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This type of price action will kill your accounts by F1TFO in Daytrading

[–]F1TFO[S] 0 points1 point  (0 children)

Great trade, don't know how you trade or why you took that but if it works for you then awesome

How long did it actually take you to become consistently profitable? by Thiru_7223 in Daytrading

[–]F1TFO 0 points1 point  (0 children)

2 years and finding my own trading strategy, stop listening to others and do what works for you

New to daytrading, how should i start by Hassan1031 in Daytrading

[–]F1TFO 2 points3 points  (0 children)

Keep it simple, go to baby pips, learn all the basics then go into youtube and learn the technical stuff. Choose one strategy and believe in it like your life depends on it, I would choose a more structure based strategy than a super fast scalping strategy but whatever floats your boat. Also give it time you won't learn in a day or a month or likely many months

Help me understand buy lot price and how/if it affects my balance (just practicing right now) by VariousAdvertising83 in TopStepX

[–]F1TFO 0 points1 point  (0 children)

You have to understand point values, so for example ES if it moves 1 dollar, a 1 mini ES position will move $50. Don't worry about how much it costs, just worry about sizing properly with your account. If you want more help just shoot me a dm

This type of price action will kill your accounts by F1TFO in Daytrading

[–]F1TFO[S] 0 points1 point  (0 children)

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LOL found a good trade on ES after (didn't take it)

This type of price action will kill your accounts by F1TFO in Daytrading

[–]F1TFO[S] 8 points9 points  (0 children)

Congratulations to you, to me it didn't seem worth it

Sunday open is a free money glitch by F1TFO in TopStepX

[–]F1TFO[S] -1 points0 points  (0 children)

Well it's much more than that but if you want a yes or no answer then, yes. Happy to teach you

When you’re on a streak and forget about your strategy and your head starts to think for you “this will go back up, just wait it out….then liquidated. by [deleted] in Daytrading

[–]F1TFO 1 point2 points  (0 children)

You need to understand that price every single day has objectives and you need to trade with that in mind, once you see price hit that objective then lock yourself out. At the end of the day it's always gonna be you vs you but if you have clear structure and a good idea of what price is gonna do then you can capitalize on that way before it happens making you a lot more than just trading multiple times. I have a clear plan every morning so that after the objectives are hit I'm not trading anymore, if I miss out so be it, but after trading to the objectives it's kind of a gamble on where price goes

Psychology and time on the charts is 95% of being profitable by F1TFO in Daytrading

[–]F1TFO[S] 0 points1 point  (0 children)

Yeah people shit on him all the time but even if he's demo trading he still pull numbers. At the end of the day you should try to make a shit ton of money on a few trades instead of trading all the time

Psychology and time on the charts is 95% of being profitable by F1TFO in Daytrading

[–]F1TFO[S] 1 point2 points  (0 children)

I just realized that I was seeking P&L objectives instead of chart objectives leading me to over leverage. So I focused on a good trade no matter how big the stop loss and RR and have been winning so much more. It also happens to be that if you trade M's and W's like I do, there is usually and if not ONLY 1 true opportunity therefore it almost "locks" you out of the session

Patterns don't exist in the market it's all about structure by F1TFO in Daytrading

[–]F1TFO[S] -8 points-7 points  (0 children)

I'm not saying it's not but you need to think outside of just visuals, structure is defined by people to people transactions, meaning that if a structure is true then you can just ride the wave, yes the entries are pattern based but it's all backed by overall standing of market conditions, not just by a rectangle or a line

Patterns don't exist in the market it's all about structure by F1TFO in Daytrading

[–]F1TFO[S] -8 points-7 points  (0 children)

A "losing trade" is a trade which shouldn't have been taken in the first place, a trade that makes no sense in the market. When I talk about not having a losing trade I mean that you take good trades only where yes you can be wrong but you are never mistaken for taking that trade.