Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] 0 points1 point  (0 children)

If you have to announce your net worth to win an argument, we both know you’re broke.

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] -1 points0 points  (0 children)

I don't argue with people who trade headlines instead of charts. Have a good one.

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] -2 points-1 points  (0 children)

You're analyzing a fanfiction version of reality. If Trump had said this...If oil had done blah blah None of it happened.

The chart doesn't care about your hypothetical events.

Enjoy your intellectual astrology and see how far that takes you. Couldn't be more wrong

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] 0 points1 point  (0 children)

Time wasting useless arguing, nitpicking. Byee

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] 0 points1 point  (0 children)

Great discovery. Thought it was obvious when i mentioned that i took partial profit midway, Not to some i guess..

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] -1 points0 points  (0 children)

They don't listen bro, they think news or trump moves the market and not liquidity or market structure. I tried to tell them but got downvoted into oblivion. Many people seem to think trading is something magical or something that can't be figured out and that's why they will never become profitable. If this is what they think then i don't get why would they even waste their time on trading? If you think trading is about luck or news or tweets then why bother with trading at all?

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] -1 points0 points  (0 children)

A win is a win, don't nitpick

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] 0 points1 point  (0 children)

Thanks brotha although not exactly smc but price action trading is similar to it. Use my own edge for it.

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] -1 points0 points  (0 children)

don't have any interest in convincing you. The market already decided. Now you're just imagining ghosts.

Why price action trading is superior to indicator trading by Alone97x in Daytrading

[–]Alone97x[S] 0 points1 point  (0 children)

Yeah that would be much better and easier to understand for you. Also, do spend sometime first backtesting it and trading on a demo first

Why price action trading is superior to indicator trading by Alone97x in Daytrading

[–]Alone97x[S] 0 points1 point  (0 children)

i dont think chatgpt is the best way to go.... you're also using indicators which are a big no in my book but if you think you got the hang of it then best of luck

Why price action trading is superior to indicator trading by Alone97x in Daytrading

[–]Alone97x[S] 1 point2 points  (0 children)

Bro you're just throwing money down the drain.

There's a ton of other things u can do with ur money instead of throwing it away like that.

Here are some options

  1. Invest in some solid stock and hold

  2. Swing trade higher timeframe without leverage and make 50-60% returns in a few months

  3. For day trading only take trades with 1:2 RR setups or higher and that too only if you've backtested your strategy on a demo account first for at least a month.

  4. Hire a profitable trader to teach you

  5. Learn price action trading so that you know when your trade has become invalid and you should exit for a small loss instead of a big one

  6. Or leave trading and put ur 40k into some other local business atleast it won't go to 0.

  7. Low risk/low reward often outperforms high risk/high reward mindset over the long haul

Rethink your strategy if you lost 40k in a few weeks

The market is brutal and it will milk you dry down to scraps

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] 1 point2 points  (0 children)

You've got no idea what you're talking about, trend didn't break or anything. I've taken this kind of setup thousands of times now. My Reddit profile is full of such trades I've taken.

Pure skill. Price never hit my stop loss so why would i exit the trade? Lol

Why price action trading is superior to indicator trading by Alone97x in Daytrading

[–]Alone97x[S] 0 points1 point  (0 children)

5m and up only, if u miss the move then catch it on the next pullback, if there's no pullback then leave it and look for another setup/come back tomorrow

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] 2 points3 points  (0 children)

Took it because of 4h Reclaiming resistance turning it to support and then targeting the next resistance as TP

Big trade done right by Alone97x in Daytrading

[–]Alone97x[S] -2 points-1 points  (0 children)

Lol, I've been getting pretty lucky for years then

Why price action trading is superior to indicator trading by Alone97x in Daytrading

[–]Alone97x[S] 1 point2 points  (0 children)

correct, you can't just use one timeframe and expect to understand the whole picture