’ve developed an interest in trading. Feel free to reach out whenever you have questions :)
If you want to test which strategy is right for you, backtest before you go in with real money. Test the strategy by following all the rules laid out in front of you. Don’t try and make the strategy work by being a little flexible with the rules or values. It’s gonna lead to bad habits and punish you in the long term.
Don’t follow someone’s advice just because he postet some nice results in Social Media. Trades and account statistics can be easily faked.
Investigate someone’s strategy by going through their track record on social media, do they use the same charts and references in their work? Do they continuously update their charts and stay consistent in their explanations or seem to adjust based on new market conditions.

Just like Bruce Lee said: „Absorb what is useful, discard what is useless and add what is specifically your own“

All of that is going to require some work and experience but by going through the charts and investigating many different strategies, you’ll see pattern repeat over and over again which is the first step to becoming a trader.

I recommend that people choose a pattern and start with it. ABCD patterns are easy to learn and it's best to look up the Wolfe Wave on Google. Then you should know what an RSI divergence is, for example.

I can help you too with free resources. I have been in the industry for years. I started by learning from free YT videos by Steven Hart (TTC) then did chart patterns (and I focused on 4 patterns only). After that I learnt about 10 bullish and bearish reversal candlesticks, support and resistance then boom I was trading. Of course in the first few days you will make money but later lose a lot until you work on your trading psychology. For me it brought up my childhood traumas I never dealt with the right way but instead suppressed. So until I dealt with them the right way I was never making any money despite my mastery of even the Wave Principle.

Hello! Have you seen Warrior Trading on YouTube? His videos are super excellent. He posts a new video every single day after each trading session he has and goes over his trades. Really good stuff!