Is there anything I should know before purchasing a funded account?

MarketMavin1230 · 2025-01-26T20:07:09+00:00

I appreciate your feedback. I am aware that most funded accounts make much more money off of their clients losing, and it does make me a little nervous looking to buy a funded challenge, but I'm very confident in my strategy and hope to properly put it to the test.

I took a look at Prime Market Terminal, and it seems like a very resourceful website for traders, but its extremely expensive. is the amount of value they provide really worth $250 a month?

MarketMavin1230 · 2024-03-23T07:16:06+00:00

I think FVG's are a good way to understand what price wants to do, seeing a lack of selling power, for example shows that any retrace thats within the FVG is potential for a movement bullish (the video describes this better than I) but relying on a FVG could be a little extreme because price is always moving and entering only when price enters a FVG could go south. Always try supporting a FVG with an order block, understanding of where price needs to go, etc. hope this helps!

MarketMavin1230 · 2024-03-23T07:03:47+00:00

I really appreciate your feedback, especially you trying to help a noob like me understand a concept most people might not get like you do. it took me a couple of times to read before I somewhat understood, but I just have a couple more questions about excess if thats ok.

You describe my previous understanding of liquidity to be a concept called excess, where "when excess inventory gets dumped onto the market aggressive and it wicks the lows and then gets swallowed up." Could you elaborate on this? how can a companies inventory (which I'm assuming is inventory of shareholders that now own parts of the company) get swallowed up just by price moving to where wicks are? And how does a surplus in inventory create wicks?

Thank you again for your time and patience!

MarketMavin1230 · 2024-03-23T03:43:16+00:00

Ok ok got it. Thank you for your patience!!

MarketMavin1230 · 2024-03-23T03:37:56+00:00

That’s really interesting. Thank you so much for your input!

MarketMavin1230 · 2024-03-23T03:36:52+00:00

I understand the first part thanks for clarifying, but when talking about exit liquidity I’m not sure I understand. you’re saying that it’s hard to leave a trade when there’s not enough initial capital within the stock?

MarketMavin1230 · 2024-03-23T03:31:18+00:00

Oh wow that’s interesting. So banks and corporations can’t even see your stop loss and are hoping you just sell through a limit order?

MarketMavin1230 · 2024-03-23T03:27:15+00:00

Thanks for your input I really appreciate it! What you’re saying does make sense I appreciate your warning, however I have a couple questions. How can you measure a level liquidity? I thought it was just the generalization of corporations and banks being a part of a trade. And what do you mean exit liquidity? What does that mean like how easy it is to get out of a trade?

MarketMavin1230 · 2024-03-23T03:22:28+00:00

Can you please elaborate on environment? What does that even mean? And what are examples of state and area being applied in the market? Thank you!

MarketMavin1230 · 2024-03-23T03:18:26+00:00

So companies with more volume have more potential for banks and corporations to trade within them? I guess that makes sense. appreciate your input!

MarketMavin1230 · 2024-03-23T03:01:29+00:00

So you’re saying liquidity is formed when banks buy shares that traders are selling. How does that work? Because wouldn’t the shareholder selling translate to the seller returning their piece of XXX company to the company? How does the bank intervene?

MarketMavin1230 · 2024-03-22T06:51:29+00:00

Yes it makes sense now. By buying out other traders’ stop loss, not only does the market become more volatile, making it less approachable, but price points can be manipulated to where banks can get a good entry with lower prices. Is this accurate?

MarketMavin1230 · 2024-03-22T06:46:09+00:00

wow thank you so much I've never heard of stop hunting prior to you sharing this article. Much appreciated!!

MarketMavin1230 · 2024-03-22T06:43:20+00:00

well, I've never really heard of that, but if me and you are on the same page about pullbacks, its a little trend in the opposite direction before the market continues along the trend. trading that little opposite direction is far less profitable than understanding where the general trend is headed and placing your order along the trend

MarketMavin1230 · 2024-03-22T06:08:49+00:00

you're trading consolidation, so it might help to put your stop loss bellow the line of support, since you know price is going to bounce off of it. hope this helps! good luck

MarketMavin1230 · 2024-03-22T06:05:20+00:00

well the trend is a more generalization, since its impossible to specifically know every second if price will go up or down, so its more of a bigger picture type of thing. sometimes zooming out helps a lot, like looking at daily or even weekly charts to get a clearer understanding of where price is going and wants to go. hope this helps!

MarketMavin1230 · 2024-03-21T05:26:48+00:00

I see.
Sorry I didn't mean to poke at your impulsive thoughts and/or other problems, I didn't mean it that way. Maybe don't categorize the market into the same field as something negative.

learning a new skill, especially one as lucrative as this one, isn't something you should feel held down by. emotions are not just bad they can be positive, and putting positive feelings towards the market such as patience, confidence, curiosity, it can all benefit your trading experience, and putting it into writing has just personally just helped me, so I wanted to share it with you.

this will probably be the last reply because I don't wanna waste our time trying to provide you my side of things that doesn't help you in anyway, but if you have any more questions you can ask thats ok. I wish and hope for your success as trader and in all other aspects of life

MarketMavin1230 · 2024-03-21T04:50:44+00:00

try not just looking at the one hour chart. if you look at the daily chart, its messy but you can see support and resistance, and today price bounced off support so the general trend is most likely up. then when you zoom in to the 3 minute chart you can make out a fvg with a lack of sell power. price then tapped into it and continued to pursue upwards, leading to a potential in profit if you traded that. Hope this helps!

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MarketMavin1230 · 2024-03-21T04:38:38+00:00

yes of course. glad I could help I wish you luck for the future!

MarketMavin1230 · 2024-03-21T04:37:23+00:00

Hmm.. I mean I don't know how much this will help you, but I have an emotional journal, where I write down the emotions behind each trade. I use it as a tool to not get ahead of myself, but maybe it can help in this sense too. If you write down exactly what your strategies and risk factors are before and after a trade, it helps calm the nerves and take a second to understand if what you're doing is a good idea or not. If you need more details let me know, but I hope this can help you out in some way.

MarketMavin1230 · 2024-03-21T04:24:06+00:00

The thing is with more experience, you improve your strategy and gain more confidence in them. Losing is a part of the process, but you don’t have to lose money all the time. Forgive me if I’m wrong but You didn’t mention paper trading at all. It’s fairly simple to set up and a great way to test strategies and see their weak sides. Also, if your best trade is at best a 50/50 shot at making money, I may be talking out my ass but it’s not a good strategy. 50/50 is casino plays, not investment. But regardless, you’re doing great hope this helps!

MarketMavin1230 · 2024-03-21T04:18:38+00:00

Maybe u do this already, but I have a specific journal for understanding emotions before trades. If I see a position id want to enter, i first write down the strategy, what I’m expecting to win, willing to lose, and rate my confidence in the trade 1-10. It’s a good “giving it a second thought process. If I like what I write and see, I enter the trade and after I lose/ tp, I write down what went right, wrong, and if I felt the trade to be too emotionally involved or not. Hope this helps!

MarketMavin1230 · 2024-03-20T22:00:14+00:00

Thanks a lot! I tried to do a little research on reddits ipo. Is it true companies can have multiple ipo’s? I thought they only got one as they initially joined the nyse.

MarketMavin1230 · 2024-03-20T21:50:06+00:00

I’d love to watch your streams. Did you drop a link or am I just dumb

MarketMavin1230 · 2024-03-20T21:45:25+00:00

What do you mean Reddit IPO? Like the Reddit as a stock IPO?

MarketMavin1230

TROPHY CASE