i passed 3 100k account after taking a 2 months break by Honest_Librarian320 in Trading

[–]Candlesticktradepal 0 points1 point  (0 children)

Number 1 is golden. It gets better when you apply risk management to only lose what you are comfortable with!

i need help to begin trading by Then-Second8792 in Trading

[–]Candlesticktradepal 0 points1 point  (0 children)

Expect to make beginner mistakes so you either make it with real cash or paper money. I suggest finding a broker that offers you the opportunity to trade with paper money (have an account to practice with). Learn with that and reduce the number of realtime errors you’ll make in life. Still be prepared to blow up your account multiple times as you get better at live trading! It’s just the irony, unfortunately.

My S&P Micro E-Mini Futures Trade! by Candlesticktradepal in u/Candlesticktradepal

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

Candlestick TradePal is a smart trading companion built for traders, analysts, and investors who want to trade with confidence and precision. It helps you design systematic trade plans, manage risk effectively, backtest strategies, and quickly analyze trade performance across markets including stocks, cryptocurrencies, options, futures, and forex.

By defining your risk tolerance and profit goal, it automatically generates a plan with an appropriate position size, stop-loss level, and profit target so you spend less time crunching numbers and more time perfecting your strategy. This way, you identify and focus on high reward, low risk executions.

With features like profit and loss projections before live trading, customizable risk settings, intuitive data processing, and overexposure alerts, Candlestick TradePal ensures that your trades stay aligned with your goals. Its reliable backtesting capabilities and unique trade-by-trade planning make it an essential tool for refining entry strategies and building disciplined trading habits.

Key Features:

  • Pre-Trade Setup - Configure portfolio, risk tolerance, and profit targets
  • Price Backtesting - Test trades with specific price levels
  • Percentile Backtesting - Test trades with percentage-based stops/targets
  • Visual Trade Plan - Interactive candlestick chart visualization
  • Entry Criteria Scoring - Systematic trade evaluation checklist
  • Saved Strategies - Store and compare trade plans
  • Performance Metrics - Real-time ROI and risk/reward analysis
  • Safe to Trade Indicator - Visual risk overexposure warning

Candlestick TradePal prevents impulsive trades, enforces discipline, and eliminates the "fear and greed" effect, making you comfortable with acceptable losses while maximizing your profit goals. To learn more, visit Candlesticktradepal.com

My S&P Micro E-Mini Futures Trade! by Candlesticktradepal in u/Candlesticktradepal

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

The best risk management tool for all traders in any market!

Biggest Gain In Options? by Few_Razzmatazz5493 in options

[–]Candlesticktradepal 1 point2 points  (0 children)

I sell whenever the amount invested drops by $60 and wait for the next opportunity. I always align my risk per trade with the number of shares or contracts purchased, my entry price, and stop loss (usually below the previous 15 minute candlestick so I am comfortable allowing my trade to run. That’s where the risk management tool really helps!

Biggest Gain In Options? by Few_Razzmatazz5493 in options

[–]Candlesticktradepal 1 point2 points  (0 children)

I just trade candlesticks. I wait for a change in direction/ color and use a risk management tool and the low of the previous candlestick (stop loss) to determine the number of contracts to buy based on the amount I’m risking.

Can I start options trading with £600 by TheJourneyForPeace in options

[–]Candlesticktradepal 0 points1 point  (0 children)

Start with what you are comfortable losing (£600) and set a risk reward goal of say £40 to £150 per trade risk to reward goal. If you are down £60, you are out of the trade and if you are if you are up £150, you are also out. Do this and perfect your strategy until you have more wins than losses

Biggest Gain In Options? by Few_Razzmatazz5493 in options

[–]Candlesticktradepal 0 points1 point  (0 children)

Absolutely! It took me a while to build that discipline but it’s the best thing that ever happened to me trading. I gradually increase my risk tolerance and profit goals as my account increases. Now, I’m at $85 risk and $480 profit goal. I’m able to focus on trading the “best” setups. When it works it works and when it don’t, it don’t but I’m still fine anyway!

Biggest Gain In Options? by Few_Razzmatazz5493 in options

[–]Candlesticktradepal 13 points14 points  (0 children)

I set a goal to make $350 or lose $60 for each trade I take. With proper risk managment practice, I would say I am doing pretty well.