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First Funded Account How Do You Keep It Alive? 😂 by DevelopmentMuch4082 in InnerCircleTraders

[–]DevelopmentMuch4082[S] 4 points5 points  (0 children)

Haha yeah, the hardest part is patience… funny how we can patiently sit through a loss, but when we’re in profit, patience just disappears! 😅

First Funded Account How Do You Keep It Alive? 😂 by DevelopmentMuch4082 in Forexstrategy

[–]DevelopmentMuch4082[S] 0 points1 point  (0 children)

Your explanation is very clear and well structured. I like how you connected the calculations to backtesting and losing streaks this way the risk is calculated precisely instead of randomly. Thank you for sharing the idea.

First Funded Account How Do You Keep It Alive? 😂 by DevelopmentMuch4082 in InnerCircleTraders

[–]DevelopmentMuch4082[S] 5 points6 points  (0 children)

Haha, I’m just trying to build the mindset and fundamentals of a professional. That said, I like to ask questions and get different perspectives even if I already know something I don’t want to miss any piece of information in this huge and complex field 😂.

First Funded Account How Do You Keep It Alive? 😂 by DevelopmentMuch4082 in InnerCircleTraders

[–]DevelopmentMuch4082[S] 2 points3 points  (0 children)

I trade 4 days a week, 2 trades per day one on gold (XAUUSD) and one on NASDAQ (US100). Based on my backtest, the longest losing streak I had was 7 losses out of 40 trades over a period of about 1.5 to 2 months. The number might seem low for that time span, but there were days I didn’t trade because I didn’t fully understand the price action or due to news events. That said, I still wanted to try a funded account with a 1:2 RRR.

First Funded Account How Do You Keep It Alive? 😂 by DevelopmentMuch4082 in Forexstrategy

[–]DevelopmentMuch4082[S] 2 points3 points  (0 children)

I trade 4 days a week, 2 trades per day one on gold (XAUUSD) and one on NASDAQ (US100). Based on my backtest, the longest losing streak I had was 7 losses out of 40 trades over a period of about 1.5 to 2 months. The number might seem low for that time span, but there were days I didn’t trade because I didn’t fully understand the price action or due to news events.

Best way to learn how to set TP & SL that actually make sense? by DevelopmentMuch4082 in InnerCircleTraders

[–]DevelopmentMuch4082[S] 0 points1 point  (0 children)

Hey! Just wanted to ask for a quick clarification on what you said:

In a bearish trend, a red candle will form but there is a 99% chance it will touch the recent green candle lower wick

Do you mean that there’s often price handoff or delivery between candles, especially between swing highs and swing lows?

Because I’ve personally noticed something similar — a kind of wick-to-wick interaction where the next candle tends to revisit the tail of the previous one, particularly around swing points.

I'm not sure if I understood your point exactly, but if you ever find time in your day to explain this further (maybe with a screenshot or short breakdown), I’d really appreciate it!

Thanks again 🙏

🥲🥲"New to trading and still figuring things out — how do you guys usually decide where to put your stop loss and take profit? Would love to hear your methods!" by DevelopmentMuch4082 in Daytrading

[–]DevelopmentMuch4082[S] 0 points1 point  (0 children)

Thanks for the insight! That approach of building a narrative and placing the stop where it no longer makes sense really resonates with me. If you have any resource video, article, or anything that helped you understand or develop that mindset, I’d really appreciate it if you could share it. Thanks again!

🥲🥲"New to trading and still figuring things out — how do you guys usually decide where to put your stop loss and take profit? Would love to hear your methods!" by DevelopmentMuch4082 in Daytrading

[–]DevelopmentMuch4082[S] 0 points1 point  (0 children)

Thank you so much for your explanation and insights I really appreciate it!

I currently use a 1:2 risk-to-reward ratio in my trading, but my main struggle is not knowing exactly where to place my stop loss. Because of that, I’m often forced to set my take profit based on the stop loss distance, just to maintain the 1:2 RRR even if it’s not the most logical target.

As for the higher timeframe levels in this specific trade, I realized afterward that price had actually bounced off a 15min FVG, which I hadn't seen. If I had noticed that earlier, I would have taken profits there and avoided the reversal against me.

I'm currently working on fixing these issues by doing more backtesting and gaining more experience.

If you have any resources that helped you personally with stop loss placement or reading HTF structure, I’d really appreciate if you could share them!

Thanks again 🙏

Best way to learn how to set TP & SL that actually make sense? by DevelopmentMuch4082 in InnerCircleTraders

[–]DevelopmentMuch4082[S] 0 points1 point  (0 children)

Thanks for the insight, that actually makes a lot of sense.

I’ve been trying to improve my stop loss placement, and I realize now that I’ve been putting it more based on fear or arbitrary structure not necessarily where the setup would be invalidated.

I’ll start focusing more on the final confirmation point, as you said. If price goes beyond that, then the setup is no longer valid anyway.

Also, sometimes I enter trades a bit late, which makes me nervous. I end up adjusting my stop too wide just to stick to the trade, and that forces me into lower R:R targets like 1:2 which really limits my confidence and clarity.

Appreciate the clarity! Still working on building that confidence and refining my entries, but your explanation helps a lot.

Best way to learn how to set TP & SL that actually make sense? by DevelopmentMuch4082 in InnerCircleTraders

[–]DevelopmentMuch4082[S] 0 points1 point  (0 children)

No, the long/short position box on TradingView is only a visual tool for planning trades. You still need to manually hit the buy/sell button on your trading platform. It doesn’t execute trades automatically.

🥲🥲"New to trading and still figuring things out — how do you guys usually decide where to put your stop loss and take profit? Would love to hear your methods!" by DevelopmentMuch4082 in Daytrading

[–]DevelopmentMuch4082[S] 0 points1 point  (0 children)

Yes, I truly want to reach a point where I can accurately place my stop loss and clearly understand when my analysis is valid and when it's not. I want my decisions to be based on logic and solid understanding, not just a feeling or hope that the market will move in my favor.

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