In my beginnings, I used to trade smaller timeframes like M5 and M15 using someone else’s strategy that used MACD, Bollinger Bands, and 6/12 EMA crosses to locate new trade ideas. I made it work for a few months, but to be honest, I had to spend many hours a day watching the charts. I waited for the London open, then the New York open. I traded Forex exclusively, and it was definitely very stressful. Experience, personal needs, and life itself luckily put everything into context. I had not found what I was looking for until I heard about supply and demand.

Staying away from the charts and letting the trade breathe is something we often forget about as traders. We should all trade a trading strategy that fits our personality and keeps our emotions and greed under control. We must feel comfortable with our trading plan (rules) and the amount of time we spend to make it work. We must prioritize our needs; we must find our why? Why do you want to become a trader? To make money? That’s not enough of a reason. Everyone wants money and a good job. There must be something else. You must listen to yourself and learn why you want to become a trader first, then choose the strategy that fits your personality and gives you enough time to achieve moments of happiness by sharing quality time with your beloved ones. Time to give and receive love. That’s all there is, my friends.

I used to trade a lot in the past, reaching 4-6% a month and even more. You may have thought that 4% a month is nothing. That was a bit of an unrealistic attitude. Now I know what I want and how I want it done. I have developed my proprietary trading strategy based on supply and demand. I’ve managed to master it, and that’s all I needed. I don’t care or follow anyone else’s trade ideas; I only focus on my rules and trading plan, ignoring the news and fundamentals. Why? I came up with the rules without using them. Why should I use fundamentals now? Moreover, it would be ridiculous when strong imbalances usually trump any negative or positive announcements. You just need to pay close attention to the charts and see what happens when news is released or earnings for a given stock have been published.

Technical analysis is all about reading the psychology of all the market participants. Eventually, I changed my dancing job for a job as a psychologist in the markets.