June 10 — 【Free】 One-day forecast for salarymen: Ride the long-term trend!

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A sudden start with the upper window open, on a Monday.

And then, it suddenly moved up close to Friday’s upper limit.

If you had entered short this morning, what would you do afterwards?

How would you judge when your drawn line reaches its upper or lower limit?

I’d like to talk a little about that.

① Keep the position as it is

② Take profit for now

Broadly speaking, these are the two options.

＊If your trading style is scalping, then ②

＊If you cannot read the future movement, then ②

＊Only if you can predict the future movement, ①

Or,

③ Split the position and close

In this case, since it’s a solid line, for example you would close half and hold the other half.That’s what it means

Close all of ②.

For beginners, this is the safest and most reassuring.

But in reality, to trade scalping you need time to look at the charts.

Below are my personal experiences.

【Just watch it!】

Because it’s scalping【Only charting the 1-minute is enough】is a big mistake!

If you’re looking at the 1-minute chart, you must also watch all higher timeframes.

Monthly, weekly, daily, 8-hour, 4-hour, 1-hour charts

Only after grasping that flow, do you do【1-minute trading】.

Because if you enter against the trend...

if you don’t cut losses, you won’t be able to, …　you won’t survive.

（Personally, if you can make proper cuts, it’s almost like winning half the battle in investing. But isn’t that the hardest part?）

Cutting losses yet still dragging them along. I think a strong mind is required to continue investing.

【Cannot even go to the bathroom】

This happened a few years ago.

In the evening, I did scalping on the GBP/JPY for about 30 minutes.

The amount was about 5 to 10 lots.

Well, the market was favorable, moves within a range, I could grab it! I could grab it!

In about 30 minutes it grew to around 200,000 yen. But the thrill outweighed the money, and I couldn’t stop.【I’m addicted to scalping】

There came a moment of carelessness...

【I should go to the bathroom】

But when I returned from the bathroom, I was in the red...

Huh?

I had drawn a simple channel line and entered in both directions, so when the market moved in the opposite direction of the long flow,

I got beaten.

As a result, the 30 minutes of effort went down the drain.

What was I doing? I was disappointed in myself for wasting time.

【Cannot even go to the bathroom】

I like scalping in general, but if you keep doing it for a long time, it drains you mentally and you become careless.

(But I don’t think I’m alone in this. How about you?)

There are many scalpers in the world, but

I don’t scalping much now, but when I do,

【Don’t enter in the direction opposite to the day and 8/4/1-hour flow】

【Enter on the 1-minute chart】

I keep this in mind.

【The more entry attempts, the more mental burden accumulates】

It’s fine when you’re in profit.

In my case, the more times I’m not making a profit, the more I suffer mentally in a quiet way.

For example, if you trade scalping on an overseas account, the moment you enter, you are in the red.

If that happens many times a day or many tens of times, it’s unbearable.

【I am strong. I am strong】 — is that just numbness?

I don’t think humans are that strong.

To invest for a long time, being mentally healthy is the most important.

So, I

① Draw proper lines (learned Keikana Line) and learn to read them.

② Do not impose excessive mental strain

③ Always set a stop value. (Because cutting losses becomes routine and reduces burden)

That’s what I keep in mind.

And to continue learning. There is no end to learning. I value this above all.

The subsequent forecast continues.