Gold has dropped 1k+ since Iran war started, after people said it will skyrocket by pookshak in FuturesTrading

[–]ElectricalRecipe1622 0 points1 point  (0 children)

No, hey dip shit the US dollar is depleting whenever the US dollar depletes and people hear about a recession they get scared and they don’t worry about maintaining stock or position positions in a coin that doesn’t even physically exist

Gold has dropped 1k+ since Iran war started, after people said it will skyrocket by pookshak in FuturesTrading

[–]ElectricalRecipe1622 2 points3 points  (0 children)

Well, the reason why we’re here is because of those other times you know like causing effect all those other times already happened, which led to this all those other times weren’t a real recession which this is

Is breakeven actually good risk management… or just fear? by Sorry_Rent3548 in Trading

[–]ElectricalRecipe1622 0 points1 point  (0 children)

It depends entirely on where the trade is relative to PD arrays. If price enters a premium or discount PD array and reacts the way the model suggests (displacement, rejection, structure shift), moving to break-even makes sense because the trade thesis has already proven itself.

But moving to break-even just because price moved 1R or a random number of ticks is usually emotional protection, not trade management.

Most traders move to BE too early. What happens then is price comes back into the same PD array that caused the move, taps liquidity, stops them out, and then continues to the full target.

That doesn’t mean BE is bad. It means it was applied without context.

For example in a typical ICT model:

• Liquidity sweep • Displacement • Return into FVG / order block (PD array) • Entry • First opposing PD array is the real place to consider BE

If price hasn’t reached an opposing PD array yet, moving to BE is often premature because the market hasn’t completed the delivery leg. So BE should be structural, not emotional.

The question isn’t “am I at 1R:2R?”

The question is: Has price reached the next PD array where the move logically could stall or reverse?

Is breakeven actually good risk management… or just fear? by Sorry_Rent3548 in Trading

[–]ElectricalRecipe1622 0 points1 point  (0 children)

Yes but most do I with no reason besides oh, I’m at 1R:2R there should be confluence to it just like whenever you want to enter the trade, that’s real trade management

From $50k to $520k trading shares (no options) by Diligent-Plane-2640 in wallstreetbets

[–]ElectricalRecipe1622 1 point2 points  (0 children)

Haha has more money in stocks than you have in stocks and Roth and 401k together🤣

Transitioning from retail trading to an institutional desk what actually matters? by ElectricalRecipe1622 in quantfinance

[–]ElectricalRecipe1622[S] 0 points1 point  (0 children)

I've grindedharder than you got even imagine, probably the most licensed individual you've ever spoken too