aIQue Trading Blog

aIQue Trading Blog Prop trader. Spot FX, indices, crypto, metals. Day trader. Instruments - forex, indices, metals, crypto, etc. Enjoy trading a lot.

Technical, discretionary, personalized trading framework and processes.

17/01/2024

Quick vs Patience

Depending how you develop yourself to be the type of trader that suits your character, there are options to go more often for quick trades (shorter range target but higher win rate), or go for bigger trades where the return is a lot more higher but the time duration of trade is much longer.

We are talking about minutes (1 to 15 mins) vs hours (3 to 36 hours)

Know yourself, choose your own poison.

15/01/2024

Trading is typically being measured of being right and wrong (winning and losing trades).

What most people are missing is when right, "how" right can you be?
When wrong, "how" wrong can you be?

If you trading ruler has only 1 and -1, then the process of trading is going to be extremely tough. I have created my ruler where the positive scale stretch from 1 to 20 (still extending), the negative scale is -0.3 to -1.

11/01/2024

Trade Accuracy

It is very dependent on how fast you get out of the market, which also means the range of moves is short relative to the daily range.

Without changing the size quantum, the only way to earn more is trade more. So, this is one way to increase amount of profits.

The other way is to size up when price moves, but the initial building might have failed attempts due to early anticipation for better prices.

There are many ways to skin the cat. Find one that you can execute and adapt.

11/01/2024

Ex*****on and Control Abilities

A properly trained trader will understand that ex*****on and control abilities topped the list.

Having your trading edge is all the pre-work and training you require before you develop your trading process.

A modern trader needs to have two major departments:
1. Skills and Abilities
2. Trading systems

09/01/2024

Not easy to keep up with posting. Been busy trading... when I have free pockets of time during the day, I go exercise or sleep. These activities are essential to my trading life.

09/01/2024

Hmm..... seeing more advertisements on AI trading and investments. No doubt technology can help with many areas in trading, but IMHO a human trader's decision making brain is not easily replaceable.

If you want to have skills of a trader, then you probably have to do it manually. Use technology to automate or take over certain parts of trading. Asking other people to earn money for you is not trading, just buying a service or product.

29/12/2023

Is trading discipline important?

It is one of the keys to trading success. Most traders don't really understand and equate those bad results due to a lack of discipline.

Discipline is a quality you have to learn and acquire to use in training yourself to achieve certain goals.

So, in the first place, you need to be able to break down your training and set specific goals. E.g. reduce size when loss limits are hit; be deliberate in choosing the right entry method for each type of setup; review trades daily to pinpoint mistakes and lesson learned, etc

It is only through conscious training that you can acquire the necessary skills of a trader. This is how you can become a profitable trader.

29/12/2023

End of 2023

I did not anticipate that I still had to evolve my trading as I pushed for higher performance. The efforts and time paid out and managed to close the year well.

This year, the most important thing that I have achieved is to push the win column much higher. It took months to be able to select the right trades to size up big (bigger than I used to). It's very mental to re-train my decision process, and it is no joke. The ability to recover from failed high-risk trades is the key to success.

28/12/2023

Market (Wall Street) has been crazy. What about main street? Especially in 2024.

I have no idea. Can only trade based on how the prices move.

22/12/2023

Before you are clear about your trading edge and have achieved it...

Don't think of returns yet.

Keep trading and learning to create trading edges. There is a long list of things to learn and sort out before you can talk about profits.

08/12/2023

You can't have the highs without the lows

31/10/2023

You can get someone to teach you trading, but you need to spend many more times of time and effort to acquire the necessary skills. You can't just buy a system. There is no such thing.

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