• Nasdaq Trader • Momentum Investor • RCT Levels Concepts • MBI-EM Breadth Model • Always Use STOP LOSS
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Shoot your queries in the replies for one hour.
(Avoid stock specific queries about what will happen to stocks)
Will answer everyone.
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Journalling both the trades and emotions separately helps a lot of people in identifying these peices.
It can be SL placement, trend, situational awareness etc.
It can even be the indicators you might be using.
Mostly you will find it by getting a lot of losing trades having same piece. Even BE trade followed by that trade hitting your TP will also lead to identification of a damaged peice in your trading.
Whenever traders who are trying really hard to get better have a conversation with me, I can see they have pieces of a trading system but are never able to use them in sync.
Main reason is that those pieces are not compatible with each other but they are not willing to give up on it.
It's like you learnt from 4 different people with 4 different systems and took individual pieces of their systems and made something for your own.
Problem is that since the pieces are from different systems they never perform in sync which leads to underperformance.
The solution for this is either to completely adopt one system and then trade it and refine it.
Or again do a lot of trial and error and identify which pieces are leading to bad performance and replace/modify them.
In both cases, you cannot escape trial and error of actually trading and going through painful underperformance.
(Now I am just blabbering)
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Whenever traders who are trying really hard to get better have a conversation with me, I can see they have pieces of a trading system but are never able to use them in sync.
Main reason is that those pieces are not compatible with each other but they are not willing to give up on it.
It's like you learnt from 4 different people with 4 different systems and took individual pieces of their systems and made something for your own.
Problem is that since the pieces are from different systems they never perform in sync which leads to underperformance.
The solution for this is either to completely adopt one system and then trade it and refine it.
Or again do a lot of trial and error and identify which pieces are leading to bad performance and replace/modify them.
In both cases, you cannot escape trial and error of actually trading and going through painful underperformance.
(Now I am just blabbering)
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Society will call me a gambler but my minimum intraday postion size on nasdaq live account is 1000% and risk is 1-3%.
Yes their is always risk of ruin but the reward is too good not to do it.
Looking into these new perps firms but their liquidity is not convincing to me. Would love other traders opinions who have tried them.
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#GNA
Kept my SL too tight, paid the SL, and then it went up.
Should have just kept the SL bigger, as I did in the last leg.
Still on the watchlist, waiting for more development.
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$NASDAQ
Really wanted to short that double top but vwap below stopped me so had to work with retest short.
(First trade is eval for RCT NY)
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Btw it has been more than 100 days and I haven't got that live account @purdia
I have been live with 4 firms now but I don't think any of them took more than 20days.
It has been around 50 Days since submitting my documents to go live with @purdia, and I still haven't got the live account yet.
I have only ever bought one account with them, spending $670, and traded it for 1 month, and already taken out $5k, with $2k more also being approved. Have around $3k in balance to go live.
But haven't been able to trade anything this month due to hitting the payout cap. I have been live with other firms previously, and none took more than 20 days.
I love Purdia and their plans, but could you please speed up this process 🙏
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Everything looks so clear when you trade multiple assets.
On top of that you are never really scared about not making money.
What is this feeling @dayendtrader ?
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Baal Baal bache 😁
@finallynitin isko bhi crowded setup theory ke counting analysis mey daal de kya??
I think everyone tried it including us.
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#BLUESTONE
Gave opportunities 3 times
Let's see how big it goes
RF Trade
#MBI
From Yesterday's Space list
Carrying #BLUESTONE (Used SPURTS) and #SSWL (Normal ORB) today both of which were the best names.
Tried a few other names using spurts but closed in intra only.
Overall a good reaction but still we are near resistance.
EM at 11 border. I would still be cautious.
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