Looking for a trading buddy/mentor

[Trying2trade]

Hey, new to the forum. Just looking to connect with like-minded people to continue on my trading journey. Im looking for someone that would be interested in sharing their trading experience, knowledge and sort of mentor me where I could improve on what I am currently doing. I have been trading on a demo for over a year, I started at £500 and my goal was simple, get it to £1000, £1500,£2000 and so on. I tried every and any strategy I came across to find what I liked or what worked or what didn't work with certain strategies during certain trading times or with one market or stock, like any one new to trading I didn't fully understand exactly the importance of analysis, support/resistance, trends, order blocks etc. I'm got to the stage where I was comfortable enough to put a small deposit into my trading account and see if I could do what I've been doing on the demo for the last 2 years, slowly building it up😅well... I'm guessing alot of traders out there know how it all ended from living the same experience... The emotion of seeing some trades head straight towards my stop loss within 1 min of entering, that didn't happen in the demo. I found myself immediately doubting my trade and if it was better to get out now or risk it hitting my stop and being even more down on my account... As my account got smaller I lacked the experience and knowledge to adjust my strategy to manage my account properly. I learnt a valuable lesson that day. The market will eat you up and spit you out with a second thought and if you are going to succeed then you need a solid strategy that delivers constant results and the confidence that i have executed the trade inline with my set of rules and no matter what it looks like during the trade I can not allow my emotions in that moment to create doubt in my strategy until. Sorry for the ramble😂 any help would be greatly appreciated, thanks, happy holidays everyone

 

[steven46]

Well the first thing to say is obvious. Do trade real money, a simulated account can be
had from Ninjatrader and many other vendors.
Secondly get a basic education. I would start with free resources from Dr. Al Brooks
and you can "Google" his free resources on YouTube. His approach is known as "Price
action trading". He has also written several books, but they are difficult and tedious
I suffered through several of them myself so I know. Leave this to last.
Here on Trade2win there are many threads, Obviously I like my own, but they are not
really aimed at beginners, so again leave them for last.
Another reasonable resource is "Trader Dale", but again you need a background to
start that process.

Good luck