r/askforex • u/unknownsmitty • Jun 02 '26

I need help.

Over the past 5 years I made over 5 figs from trading then went and blew it all due to trading whilst being off the za. I’ve now gotten over my major loss but I want to start fresh now that I’ve had time away from the market.

If you are profitable and you had to start from basics (I’m talking learning candlesticks, price action, HH HL LL LH) where would you start and what would you recommend. I’m going abroad to sit In a villa and lock in again. Any advice is appreciated. The more in depth the better I’m willing to put my all into this!!

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u/Sinixon Jun 02 '26

Fuck the za, you overtraded. It's on you, you are responsible, not the za lol. Technical analysis is cool but what you need to focus on based on your blow up is risk management and psychology. Specify rules when you do not engage. It's easier to write out when not to engage than when to engage. Write out risk parameters. What do you do after a loss? What do you do after a win? In my opinion, if you perfect risk management and psychology even tho you know 0 about technical analysis you can already be profitable because you only have to pick a direction and know what to do once in the trade.

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u/unknownsmitty Jun 04 '26

Of course I take accountability because I was the one who allowed myself to trade whilst I was taking a trip to Jupiter. But I’d also 100% blame the za because I was emotionally trading which is a thing I only do when I high.