Okay. I've been practicing Paper trading, don't touch my money at all. Talking about last trade, what I've just figured out, that DIS buy was right at the top of bearish divergence. I don't use any indicators like RSI or MACD because I saw that a lot of pro traders don't need them, but it's probably too early for me to ignore them, because it seems like they show divergences pretty often, even if the indicator will be wrong, at least it is better do not trade against it.
Just look at this obvious bearish divergence, and I bought right at the second top Going to use at least RSI now.
I read and watch a lot of videos with different traders, all of them have their own strategy, I feel like it will take time until I will figure out what works better for me. But I definitely know that just looking at the chart without any indicator, without reading news, without understanding simple fundamentals is not a good idea. Which is why I start over, I need to get confident with what I do, to understand the field, to make 10+ green days and only after that consider using real money, everything I did before was pretty much gambling with little of knowledge. I've opened so many things these days and willing to keep doing it.
Probably will try to make notes here, so my knowledge is not lost, + I will always be able to compare the way I think over the time.
For now my goal is to understand VIX, how to interpret and use it. I've read an advice from a "pro" that it's a bad idea to buy puts and calls when VIX side trending between 12-14. Have no idea what it means but going to figure it out. My assume is that the market is volatile during this range that is why it's risky to take any trade.
Just look at this obvious bearish divergence, and I bought right at the second top Going to use at least RSI now.
I read and watch a lot of videos with different traders, all of them have their own strategy, I feel like it will take time until I will figure out what works better for me. But I definitely know that just looking at the chart without any indicator, without reading news, without understanding simple fundamentals is not a good idea. Which is why I start over, I need to get confident with what I do, to understand the field, to make 10+ green days and only after that consider using real money, everything I did before was pretty much gambling with little of knowledge. I've opened so many things these days and willing to keep doing it.
Probably will try to make notes here, so my knowledge is not lost, + I will always be able to compare the way I think over the time.
For now my goal is to understand VIX, how to interpret and use it. I've read an advice from a "pro" that it's a bad idea to buy puts and calls when VIX side trending between 12-14. Have no idea what it means but going to figure it out. My assume is that the market is volatile during this range that is why it's risky to take any trade.
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