Quote from: SvonioneFromMangoCoinz on Today at 08:30:54 AM

Quote from: Gafman on April 18, 2020, 09:47:04 AM

I've been trading for roughly 2 years now and I've been able to use some strategies that work quite well for me

I'm sharing my idea here for both new and experienced members. Comments and Additional ideas would be appreciated

I mostly start my trades at 10 am
1st Step: Switch to D1 chart, Take note of the Minimum and Maximum of the previous day
2nd Step: Now switch to a H1 chart, if the last updated candlestick finishes above the previous day maximum, Go for a Long position
If it finishes below minimum, go for a Short position
3rd Step: If it finishes in between the Maximum and Minimum reduce the sizes of your charts in Step 1and 2 and repeat the steps.

Note: This is just a strategy!!!!! And any additions or deductions would be appreciated. Thank you

I had my trading method, but I had a very bad problem with managing my capital. My opinion about the market is quite correct when doji candles and reversal candles appear, but I often run out of capital before it reverses my way. So can you share with me how to manage capital?

One of the first things to keep in mind before any trade is Risk Management

My tips for it is to risk only 3-5% on every position i go for. This way you get to comeback with another strategy and analysis for the market and sometimes cover-up your loss.