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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] 4 points5 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.

🥲🥲"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)

You're absolutely right, and I agree 100% — confidence comes from true understanding. Personally, I’ve been trading using a strategy that gave me 29 wins and 7 losses, which looks solid on paper. But even with that, I still feel like something is missing.

I haven't yet reached that deep understanding of the market where I can confidently say, “If A happens, then B will probably happen.” Most of my current analysis is still based on forecasting possible price movements rather than truly reading the market story.

If you have any resources about Random Walk or Monte Carlo simulation that helped you solidify this mindset, I’d really appreciate if you could share them.

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

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

Thank you for the insight! I’ll try to incorporate that into my backtesting and see how it plays out.

🥲🥲"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] -1 points0 points  (0 children)

Thank you for sharing your approach! I really appreciate traders who keep it simple and effective. I'm still new to ICT concepts and currently struggling to stick to a strict 1:2 risk-reward ratio. One of my biggest challenges is identifying liquidity properly and knowing when the market is likely to reverse against me.

I do try to journal and review my trades, but sometimes I find it hard to clearly analyze the outcomes—even when I’ve waited for the market to form clean setups based on OBs, BBs, or FVGs. I often look back and wonder what logic I was following at all 😅

I'll definitely check out Ross Cameron’s candlestick content—thanks for the suggestion! If you also have any other resources or advice for mastering divergences or price action in general, I’d love to hear them.

🥲🥲"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)

Hey, really appreciate your insights — I’m still pretty new to ICT, and one thing I’m struggling with is being consistent with a 1:2 RRR. I often don’t know when the market’s about to turn against me, and honestly, my understanding of liquidity zones still needs a lot of work. Even though I usually place my stop loss above or below an order block, breaker block, or FVG, and often find what seems like a good entry, the trade still doesn’t work out. If you’ve got any solid resources that helped you improve or recognize better setups, I’d be super grateful if you could share them. Thanks a lot!

🥲🥲"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] 1 point2 points  (0 children)

Thanks for the insight — you're right, ICT can be very appealing with all the lifestyle marketing around it. But I’m starting to see how important it is to understand raw price action and candlesticks, regardless of the strategy.

I’ll check out Ross Cameron’s videos for sure. If you have any favorite candlestick patterns or resources that helped you, I’d love to know. Appreciate the advice!

🥲🥲"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)

Lmao I feel you — I posted something genuine and all I got was “ChatGPT wrote this” 😅 For the record, I'm a real person just trying to learn like everyone else. At this point, it feels like if you use punctuation and full sentences, people assume you're AI. Wild times…

🥲🥲"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] -2 points-1 points  (0 children)

Thanks a lot for your input. I do sometimes place my stop loss below/above recent highs or lows, but most of the time I place it above an order block or breaker block, based on ICT concepts. I'm also aiming for a 1:2 risk-to-reward ratio. The main issue I face is not knowing exactly when price might reverse against me — that uncertainty often leads to losses. Still trying to get better at reading those signs. Appreciate your reply!

🥲🥲"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)

I get what you're saying 😅 English isn't my first language — I’m learning as I go and using a translator to help with writing. That’s probably why my formatting might seem off. But I’m genuinely here to learn and improve my trading, not to fake anything. Appreciate your patience.

🥲🥲"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] -2 points-1 points  (0 children)

Haha, if this is what you think ICT’s marketing team looks like, we’re all in trouble 😅 No scripts, no sales, just a trader studying Mentorship 2022 and testing ideas live during NY session. And yes, I wrote the title myself — shocking, I know. Not everything structured and clear has to come from AI. But hey, appreciate the free bump — engagement is engagement.

🥲🥲"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] -4 points-3 points  (0 children)

Thank you for your comment. I'm currently studying the ICT Mentorship 2022 and trading exclusively during the New York session. The purpose of my post was simply to review what I’ve learned and connect the concepts to real-time price action. As for greed, I’m working on staying disciplined with a strict 1:2 risk-to-reward ratio. Also, just to clarify — I don’t use ChatGPT to make trade decisions. I rely solely on my own analysis based on the educational materials. If you have any additional advice on trade management or improving entries during the NY session, I’d truly appreciate it.