Every trader, just like every artist, has a unique style that distinguishes their approach to the market.
It's a mix of personality, risk tolerance, analytical ability, and long hours in front of the screen.
When we talk about the hashtag #MyTradingStyle, we are not just discussing a set of rules, but delving into a personal philosophy that guides every buying and selling decision.
The foundation: Discipline and Patience 🙏
At the core of my trading style lies an unwavering commitment to discipline and patience.
Markets may seem enticing and push you to make random decisions under the illusion of quick profits, but I’ve learned that true success doesn’t lie in riding every wave, but in waiting for the right wave.
And this means:
Sticking to the Plan: Before any trade, I am specific about the entry point, the exit point for both profit and stop loss, and the position size. Deviating from the plan is completely forbidden 🚫
No to Fear of Missing Out (FOMO): If I miss an entry point, I don’t chase the trade. There is always another opportunity coming. Patience is my weapon against emotional decisions 🧘♀️
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Analytical Style: A mix of technical and fundamental 📊💡
Although I rely heavily on technical analysis for timing trades, I don't overlook the bigger picture provided by fundamental analysis.
Technical Analysis: I focus on price action, support and resistance areas, and Japanese candlestick patterns. Volume analysis is also important to confirm trends. My charts are often clean, without too many indicators – I only focus on what the price is actually saying. 📉📈
Fundamental Analysis: Before looking at the chart, I assess the overall economic landscape, sector trends, and company-specific news (if I’m trading stocks). This helps me avoid weak or highly volatile assets. 📰💰
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Risk Management: My non-negotiable rule 🛡️
If there's one thing I never compromise on, it’s risk management.
Regardless of how strong the trade is, preserving capital is the priority. Here’s how I handle risks precisely:
🎯 Position Size: I don't risk more than 1-2% of my capital on any trade. This ensures I can continue even after consecutive losses.
🔪 The stop loss is always fixed: Every trade has a stop loss point calculated by technical analysis, not by feeling. And I adhere to it without hesitation.
🧪 Risk-Reward Ratio: I look for a win-loss ratio of at least 1:2 or 1:3. If the trade doesn't offer a reward that justifies the risk, I pass on it.
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Continuous Learning: The secret weapon 🧠📚
The market changes, and the trader must evolve as well. My trading style is not rigid – it changes based on what I learn from the market. I review my trades, record my mistakes, and continuously adjust my strategies.
And the most important thing: I remain humble.
No one has all the answers. My strength lies in knowing what I know and being aware of what I don't know.
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The Final Word: Trading is personal 🎨
My style expresses me, about my journey in the market.
And about my journey in the market.
And you? What does your trading style look like? 💬💹