Keep it up brother! Transparency is the key as well to yourself to improve, i am in my 16 day live streaming too 10 challenge accounts and i still have to pass them, reality of trading and not the bullshit around of YOLO traders or fake ones
Just an advice, don't try to trade breakout, stick to trade the reversal to the mean. The market is mostly range (at different timeframe) for scalps its statistically beneficial to trade the reversion to the mean instead of the rare occasion where price breakout of the range.
@@PhonkEchoyeah true, he didnt even have volumes on the chart, if it breaks out with low volume then you know its a liquidity grab and its going to reverse
Smaller sl…r/r is key. Also standard deviation channels and like dude said reversion to mean is great…ask yourself is the channel broken or are we staying in the box
I stopped trading chop like that… all I did was get stopped out and get back in… then you end up making more trades with negative P/L. Trade with heavy heavy price action and you’ll make less trades for more profit!!! I’m a beginner too bro - and I’m obsessed with improving every day.
There’s a strategy that’s called always in. Buy or sell first candle and just ride it all day. Exit at what seems to be top or bottom of day and average into trade at reversal areas to get break even closer to market. Pros do this and never loose maybe get a break even at 50-66% pullback areas. That’s what creates pullbacks is really people all in sync pushing it to get out of bad trades then exit and let market do its thing again.
You trade as any new trader does. We all think we’re diff but we’re not. You need more experience and maybe a trade room to be part of. Al brooks prove action is awesome for live futures room. Theotrader is great education platform too. You’ve done options so not too new but your entering day trader zone and it’s totally different than most environments. Very few make it out alive. I haven’t lost a trade all week up to 17 a day and yesterday i lost 500 on micros. Like wth?? To be a pro you have to learn how to take what market gives and what to expect from it and I assumed wrong. Usually momentum trader like this guy but learned to hate buying breakouts without pullback to enter on. If I do I put a stop right below because If it turns back I don’t want ir anymore trade context broke. But If takes off I don’t want to miss it either so tight stop assuming breakout. Hard to change positions throughout day too I’ll go bearish to bull in once candle because context changed. Can get slopfest if not careful but it’s just the way it is trading. One candle proves a whole different condition is happening.
the profits i made from my first options plays and the COVID crash and Gamestop has given me cushion to lose money while learning over the years. so that's why i said technically, yes i am profitable. on a consistent basis? no. but overall, very much in the green.
Keep it up brother! Transparency is the key as well to yourself to improve, i am in my 16 day live streaming too 10 challenge accounts and i still have to pass them, reality of trading and not the bullshit around of YOLO traders or fake ones
Just an advice, don't try to trade breakout, stick to trade the reversal to the mean. The market is mostly range (at different timeframe) for scalps its statistically beneficial to trade the reversion to the mean instead of the rare occasion where price breakout of the range.
Breakout trading is the worst if you don't understand momentum and volume
@@PhonkEchoyeah true, he didnt even have volumes on the chart, if it breaks out with low volume then you know its a liquidity grab and its going to reverse
Smaller sl…r/r is key. Also standard deviation channels and like dude said reversion to mean is great…ask yourself is the channel broken or are we staying in the box
I stopped trading chop like that… all I did was get stopped out and get back in… then you end up making more trades with negative P/L. Trade with heavy heavy price action and you’ll make less trades for more profit!!! I’m a beginner too bro - and I’m obsessed with improving every day.
Nice, quick recap 👍
Supply and demand, buying on the pull back will help you
Very informative.
Today I lost 300 then after 3 hours of patience I made it back with a loss of 1 dollar to end the day.
Just had to tell someone.
paytience!
There’s a strategy that’s called always in. Buy or sell first candle and just ride it all day. Exit at what seems to be top or bottom of day and average into trade at reversal areas to get break even closer to market. Pros do this and never loose maybe get a break even at 50-66% pullback areas. That’s what creates pullbacks is really people all in sync pushing it to get out of bad trades then exit and let market do its thing again.
Man ,,trading is hard I've been trying to be good at it for several years and several accounts
You vids just started coming up on my shorts.
And every video is of you losing cash 😂😂😂😂
wazzupppp
You trade as any new trader does. We all think we’re diff but we’re not. You need more experience and maybe a trade room to be part of. Al brooks prove action is awesome for live futures room. Theotrader is great education platform too. You’ve done options so not too new but your entering day trader zone and it’s totally different than most environments. Very few make it out alive. I haven’t lost a trade all week up to 17 a day and yesterday i lost 500 on micros. Like wth?? To be a pro you have to learn how to take what market gives and what to expect from it and I assumed wrong. Usually momentum trader like this guy but learned to hate buying breakouts without pullback to enter on. If I do I put a stop right below because If it turns back I don’t want ir anymore trade context broke. But If takes off I don’t want to miss it either so tight stop assuming breakout. Hard to change positions throughout day too I’ll go bearish to bull in once candle because context changed. Can get slopfest if not careful but it’s just the way it is trading. One candle proves a whole different condition is happening.
Brotha TDI
Are you a profitable trader now?
i’ve been profitable since day 1, technically
@@DanielInskeep no one is profitable since day 1
the profits i made from my first options plays and the COVID crash and Gamestop has given me cushion to lose money while learning over the years. so that's why i said technically, yes i am profitable. on a consistent basis? no. but overall, very much in the green.
Ok not really profitable then, you just have money in the bank to help you practice while you learn, money to burn lol
@@vitsin87 the money in the bank is literally trading profits lol
$27 dollar loss - I’m calling that a break even day lol