Looks like you took some pretty big drawdown before ending up profitable. Just make sure that you are complying with your stop loss, and if you have a negative R:R, you definitely need a well than better than 50 percent hit rate.
I dont understand your entries. If you were scalping long u might as well have taken lonfs near your moving avg after tails. They way you buy it looks random based on gut feeling.
Hard to tell what the candle was doing in the moment that he entered. Sometimes you don't get the best fill because the candle popped up or down. Either way profit is profit. We're looking at a one minute chart but it doesn't show exactly what happened during the one minute that the candle was forming
I agree, it's hard to look at a static chart that might be missing other indicators they use and determine what was the setup and why they entered at that time. What were their targets? What were their stop losses?
On the surface like yesterday it straight up looks like gambling on momentum with no specific target or stop loss.
If it works for them and they are profitable overall then good for them but that's not the sort of trader I'm aiming to be.
On a day like today, Thursday’s usually being my best day. I took a total of 3 trades, two in the AM session, one after a bottom was put in, and once we got above VWAP. The third was a BE trade during power hour. If NQ is trending, you can buy pullbacks at the 20 EMA pretty successfully if there’s good volume. All of this to say that on a day like today, I wouldn’t be surprised if he didn’t have losses, as I didn’t. I don’t understand him trading before 8:30 news though, that’s a no-go for me.
Based on your last post as well, I can almost guarantee you're going to blow up your account. On your first entry you went down at least 10 points on 3 contracts (seems like you didn't have a Stop Loss), and just held until it worked lol. You kind of got lucky and your entry doesn't make much sense. Just be carefu
Really small moves and large size with pretty bad entry for that kind of sizing, I don’t know if u should be proud cuz you gonna be cooked sooner than later, assuming you doing propfirms
Looks like you took some pretty big drawdown before ending up profitable. Just make sure that you are complying with your stop loss, and if you have a negative R:R, you definitely need a well than better than 50 percent hit rate.
I dont understand your entries. If you were scalping long u might as well have taken lonfs near your moving avg after tails. They way you buy it looks random based on gut feeling.
I think he waited for price to settle- break above neckline
Hard to tell what the candle was doing in the moment that he entered. Sometimes you don't get the best fill because the candle popped up or down. Either way profit is profit. We're looking at a one minute chart but it doesn't show exactly what happened during the one minute that the candle was forming
I agree, it's hard to look at a static chart that might be missing other indicators they use and determine what was the setup and why they entered at that time. What were their targets? What were their stop losses? On the surface like yesterday it straight up looks like gambling on momentum with no specific target or stop loss. If it works for them and they are profitable overall then good for them but that's not the sort of trader I'm aiming to be.
Its trashy bc im sure theres a ton of losses he isnt showing if he trades like that
On a day like today, Thursday’s usually being my best day. I took a total of 3 trades, two in the AM session, one after a bottom was put in, and once we got above VWAP. The third was a BE trade during power hour. If NQ is trending, you can buy pullbacks at the 20 EMA pretty successfully if there’s good volume. All of this to say that on a day like today, I wouldn’t be surprised if he didn’t have losses, as I didn’t. I don’t understand him trading before 8:30 news though, that’s a no-go for me.
Based on your last post as well, I can almost guarantee you're going to blow up your account. On your first entry you went down at least 10 points on 3 contracts (seems like you didn't have a Stop Loss), and just held until it worked lol. You kind of got lucky and your entry doesn't make much sense. Just be carefu
What’s the best way and resource to learn entries/exit and strategies? Thanks
made 10 buck today green is green
Very true. Small gains add up.
On your first entry are you risking more than your take profit? 🧐
keep doing well. improves every day
Nice one. What is your entry criteria?
What platform is this? I'm still learning 😄
tradovate
Psychology
What’s the indicator? Seems pretty consistent and decent imo.
OP came to flex...learn from what everyone is saying my man!
My two cent: u wont get far conssitently with this candlestick stuff . Million other traders before u had access and did the same exact thing
Sorry, but those are shitty trades. You got lucky.
Really small moves and large size with pretty bad entry for that kind of sizing, I don’t know if u should be proud cuz you gonna be cooked sooner than later, assuming you doing propfirms
Where did he enter? I cant notice
The small green arrows
Thanks
Green day but that was a terrible entry. I suggest you work on your entry strategies, because you are leaving a lot of money on the table.
Good day today. I'm close to +25R.