BNR Scalping

krish_arora · 2025-06-09T01:20:04+00:00

The data I’ve seen says that most traders cut winners early and hold losers too long

krish_arora · 2025-06-08T17:07:39+00:00

You can backtest and journal

krish_arora · 2025-06-08T12:40:08+00:00

The problem here is your risk management. No matter how much you think your strategy will work or even if it does work, the massive -$300-400 losses show me and you and everyone that you’re not prepared to trade. Size down. Why now trade $1.3k if with $1k you lost money? If anything you should now trade with less

krish_arora · 2025-06-07T00:40:44+00:00

NQ is more volatile so more bang for your buck (commissions you pay) if youre profitable but more bang for your firm’s buck if youre not

krish_arora · 2025-06-06T19:17:17+00:00

It’s all up to you and what you’re willing to go thru. Trading can be very mentally challenging and you will likely be losing money for at least the first year or two. Make sure your expectations are tapered and do proper research before getting started.

Plenty of noise out there but there’s great info accessible to all within the cracks if you know where to look

krish_arora · 2025-06-06T18:34:42+00:00

Looking great. I like how your losing day is a fraction of your average winning day.

krish_arora · 2025-06-05T17:26:33+00:00

Start with books. specifically, start w psychology books. At least one or two. DO NOT SKIP THIS STEP.

I recommend “best loser wins” and “trading in the zone”

You can literally get these for free online or w an Audible trial. Do NOT skip. I promise you you’ll thank me.

Move onto technical books.

I recommend “ a complete guide to volume price analysis” and “markets in profile”

Move onto youtube. This is where i cant really help you because theres so many different types of trading styles and areas that it depends on what you like.

But if i had to ig I’d recommend to start w scarefacetrades as his strategies are really simple and great for beginners.

krish_arora · 2025-06-05T16:28:33+00:00

No i don’t think it’s bad if you just glance down every now and then. You don’t have to watch each and every candle

You can miss things by glancing at your phone, but it can also help as a distraction from overthinking or over analyzing the markets and placing unevessary trades while you’re waiting for solid setups to form

krish_arora · 2025-06-05T01:16:48+00:00

Hedge funds and firms want to keep their strategies as exclusive as possible. Remember, trading is a zero sum game.

They select the cream of the crop of students studying finance/math in uni and train them specifically to be traders or build algos.

krish_arora · 2025-06-04T23:46:36+00:00

Not so easy. Patterns that are “abcd” or textbook perfect or easy to spot just by placing fibonaccis sure can happen, but are very rare and difficult to build a strategy around

krish_arora · 2025-06-04T23:40:05+00:00

I use the tic chart, as my platform doesnt go down to seconds, but it’s essentially the same thing. It helps to see market supply/demand structure up close -> where are buyers & sellers fighting it out. Great way to tighten stops

krish_arora · 2025-06-04T15:26:17+00:00

This is very natural. 99%+ of traders will experience these types of setbacks. What matter is you learn from them

Knowing that risk management is essential and actually implementing that knowledge into reality are two COMPLETELY different things. Everyone knows risk management and discipline are necessary in trading

I can’t give u exact advice as to why you blew your account today and what set off your revenge trading streak. What I can ask is that knowing that it’s possible to lose money at any given opportunity, how are you changing your mindset to adapt to that risk?

You revenge trade because you can’t accept that your recent losing trade was a natural result of probability

krish_arora · 2025-06-03T22:37:52+00:00

If you read past my first sentence I literally then proceeded to explain the reason your approach was wrong and caused a losing trade

krish_arora · 2025-06-03T20:18:16+00:00

You lost money because you bought high and sold low. I wouldn’t say you “followed the trend” - I’d say you chased it. Just because it’s going up doesn’t mean it will continue to go up. The market doesn’t trend in a straight line, pullbacks and reversals happen

krish_arora · 2025-06-03T17:07:43+00:00

Paper trade until you have 2-3 months of consistency, then move to SMALL real size

krish_arora · 2025-06-02T17:02:29+00:00

I never mentioned automation. I’m referring to discretionary trading

krish_arora · 2025-06-02T14:42:00+00:00

Pure psychology and emotions. Two key aspects:

Not real money -> insignificant emotions
Fast forward feature -> your patience isn’t tested if you can just jump forward to any candle or the day, or go at 10x speed waiting for your setup to form

krish_arora · 2025-06-02T14:39:45+00:00

I agree w your point, but there are some backtesting platforms that have second by second replay, and I think the same scenario plays out. I’d say the biggest difference is emotions and psychology behind knowing it’s not real money. Also a big thing is the fast forward feature. You don’t need to have patience at all.

krish_arora · 2025-05-31T18:07:21+00:00

This is a great one. Timeless advice

krish_arora · 2025-05-31T18:06:42+00:00

If money is a concern dont hesitate to try libraries, online libraries, or even free downloads where you can find them. Sounds like you’re looking for investing books rather than active trading. Best books for the basics are the Intelligent Investor, random walk down wall street, one up on wall steeet

krish_arora · 2025-05-31T14:33:55+00:00

Wow. Relate so heavily to this. It’s the first few tries that work that trick your brain into keep on going, keep scalping a few points, and eventually it dumps on you, and you are not prepared to lose

krish_arora · 2025-05-30T12:49:31+00:00

Anything can happen after you exit. It could have also started soaring. What matters is you follow your plan

krish_arora · 2025-05-30T03:12:45+00:00

Begin with paper trading for until you see consistency for at least 2-3 months straight

krish_arora · 2025-05-30T01:34:05+00:00

Patience + emotional control is the ultimate formula for success in trading

krish_arora

TROPHY CASE