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Day Fifteen

 Hey everyone,

It's been a really productive period on the learning front, and I'm feeling a significant shift in my focus and confidence! I've been pushing hard to solidify my foundational knowledge, and I'm excited to share some major updates.

"The Boring Shit" is Done!

First off, I'm thrilled to announce that I've completed "The Boring Shit That Makes You Rich" course! This course from The Trading Cafe, despite its cheeky name, has been an absolute game-changer. It hammered home the non-negotiable importance of trading psychology, robust risk management, and disciplined learning. It provided so much clarity on managing emotions, setting realistic expectations, and building effective study habits – all the stuff that truly underpins success in trading, regardless of the strategy or automation level. Finishing this feels like a major step forward in building a truly resilient trading mindset.

TradingView Mastered (for now!)

On the practical side, I've also officially completed all the TradingView tutorials! As I mentioned in a previous post, TradingView has become my go-to for manual backtesting, and truly understanding its features was essential. Getting a solid grip on its charting tools, replay function, and various indicators means I can now analyse price action and backtest strategies much more efficiently and accurately. It's fantastic to feel competent with such a powerful analytical tool.

A New Strategic Direction: Bollinger Bands

With these foundational learnings cemented, and having put my news straddle strategy aside for re-evaluation, I've now decided to dedicate my efforts to a new, specific strategy from the "Six Figure From Scratch" book: The Bollinger Bands strategy.

This strategy was outlined in the book, and I'm very keen to apply the systematic approach I've learned. My plan is to:

  1. Deep Dive into Components: Break down the Bollinger Bands strategy into its core elements, much like I planned for the Supply & Demand strategy. Understanding exactly why and how each part works is crucial.
  2. Watch Live Sessions: To truly internalise this strategy, I've started watching live sessions specifically about the Bollinger Bands strategy from The Trading Cafe. There's nothing quite like seeing an experienced trader apply the concepts in real-time market conditions. It helps bridge the gap between theoretical knowledge and practical application, allowing me to see the nuances of entries, exits, and risk management in action.

This feels like a much more structured and manageable step forward. Instead of spreading myself thin, I'm focusing intensely on mastering one proven strategy at a time. The ultimate goal, of course, is to thoroughly backtest and then eventually automate this strategy, but the current focus is on deeply understanding its mechanics through these targeted learning resources.

What strategies are currently capturing your attention? Have you found success focusing on one at a time? Share your thoughts in the comments!

Happy learning and trading,

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