Ever wondered how some traders handle risk? Check out my episode of Inside the Mind of a Trader a new finance show from
@SchwabTrading
I dive into my methodical approach & share insights that may help you rethink your trading strategy. Watch it here
7 Important Trading Rules:
1. Always have a trading plan
2. Trade in the direction of the trend
3. Always use a stop
4. Don't add to losers
5. Never risk more than 1% of your account on a single trade
6. Don't over trade
7. Don't revenge trade
So many of you are asking where I am! My husband and I just welcomed a new baby so I’m taking a few weeks off to care for our newborn. Be back soon, I promise!
The biggest mistake is doubting your strategy and your skills after a trading loss.
I lost money selling Yen crosses on Tuesday. Came back strong rest of the week for +206 pip profit.
Trust your skills. Trust your trading strategy.
There's no one who I admire more than my mom
❤️ Left Vietnam in a🎣 boat & survived 10 days with little water/food
❤️Beat lupus & 2 bouts of kidney cancer
❤️Widowed mom, raised 2 kids + 5 stepkids
❤️Serial entrepreneur, never gives up
❤️Helps everyone she knows
Happy Mothers
Buckle up for what will surely be the BUSIEST week in November with 👇
3 Central Bank Decisions
🇺🇸 FOMC
🇬🇧 BoE
🇦🇺 RBA
Jobs Report
🇺🇸 Non-Farm Payrolls
🇨🇦 CAD Jobs
🇳🇿 NZ Jobs
🇪🇺 EZ
- CPI
- Q3 GDP
🇺🇸 US
- ISM Mfg
- ISM Services
🇦🇺 AU Q3 Retail Sales
🇨🇦 CA IVEY PMI
RIP Charlie Munger at 99 - A long and respectable run
One of my favorite quotes of his
"The Big Money is Not in the Buying and Selling But in the Waiting"
There are some BIG reports this week.
US data is in focus👇
Mon - nothing major
Tues
🇨🇳 China CPI
Wed
🇺🇸 US CPI
🇨🇦 Bank of Canada meeting
🇺🇸 Fed Minutes
Thurs
🇦🇺 AU Jobs Report
🇨🇳 China Trade
🇬🇧 UK Monthly GDP
Fri
🇳🇿 NZ PMI
🇺🇸 US Retail Sales
🇺🇸 UMich Sentiment Index
💡The 7 Most Important Trading Rules
1. Always have a trading plan
2. Trade in the direction of the trend
3. Always use a stop
4. Don't add to losers
5. Never risk more than 1% of your account on a single trade
6. Don't over trade
7. Don't revenge trade
🤯There is a MASSIVE divergence right now between USDJPY & US 10 year yields. One of them has to give - which one do you think is due for a convergence?
Comment below!
#japaneseyen
#usdjpy
What do you think of my new workspace?
Left 2 monitors powered by custom built PC.
Right 2 monitors powered by dying Mac laptop.
Can't wait until $AAPL releases their new Macs this fall. Desperately need an upgrade + 2 more monitors.
Trading is all about:
80% waiting ⏳
20% execution 🚀
Why do traders lose? They spend:
80% trading 📈
20% screwing around with trades 🤪
But the legends?
They coolly sit on the sidelines, patiently waiting for those golden opportunities! 🙌💰
#TradingGameStrong
5 Truths About Trading:
1. Not all trades will be winners
2. Trust your system over talking heads
3. Don't be afraid to win or lose
4. Trading is about being patient
5. All successful traders started as losers
Happy Monday! What to watch for USD and FX
Let me know if you like these videos
Trying something new. Will figure out how to make bigger captions next time
USDJPY ⚠️ High Intervention Alert for Japanese Yen
USDJPY is closing in on 150, bulls are relentless, intervention risk is through the roof.
Here's what you need to know about Japanese intervention
BUSY Week Ahead - Here are the key reports👇
🚨 Main focus: US CPI, Retail Sales
Mon
🇳🇿 NZ PMI Services
🇨🇭 SZ CPI
Tues
🇯🇵 JP Q4 GDP
🇪🇺 EZ Q4 GDP
🇬🇧 UK Jobs
🇺🇸 US CPI
Wed
🇬🇧 UK CPI
🇺🇸 US Retail Sales
Thurs
🇦🇺 AU Jobs
🇺🇸 US Housing Data
Fri
🇬🇧 UK Retail Sales
Don't be fooled 😬 by the non-farm payrolls beat
The US jobs report was NOT good
-Unemployment rate up
-Wage growth slows
-Past month downward revisions offset today's beat
Here's my take on it all
Here are the reports to watch this week 👇
Mon
🇳🇿 NZ PMI Svcs
🇺🇸 US Empire
Tues
🇦🇺 RBA Min
🇨🇳 China GDP, Retail Sales, IP
🇬🇧 UK Jobs
🇪🇺 EZ, GE ZEW
🇨🇦 CAD CPI
Wed
🇬🇧 UK CPI
Thurs
🇳🇿 NZ Q1 CPI
🇺🇸 US Philly Fed
Fri
🇬🇧 UK Retail Sales
🇪🇺 EZ PMIs
🇬🇧 UK PMIs
🇨🇦 CAD Retail Sales
100K followers on X-Twitter 🙏 Thank you!
