Joe’s Journey with Traderscale

-My name is Joe Shelley, I am 23 years old and I am from Liverpool.

-Just a normal lad from Liverpool really weren’t born into money or anything like that grew up on council estates, I went to school was not great in school just weren’t for me didn’t interest me was naughty and messed around a lot I then left school with 0 GCSE and I went into college had to do my English and Math’s in college for me to then be able to get my qualification in plumbing, was in college for 2 years to get my level 2 plumbing why at the same time I was working since I left school with my dad doing bathrooms, which I continued doing after I left college until last year when I decided to go on my own through all of this I was learning how to trade also.

-I knew about the markets when I was In school has heard and seen about it online but I was to young an never really thought anything of it to take action was just a kid, when I left school a few years later when I was nineteen if I remember correctly I was out with my mates drinking and was in an apartment, some lad came to the party he happened to be a forex trader so that reminded me about trading and the next day I was on my phone researching about trading started watching YouTube videos, following people on Instagram etc etc. so since that day I haven’t looked back and have been on my journey as a trader, the first 1 to 1 and a half years weren’t the greatest I would say I didn’t give it my all I just wanted to make money and get rich and didn’t do the things I was supposed to be doing pretty much gambling and doing everything wrong, but then I started to take it seriously and make the changes that were needed to then progress and understand how to get better, that was about 3 and a half years ago I started am pretty sure.

-The first thing on my trading plan is words to keep my psychology in check like, be disciplined, don’t get FOMO, don’t revenge trade, don’t be greedy, be confident, make sure I have certain amount of confluences before entering trades.by doing this helps me as a trader understand the state of mind I need to be in when I come to my laptop in London session.

-Do my technical analysis and understand what my bias for that day is likely to be, mark out all my charts and wait for the trade to come to me then enter if my plan is met,  ideally I want 3-4 confluences before I enter a trade if not I simply don’t trade.

-Check forex factory to see what news we have for the day, how much impact it could have on the markets and when I ideally don’t want to be in the markets so if there is news at 13:00PM for USD which is usually the case I ideally want to be in an out my trade during London session to protect capital if there is a trade in London session that is.

-I have when I should be trading so on the charts at 7:30AM UK time preparing my charts for London open at 8:00AM I want to be in a trade by 10:00-11:00AM,same for new York session on the charts at 12:30PM and want to be in a trade by 14:00-14;30PM, reason for this is because I want to see the session is providing volume trading is a lot about timing so ideally the earlier you are in a trade at the start of a session open the better because usually that’s when volume will be strongest.

-having a trading plan In trading is a must, it will help you become successful, because if you come to the charts everyday and just trade randomly eventually you will see failure. You need to have a set plan when it comes to trading this will help you stay disciplined and make the right decisions also make sure you are trading when you should be because you have a checklist of things that need to happen before you enter the markets based on testing and experience and if your plan isn’t met you don’t enter the markets and protect capital. Where if you don’t have a plan you will find you are in the markets too much because you don’t have a plan to follow and are taking any old trade because you “think” this is a good trade.

-Way too many couldn’t even put a number on that to be honest as I said above I was always trying to get rich had no trading plan so I would over risk and over trade was just lost which is a terrible combo which lead to many accounts being blown, I finally seen consistency when I learnt from my mistakes journaled trades, had a trading plan, understood risk management, and kept my psychology in check.

-Psychology was a massive challenge for me in trading and still is a challenge from time to time much much better than it was  but I am human at the end of the day so I still struggle here and there with it, how I overcome it was just understanding these emotions are going to be there in trading  no matter what its human nature and I need to understand when I get them feelings to step away if the trade plays out it plays out if it doesn’t it doesn’t I cant control the markets if I enter a trade its for a reason so just let it do what its going to do.so if a take a loss for example and I start to feel fomo, anger, revenge enter my brain I step away an cool of trade never played out onto the next one where before I would stay in the markets revenge trade chase the markets which only makes things worse and emotions will get worse and lead to a lot of money being lost because you are not thinking clearly, I will also write down the emotions and do other things to help me get into a better mental state.

– 1:1-1:2RR minimum.

-risk will be 0.5-1% per trade depending on the trade.

-stoploss would be 10pips on GBP/USD or EUR/USD for example cause I trade them most so would use 10lots if on 100k account 1%.

-if price is at a 1:1 and showing strong volume I will put stoploss to breakeven to protect capital.(depends how the trade is looking previous candle closure effect)

-1-2 trades a day if first is a win then can take another trade if first is a loss I either don’t trade again or if a set up is there will take the trade but with half risk.

-Treating trading like a business and not gambling understanding that if I want to do this for a living and make money from it I need to take it as seriously as someone would if they had a business. This is my business and I am going to make it work but to do that I need to have a plan and be willing to study and work hard to put together a proper structured plan and follow it with discipline to see results.

-showing up consistently and being disciplined.

-working on myself as a person and understanding how I lacked control of my psychology and becoming better at controlling my emotions.
-learning from losses and understanding why.

-being more patient.

-Discipline is definitely one of the main things that has helped me follow my trading plan and not break my rules.

-Being patient and waiting for my trade to come to me only taking the best possible trades knowing there is a higher probability of it winning rather than taking any trade because I am inpatient.

-A good mindset would be the markets are not going anywhere they will continue to be here till I die so why rush things going back to patience if there is no trade then don’t trade there is always tomorrow execute when the time is right and protect capital until that moment is there.

-Trading with traderscale has helped me a lot as a trade because without you I wouldn’t have access to such capital that I do to help me profit bigger returns than I would if I was to trade my own account.so its much better having traderscale to trade with rather than on my own.

-Must be over a year. I am not sure exactly how long to be honest but pretty sure it’s been a year if not just under.

-You are in good hands and can trust them follow the rules they have in the rule section on their website and you will be just fine, support team is quick and helpful if you struggle with somethings I have had multiple payouts now of traderscale with no problems so I would say they are very trustworthy and will be sticking around for the long term continuing to give trades the opportunity they need,not had a bad experience yet and don’t think I will.