Paul Truscott (@121forextrading) header
Paul Truscott (@121forextrading) profile picture

I am a keen student of the market as we never stop learning in this game! Based in Perth Western Australia.

Perth, Western Australia
Joined August 2017
Ah those lovely Central banks. They always have everything under control! Except when they don't of course. teapawt.net/FuturesTechs/status/92…
Morning all. Equities bid, Bonds bid, Gold bid, Oil bid. Nothing to see here. Central Banks have it all under control. #notgoingtoendwell
2
1
What they mean is a utopic society, not a communist one. Fascism and communism are actually not dissimilar. Be careful what you wish for teapawt.net/rjparkerjr09/status/92…
1
1
that can mean so many things. You can certainly be up 20r on a single trade if you r means the distance between your entry and stop loss teapawt.net/Trader_Dante/status/91…
When I see people say things like I'm up 20R today, I wonder if they're calculating R right.
1
1
MFE/MAE for a given number of bars multiplied by % winning trades/% losing trades give an outcome expectancy number. Higher than 1 is pos
1
Just pulled out your book on Candlesticks Clive. Haven't read it since doing my Diploma. Going to give it another read this weekend
1
Paul Truscott retweeted
NAILED IT BIG TIME !!! >>> Dinesh D' Souza - THE BIG LIE - "...,be curious, be truly open minded, be willing to... fb.me/1N2Ei6HNk
1
2
23
Remember that position sizing has more direct impact on your results than asset choice or entry timing
1
In trading always check your beliefs. Do you believe what you believe because of empirical evidence or because you were told to believe it?
1
My favorite trading style is hit and run. Take small quick moves and move on. Suits my style
Remember trading has 3 pillars, mind, method and money management. If you are lacking in any of the 3 you are going to fail!
1
3
Do technical indicators have any value? Just playing devils advocate
2
2
Buying short term weakness and selling short term strength can be a very profitable strategy!
1
Psychology, method and money management. The three legs of the trading tripod. Take any one away and see what happens!
without the right psychological makeup or training tour trading is doomed to failure. Humans are wired to fail as traders!
2
Always question your trading beliefs and be prepared to change them in the face of new evidence.
1
Remember that the markets are dynamic! If your system isn't it's going to stop working at some point
1
Paul Truscott retweeted
You know you've made it when you own more pairs of airline socks than civilian self bought socks #Winning
7
7
1
74
Asian markets falter in the wake of North Korean nuclear tests read.bi/2eUzN4c by @Reuters
2
1
Don't be an average trader. Average traders lose money!