Looking back at 2023, I find that I wrote a lot of posts about trading and trading mentality. However, the big question is: Did I learn anything after writing about them? The answer is yes; I did learn a lot and corrected many mistakes I made, especially when FOMO and FUD kicked in. Nevertheless, there is still much more to learn because our minds play tricks on us both when we win and when we lose.
Risk management in leverage trading
We always need to do good risk management, and to do that we first need to assess what our goals are in our trading plan.
(Quota Loss / Positions)= Loss per trade [LPT] $50 / 5 (open positions) = $10
LPT / [Leverage x Stoploss(%)]= Margin
Example: x10 lev and 4% SL $10 / [ 10(lev) x 4%(SL)] = $25 (margin per trade)
X50 lev and 2% SL $10 / [ 50(lev) x 2%(SL)] = $10 (margin per trade)
How is the ROI time calculated Rule 72
An interesting way to calculation ROI.
The simple rule of 72 The rule is really simple you divide the number 72 by the interest or return an example if we had the same interests rates as last year's 0.1% we would need = 72 /0.1 = 720 years With interest rates at 4% X = 72 / 4 = 18 years And if you are asking if is it compounding the answer is yes the results are in only by compounding interest since it can only be used for exponential growth
Gaining An Edge Over Other Traders.
By Using those tools I certainly find my self ahead and i have become more profitable.
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Oversimplified Liquidation In Leverage Trading
Learn this the hard way.
5 Things To Always Have In Mind When Trading
I use that more and more every day because when you make them a routine it's always there.
Trading With Patience
It was so much easier to write this post than implement it but I believe i made a lot of progress!!
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Now some more technical post that I started using in my trading strategies after the summer.
Supply And Demand: How It affects Prices In Trading.
Market Traps
Leverage, futures , perpetual , open interest and funding rates
Trading-wise, it was a year filled with ups and downs. The last three months of the year brought in significant profits. However, I believe that 2024 will be the year in which I correct my mistakes. I plan to review everything I've written, assess what I have implemented, and identify areas for improvement.
Happy New Year Guys see you in 2024
