Dao Minh Duc / 프로필

Hi all
I have received a question about the break-out strategy, which is also my strategy.
I want to share a little about the break-out strategy; maybe some new people don't know.
He asked me if the price moved to the TP level and returned to the entry, and why I didn't place a new order because he saw some time the price go and TP again.
For example in the buy order, when the buy order opens it means at this time there are many buyers come and push the price going up after that the price goes down, the question is why? Because the seller comes and pushes price down, and the buyer also TP at that price area. This is the break out strategy.
In case the price goes down and some say test trend line or test the SR ,sth like that, and you put a limit order there, its an different strategy. At this time the trader hope that the buyer will come and the price up again is not breaking out,sth like you try to bottom fishing despite you following the trend.
So what we need is to wait for the price to go down enough and the buyer to come again.
The trader is not a job for the impatient.

Hi all
The Equity I recommend in copying my signal is more than USD 500; the better is USD 1000.
If lower than it, you will lose the copy fee and the VPS rent fee.
I CAN NOT make the growth more than 20% every month; it's impossible.
If you have less than USD 2000, You can consider changing to another signal from me in a different system.
I have started a signal in CTrader. You can check it in the link
https://ct.icmarkets.com/copy/strategy/51428
Or search the name : DavidMinhDuc
No monthly fee and No VPS fee.
Suitable for people who have low equity

To be successful in the market, you need to have some aptitude.

1. Explore and learn.
Learning, improving, and practicing your skills would be best.

2. Control yourself well.
Emotions will significantly affect trading results. You must keep "a hot head and a cold heart to achieve good trading results."

3. Trading requires more patience than agility.
Most of the time, traders only do one thing, which is to wait.
When the trend is not clear, wait until it is clear. When the direction is clear, wait until a better entry time.
When there is a better entry point, you have to wait for a confirmation signal, and even when you have entered the order, the trader still has to wait for the signal to exit the market.
If you are an impatient person, then trading is not for you.

4. Follow the rules.
This is one of the most important factors to help traders survive in the market. If you can't follow the essential principles, don't trade.

5. Accept losses as part of the game.

''No one wins forever, no one loses forever.''
6. There is no right or wrong here; because each person chooses a different investment style, it is normal to have different views.

It is important that the style you choose to invest in must match your personality, finance, knowledge...

From there, it will decide when to buy and sell.

-st-

Ego in trading

What exactly is the ego in trading? Is it greed, hatred, and fear?
It is something that we hardly beat ourselves, especially in financial and trading games.
Suppose: If I hold a brick, throw it at your new car. Then indeed, at this moment, your ego rises. Your ego is now heavily placed on that car, and you may immediately retaliate against me.
If you are my neighbor and I dump trash in your yard, you will surely immediately retaliate against me because at this moment, the ego, the ego you put in that yard.
Thus, in financial transactions, we all put the ego; the ego is MONEY.
It sounds ridiculous because trading to make MONEY without putting in MONEY, what do you put in? Yes, it is silly and absurd, but this is the critical factor to give birth to a series of egos, the rising ego, and also the weakness that makes many accounts share 5 and 7 as well as accounts.
When you put your ego on MONEY, you will appear Joy, Anger, Love, and Hate it; when the market takes some money from you, you immediately want to respond to the market (like my example above). When we put much MONEY, we are in triviṣa "Moha; Lobha; Dosa."
We will be dominated by emotions, leading to a series of failures later on. This is the reason some people with financial conditions or solid financial potential participate to have fun; they are very successful because they do not put too much ego on MONEY in transactions. And the people who borrow, try to untie, or see it as a channel to earn money, with high expectations of MONEY, ego is too heavy on cash. It's easier to fail.
When we expect too much MONEY, the hope when swinging the top or getting stuck, or the greed when seeing profits and wanting to close, these are the typical psychology of all Traders around the globe. It comes from the fact that we come here to make MONEY. Money is us; we are MONEY. Back to the saying above: WE COME TO FINANCE FOR MONEY. FOR MONEY… So how to get rid of them? ANSWER: IS NO ANSWER.
THE ONLY WAY WE SHOULD LOCATE, LOCATE, AND LOSE SOME AMOUNT % OF ACCEPTIVE ASSETS SO WE SHOULD NOT BE POSSESSED ON MONEY WE CAN BE HAPPY IN TRADING.
WINNING THE SELF IS EXTREMELY HARD; EGO WINNER MAY OF THE BILLION OF PEOPLE HAVE SOME PEOPLE LIKE THE BUDDHA.
Cre: JessUnder

"The Eskimos took very sharp blades, dipped them in animal blood, and then they took them outside to freeze. They did this over and over again to make the ice thicker and thicker, to a point where the layer was frozen. The blood-covered ice on the outside completely covered the blade inside. In the evening, they dug the hilt of the knife into the snow. The wolves smelled the scent of wild animals from the blade and the enamel came in. They began to lick the layers. ice with that blood, more and more fervently, with all the lust. Until a moment the ice on the outside of the blade melted and reached the blade. When licking the blades, the blades of the wolf was cut and blood gushed out, but they thought it was the blood of a wild animal the more they licked it, the more it bled, the thirstier it got, and the more thirsty it got, the more it licked… The following day, the Eskimos go and collect the corpses of wolves lying dead beside those blades.
Outside of a trap is always something wonderful and fascinating."
-st-

Update the last month's result
I will set the equity to USD 1000 at the beginning of the month, more easy to follow.
When you have profit, withdraw a little, buy something or go somewhere.
The forex market is very fierce, The risk is very high, you don't know if you will make money tomorrow, or if you will lose money. So enjoy your results.
Money in your bank is your money, money in the market is a number :D

Green pip for all

Hi all
I see some people ask me about the signal but I don't have much time to read and answer all of them.
Trading is not my main job, I’m a salesman so I don't have much time for trading. I am just luckier than you because of finding a good teacher when starting. This account I just deposit for 200usd at the beginning, I remember is July 2021, trading with 1 strategy, and just 1 pair EURUSD.
Someone asks me to teach them how to trade and want to buy my system so I will make a study program and sell it. It's will have 3 levels, for all people from beginner to advance. I will create a telegram channel when I complete the project.
Happy trading :)

Hi
My view of the EU
I'm just learning this system so hope everyone can discuss it :D

MQL5.커뮤니티에 등록됨