Make sure you are only following my verified accounts with the blue checkmark 🔵✔™
Have questions? Always contact my verified accounts. Assume everyone else is a fake.
Just closed out my last ZIP trade of the year +4,220 pips in 2022 🎉🤑
How its done👇
→ Slow and steady trading
→ Controlled losses
→ Targeting 💯pips a week
There will be losing days, weeks, even months but the 🔑is keep the losses small and trust your strategy.
💡 Top 7 Trading Rules
1. Always have a trading plan
2. Trade with the trend
3. Always use a stop
4. Do not add to losers
5. Never risk more than 1% on a single trade
6. Do not over trade
7. Do not revenge trade
Do you have anything to add?
We have a new look! BKForex is now BKTraders
🎉A new community to help traders reach financial independence with smart trading.
Use our Fundamental Toolbox and Trading Strategy Indicators to trade forex, futures, gold, indices & CFDs.
My Top 10 Takeaways from the Fed meeting 👇
I said we could be above neutral rates but Powell clarified after that we aren't there yet but it could have risen even though policy is "restrictive"
#federalreserve
#forex
#fomc
#daytrading
#stockstowatch
🇬🇧 All GBP traders
Jot these down! Important UK Dates 👇
Mon Oct 24 → MP ballot vote (result out 9pm London)
Fri Oct 28 → Final vote, announcement of new PM
Mon Oct 31 → Fiscal statement from Chancellor
Tues Nov 1 → BoE begins gilt sales
Thurs Nov 3 → BoE meeting
Why did the US dollar drop 📉 then pop 📈 after the US CPI inflation report?
Here's my explanation along with what to expect for US retail sales tomorrow
#forex
#forextrading
#daytrading
#daytrader
My 7 Most Important Trading Rules:
1. Always have a trading plan
2. Trade in the direction of the trend
3. Always use a stop
4. Don't add to losers
5. Never risk more than 1% of your account on a single trade
6. Don't over trade
7. Don't revenge trade
#daytrading
I just set up a FREE Telegram broadcast channel
This is my ONLY Telegram channel
There are many scammers using my name to DM on Telegram. I ❤️ you all but please remember I will NEVER direct message on ANY platform.
If someone DMs with my pic = SCAM
Next week will be a BUSY one! Here are the Top 5 Reports to Watch👇
🇺🇸 US
- Retail Sales
- Empire State
- Philly Fed
🇬🇧 UK
- Jobs Report
- CPI
- Retail Sales
🇳🇿 NZ
- PMI Services
- PPI
🇦🇺AU Jobs Report
🇨🇦CAD CPI
🇯🇵 JP Q1 GDP
🇨🇳 Chinese Retail Sales & UP
7 Reasons Why Friday is a Big Day 👇
Buckle your seatbelts 🎢
✅ Month end
✅ Quarter End
✅ Fiscal year end
✅ Chinese PMIs
✅ Tokyo CPI
✅ Eurozone CPI
✅ US PCE Deflator
Don't trade w/o being fully informed because FUNdamentals Matter!
RT to help a fellow trader
Here's a look at how the US economy has changed since the last Fed meeting
The rise in inflation & manufacturing / services measures means Fed has very little reason to be more dovish
Focus this week is dot plot and whether some Fed officials shift to 2 cuts instead of 3
Buckle up! This week's calendar is a BUSY one 👇️
Mon
🇩🇪 GE Q4 GDP
Tues
🇦🇺 AU Retail Sales
🇪🇺 EZ Q4 GDP
🇩🇪 GE Jobs & CPI
🇨🇦 CA GDP
🇺🇸 US Confidence
Wed
🇳🇿 NZ Q Jobs
🇪🇺 EZ CPI
🇺🇸 US ISM Mfg
🇺🇸 FOMC
Thurs
🇪🇺 ECB
🇬🇧 BoE
Fri
🇺🇸 NFP
🇺🇸 US ISM Services
This will be another BUSY week with EUR/USD the focus 👇
Mon
🇳🇿 NZ PMI Services
Tues
🇬🇧 UK Jobs
🇺🇸 US CPI
Wed
🇨🇳 Chinese IP & Retail Sales
🇺🇸 US Retail Sales, PPI & Empire
Thurs
🇳🇿 NZ GDP
🇦🇺 AU Jobs
🇺🇸 US Philly Fed
🇪🇺 ECB
Fri
🇺🇸 US UMich Survey
Buckle 🎢 up for a busy week for USD and GBP 👇
Mon
-None
Tues
🇯🇵 JP Q2 GDP
🇦🇺 RBA Minutes
🇨🇳 CN IP, Retail Sales
🇬🇧 UK Jobs
🇪🇺 GE ZEW
🇨🇦 CA CPI
🇺🇸 US Retail Sales
Wed
🇳🇿 RBNZ
🇬🇧 UK CPI
🇪🇺 EZ GDP rev
🇺🇸 Fed Minutes
Thurs
🇦🇺 AU Jobs
🇺🇸 US Philly Fed
Fri
🇬🇧 UK Retail Sales
🇬🇧 All GBP traders
Jot these down! Important Dates in Nov 👇
Tues Nov 1 → BoE begins gilt sales
Wed Nov 2 → FOMC meeting
Thurs Nov 3 → BoE meeting
Thurs Nov 17 → Fiscal statement from Chancellor