⚠️Rules that I follow while trading & learning in a "DEMO"
Remember that the rules you follow on a demo account can set the foundation for your future success, so take them seriously and make them a priority.
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1.Treat it like a real account:
A demo account is demo, but I should still approach it as if it were a real account. This means taking it seriously, following the same trading plan and strategies I would use with real money, and making decisions based on sound analysis.
2.Set realistic goals:
I know its fake money but you are learning in it right?
so dont push buttons only to check out what happens.
Trust me if you cant control that "hype" of pushing button in demo, you wont be able to control it when trading live.
.8:20-8:40 (10 min before the “NY liquidity injection” i often see a setup forming that either targets EQH/EQL or an imbalance)
.9:20-9:40 (10 min before the “Regular Trading Hours” a setup often forms that gives me 50-100+ points)
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⚠️Im very selective when it comes to timing the market.
If i miss or dont see a setup @8:20, i dont take a trade if i see setup forming @8:35
Why?
Because in between 8:30-9:20 price likes to manipulate a lot. So I prefer to be patient & wait for my next “9:20-9:30 macro” :)
If I see a setup in between 9:20-9:30 i will take that risk & push the button.I dont fear the “Judas swing”
But if price dont show me a setup in between i dont trade in a setup if i see it forming afterwards.
I try to be patient again & wait for my “10:50-11:10” macro playout :)