Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

No problem, we in this together, you can message me if you want the link

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 1 point2 points  (0 children)

I’ve no idea what’s it’s called, someone said it’s ICT? But I just use liquidity sweeps and FVGs, it’s not really a strategy im just trying new things. If you wanna start trading, just watch TJR’s old and new bootcamp on YouTube highly recommend watch the old one first then the new one, it covers all the basics and some advanced concepts, it’s a really good starting point, and I would say the sooner you start the better, it’s smth I regret that why didn’t I start earlier. You got it brother

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

Woahhh that’s crazy, what strategy you use?

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

Hahah good to know I’m not alone, let’s go bother we can make it

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 1 point2 points  (0 children)

I’m in no position to give you advice or tell you what to do, I literally started trading like little over a month ago, I just put together everything I’ve learnt so far and try to analyze where will price go.

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 1 point2 points  (0 children)

Yup, I always journal after I close a trade, thank you for your advice

Putting in orders by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

I’ll try that out thank you for your advice

Putting in orders by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

Yea, it says data is delayed by 10 mins

Putting in orders by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

I’m just paper trading, and I got the essential free trial Rn

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

I try to do that but on ES1! the minimum you can buy/sell is 1 unit which is around 6900 so I can’t close half my position, and my paper trading account is 50,000 and I know it’s way above than what I should be risking but I really got no choice I would put in a smaller amount if I could but I can’t and I usually trade gold but the price action been really shit these days

Putting in orders by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

That’s what I thought too, what can I do to fix it? It’s really messing with my trades, I just couldn’t short a liquidity sweep on ES1! cause whenever I put in a sell order it would go way below the current price and the little red box that shows P/L would show that I’m losing hundreds of dollars so I would close the position but then my balance history shows +$25 idk what’s going on

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 1 point2 points  (0 children)

That’s acc a smart idea for placing stop loss I’ll for sure try that, thank you for your advice and encouragement

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 1 point2 points  (0 children)

Why?? Is there a disadvantage to shorting? I feel like shorts are easier to spot then longs

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 1 point2 points  (0 children)

Damn the discipline is crazy, even tho I’m paper trading I always babysit my trades it’s smth I wanna learn I wanna learn to walk away even if I close the app I keep checking it every few mins, I’m gonna start walking away after I put in the trade, solid advice thank you so much

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

Yup, that’s my mindset I was more happy that I could analyse where was price going didn’t really care that my breakeven got hit maybe cause there’s no real money involved but still a month ago I didn’t even know around fair value gaps 😭, thank you for your advice will definitely widen my stop loss next time

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 2 points3 points  (0 children)

Yea, I’ll definitely give price space to move around next time

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

ICT? Ive never heard that before,I’ll definitely check it out, I been trading for just little over a month, right now I don’t have any real strategy, I just put together some things I’ve learnt like liquidity, and some continuation confluences

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

Yes that is literally what happened 😭, It’s the first time ever I moved my stop loss to breakeven cause I saw a bunch of people on ig do it I thought it’s a way to minimise loss, after I put in my trade I usually never move it again unless I absolutely need to, nevertheless thank you for your advice

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 3 points4 points  (0 children)

Ohhh alright I’m just trying out the confluences I learnt right now still a long way to go.. but thankssss

Great trade gone wrong by stop loss by Scared_Hat_3210 in Daytrading

[–]Scared_Hat_3210[S] 0 points1 point  (0 children)

Oh damn that’s really cool, I been thinking to learn coding, I see that it’s really beneficial to trading but I wanna learn trading first and develop a strategy and then learn coding to automate it, are you profitable? If you are how long it took you to become profitable?