I got liquidated again—this time, before the elections. I’m not sure if the markets are just acting weird or if it’s just me. This is the third time it’s happened, and I’m feeling really low. It’s starting to feel like gambling.
I was just using basic support and resistance levels for quick trades, but they don’t seem to be working. I also ended up “buying high and selling low” because of FOMO (fear of missing out). Can you help me figure this out?
You’re at your lowest; this is the moment you need to realize there isn’t going to be a quick fix.
It’s better to grind slowly and suffer for 3 years than to keep trying to get rich quick and suffer for your whole life.
The markets are normal; I got good trades on Gold today, so it’s not the markets.
Understand that no one is coming to save you; you are by yourself. Make a 1-year plan which involves getting a job (either retail stores or any digital work if you are physically limited). In that 1-year plan, you should have FIRST a basic means of surviving (food, etc), then pick ONLY 1 strategy and ONLY 1 pair. Research the market yourself, start from January 2023, and backtest until today to see if your strategy would work and what to adjust, etc.
While you’re doing this, save $30 to $100 each month. During this time, only use a DEMO account.
After you reach about $500 to $1000, you can go live with a lot size of MAX 0.1.
WHEN you can have weekly gains, that is when you can explore more strategies and more pairs. But for the time being, you need to suffer more. AT LEAST 1 year. There’s a famous quote saying the pain will leave your body when it has done teaching you.
I have left out a lot of details that you will need to figure out on your own on your journey. If you’re a Starbucks revolutionary and don’t want to suffer, then you’ll spend most of your life trying to get rich. If you finally do, you won’t be able to sustain the life because it was built around bad habits…
So to summarize, you build good habits to carry you on, and these good habits will make you rich. Now imagine for 2 years, you get 3% weekly, deposit $100 a month, and compound all of it.
You will have $5500 in a year—not much, but you should have a job by now. You can take $1000 from the $4000 and use it as an “aggressive account” where you try to get 2% a day while you keep on doing the same with the other account.
Now the next year, which is year 3, your aggressive account will be around $175,000. If something happens to the aggressive account, you wait till you reach $5000 on account #1 again.
Don’t believe me? Do the math.
So yeah, no pain, no gain, but do the work, and in around 5 years, you will become a millionaire. (But wait…there’s more… it comes with new problems hahaha)
Find a strategy, backtest it until it works, and practice on a demo account.
Sage said:
Find a strategy, backtest it until it works, and practice on a demo account.
PREACH
Some people have literally no data on their strategy; they just go straight to live, then they complain. It makes me laugh 
@Quincy
Was literally “this” for over 2 years; thankfully I found out 6 months ago lmaooo. 2 years no idea of what my best months looked like, or what my worst months were.
Gold is too volatile; trade NAS100 or US30 or forex pairs. These are also volatile, but a manageable volatility compared to gold.
1st time? 
Thanks, I’m not alone.
Bro, stick to one strategy. Limit losses.
Though this is something you learn in your journey.
Just don’t quit!
All the best.
Which broker do you use, bruh? As for me, I got liquidated minutes ago.
It’s just the elections; relax. Wait till the results are out.
Pro traders don’t trade on election week, and definitely not timing the market on the 5-min TF because the volatility is insane and you can get stopped out.
“Not sure if the market’s weird or it’s me”
Has entire account of implied risk on 1 singular trade with a 2 pip stop loss.
“Feels like gambling”
Probably is.
Having a bit of fundamental knowledge goes a long way. You don’t have to turn into an economist, but understand the basics of what influences your preferred currency or commodity. Interest rates, inflation, labor data, etc., and decipher whether the pair you’re trading is bearish or bullish. After that, trade the trend, especially as a beginner. Sell in a bear market, buy in a bull market. Counter trading is for pros. Research the basics.
Bc 2k INR capital pe tune 0.1 ka order kyu lagaya hai ye bata bhai 
kya bakchodi hai ye. DM karle help kardunga.
