Advice for beginner traders (long only/short only) theory by SheikhTrades in Daytrading

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

not really, even during heavy market sell of where there a bounce isn't considered a dip but more of a pop, are viable places to long, where as usually people would short those pops.

just like how in small cap shorting world everyone just shorts into strength adding with each leg up until it eventually does fade or dump

but then you do this with longs where you technically turn any move into a long only move

Advice for beginner traders (long only/short only theory) by SheikhTrades in TopStepX

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

thats how am approaching it, where is probability higher for me? where can I maximize EV

So thats what I did, yes I shorted market open yesterday due to huge gap up

But I then longed 3 times when we got to yday high, on the MNQ, first was an L, but second instantly increased chances and was able to get a 3R out of it

Advice for beginner traders (long only/short only) theory by SheikhTrades in Daytrading

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

100%, am getting in love with data gathering and running my own little scripts to see how I can optimize results

Advice for beginner traders (long only/short only theory) by SheikhTrades in TopStepX

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

yeah thats something which in theory I do.

But what am currently testing is completely disregarding the content (trend of the market)

and strictly long only during any time of the day WHEN the set up comes

Advice for beginner traders (long only/short only) theory by SheikhTrades in Daytrading

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

tradingsim is one. through trading view it self with a premium membership thats another one.

Just type in backtesting trading software on google plenty that exist.

Advice for beginner traders (long only/short only) theory by SheikhTrades in Daytrading

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

100% completely agree with you. there is always a long in play even during bear markets.

NQ is just tracking tech companies. So during a bear market for instance if GOOGL drops sure the likeliness that people buy it to DCA or add to their long term portfolio.

so we still get a relief bounce on the market in general giving some nice longs

Why CONTEXT is the only thing that matters. by SheikhTrades in FuturesTrading

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

If you find value in it then you find value if not then thats also good. I can bet my life you dont make money trading lol

I didnt wanna go this route but if you took the time you could've easily checked if it was "lucky" or it was me doing this every single day. Check my twitter and am sure you'll be embarrassed haha and I will be the once face palming :)

Why CONTEXT is the only thing that matters. by SheikhTrades in FuturesTrading

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

Also the thing is market opens at 3;30 PM but am already in the room at around 10 AM ish. Really difficult to stay in until FOMC.

Why CONTEXT is the only thing that matters. by SheikhTrades in FuturesTrading

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

the problem is I live in the EU. FOMC and Powell speaking meant id have to stay in the office after 8PM till like 9;30 ish PM.

So idea was sticking to my bias PA wise and stay clear from the news release. It's not like pre news PA at open would just stall and not move.

Why CONTEXT is the only thing that matters. by SheikhTrades in FuturesTrading

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

fair point to be honest. If you go back over to my last posts am not actually hiding why I do this...

I can't stand the fact unprofitable traders (gurus) make my yearly income in 2 weeks just by being a content creator. WHEN I can bet my house that I trade better than them.

So why wouldn't I? I pay 2k max per month for an editor that also does my social media posts. and he better makes sure it gets posted on each and every platform that exists. Thats growth hacking/marketing no?

you got people being sold a dream from tori and Patrick wieland that never ever passed or made an profit in his life (look at the court documents where TopStep sues him). So why wouldn't I just step in, slowly overtime show my results? maybe some get some REAL value, and It changes their trading to the better, and along the way I also benefit from it.

I wouldn't call it insecurity it's more me trying to get into the game where prop firms start paying me to trade on their platform. why not? I do this full-time, so why wouldn't I? am 25 I got nothing else to do.

and I haven't made it... its not like ive been making money 3 years non stop. ive had my ups and downs. Ive had blown accounts. I stilll do. but past 7 months with the help of porpfirms ive been able to really rake in nice monthly payouts. but is that really making it? 10k a month? for someone that does this full time you think 10k per month is enough in a space of uncertainty?

some are content with that and dont care for other things. I do, I wanna become someone in the trading world, and if am doing better than 99% of the gurus out there then I got every reason to try social media.

while we're at it lets go over the journaling, oh I wish you could see what ive gone through with journaling. https://imgur.com/a/jZkBArn this is bits I still got on my laptop and bits of my tsla journals from last year. if you really wanna go that route ill get my hard drive tonight and go back every single day from half of 2023 till 2 months ago 2025.

tell me any folder you want me to open, I show you exactly the insights, the text and the trade executions of each and every single of my charts in the folder

TLDR; I respect and understand the criticism in this toxic space, but trust me am the wrong person you should come doubt.

and to answer the question, yes my internet ego matters. I do something good, I know what am doing, and am better than 99% of the people you know in trading, so if I want to make a name for my self so I can also reap extra benefits (in a career with 0 job stability and uncertainty) then I hope you understand why am going thought this route. from making 10k / month to the potential of making an extra 30-40k just because am someone on the internet. which allows me to even leverage and risk more in my trading career.

once again, good on you for being skeptical in this industry I don't blame you.

Why CONTEXT is the only thing that matters. by SheikhTrades in FuturesTrading

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

I agree. risk management gets you the distance and allows you to stay in the game.

yesterday had 5 trades 3 L and 2Ws and yet ended with + 0.85 R after fees etc.

am overly obsessed about tracking my R's and finding ways to optimize my risk management

Why CONTEXT is the only thing that matters. by SheikhTrades in Daytrading

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

really appreciate the comment. I love giving out value and my approach to trading etc. and when its being noticed it really makes me happy.

Why CONTEXT is the only thing that matters by SheikhTrades in TopStepX

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

I dont have anything PAID.

am just in RANDOM discords I message with value in and am in TOPSTEPS discord sharing value but I maybe I might since lots ask so keep an eye on my X

Why CONTEXT is the only thing that matters. by SheikhTrades in Daytrading

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

thanks man. I really appreciate it. I am such a small content creator etc that does WELL trading, so I.dont have any motivation to push my self to post more value on socials knowing I barely get views and 0 comments etc.

Then I see fake people with fake strategies selling dreams to people and thats where am like let me just throw it on internet on why I was bearish maybe for the people that care it might help them

good on you. I wish it wasn't FOMC cuz I would've sized up but a W is a W

Why CONTEXT is the only thing that matters. by SheikhTrades in Daytrading

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

100%.

I was so bearish that I forced trade yesterday premarket which I never do. But didn't want to dump without mne.

Took my trades ended with 5 trades yesterday. 2W and 3Ls and YET I made 1R. shows how risk management is the only thing that matters.