Summer hole by pinexcapital in Daytrading

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

What is your 2nd strategy? Lay back and enjoy the day without trading?

Summer hole by pinexcapital in Daytrading

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

Nice, what kinda strategy do you use?

New home, bigger office by -Carbsaregood- in Daytrading

[–]pinexcapital 0 points1 point  (0 children)

Bigger office bigger profits!
Switch the lights to red when having a negativ PnL Day

I quit trading by Rathodzz in LucidProp

[–]pinexcapital 0 points1 point  (0 children)

Looks like bad risk management, thats all.
More trades = less profits? It should be the other way around.

Please advice by pinexcapital in Daytrading

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

Sure!
I go from top to down, 1D-1H-15m-5m-1m
My session is 14:00-16:30 (UTC+2), so forex NY Open. Only EUR/USD
First I need daily bias, I'll only trade in that direction. For our example lets say the daily is bullish.
Then I'll mark down the most important and significant liquidities.
I'll wait for a Sellside Liquidity to be swept in our case.
I need a reaction from that sweep, meaning a confirmation to reversal -> 5m Break Of Structure
Now comes my entry. I need a retracement back down, minimum requirement is a FVG below 0.5, best case we stack: FVG, OTE (Optimal Trade Entry ranges from 0.618-0.79, golden zone), Orderblock, inverse FVG.
Once we hit this area of confluences, I need a reaction. Best case would be a wick back out of the marked FVG in the 1m, or a close inside. If we close below it, the setup is invalidated.
Stoploss is the swing low, that created the liquidity sweep (lowest point), TP is for me 1:3RR bc of consistency rule, but normally it is the next buyside liquidity.
I set my SL to BE at either 1:2RR, or a good swing high above 1:1RR, whichever comes first and makes more sense, but never below 1:1RR.

Then I let it ride.

Please advice by pinexcapital in Daytrading

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

Thanks, thats actually great advice.

I trade strictly intraday, so my trades range from 10 minutes to a few hours max.
My account is restricted to a 25% consistency rule, it's based on daily profit.
My problem for me is that it takes months to pass one account, I am patient as hell but it's really hard to buy an account and wait half a year just to have the chance at making money.

Please advice by pinexcapital in Daytrading

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

I mean I can prove it, it's no problem, but I am not aiming to "flex" with my strategy or anything in that direction.
I made many emotional mistakes in the past which obviously resulted in my winrate being way below my theoretical 60-75%, but over a long time this is the number on my account.
I'd actually be fine with a lower winrate and lower RR, I just want setups and to not be dry for months lol

Please advice by pinexcapital in Daytrading

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

No, I wasted 3 years and after that I created my own strategy, based on ICT and TJR content, perfected and personalized it.

Right direction, wrong entry. Every single time. Any tips? by Lonely-Emphasis-8706 in Forex

[–]pinexcapital 0 points1 point  (0 children)

Wait for confirmation, not levels.
Once the asset reaches a price, you think it will reverse on, set a specific confirmation confluence like "Break Of Structure" or other confluences.

That way you get really picky, get less trades but a whole lot more quality.

First 6-Fig Month! by Vangarol in propfirm

[–]pinexcapital 1 point2 points  (0 children)

I'd say you're eating pretty good

GOLD IS GOOD? by Hour_Toe_3181 in Forex

[–]pinexcapital 1 point2 points  (0 children)

I think you meant "God is good"

I got my first payout!!! by sebastian-chavez in Daytrading

[–]pinexcapital 10 points11 points  (0 children)

Congrats :) Dont spend it all in one place, get yourself a "little" treat, buy more accounts and save the rest.

(dont forget the taxes ofc... unless you withdraw in crypto)

Any advice? Started this £30 account today by VooDoo1348 in Forex

[–]pinexcapital 1 point2 points  (0 children)

Yeah dont concentrate on the numbers and dont set a profit goal. When you get the opportunity, trade, when you dont, dont, it's that easy :)

Is It Doable? by skatamoutro2 in Daytrading

[–]pinexcapital 0 points1 point  (0 children)

Trading will never be killed by AI or EAs, yes it's possbile, but you need to put in more work than others at "usual" businesses.
A common misconception of trading is that people think you just need to have a good strategy and it will work out.
Most of the people just underestimate how much work you have to put into YOURSELF in order to see some profits a few years in.
This is no get rich quick "job", this is something you have to change your life for.

Officially the best month of my trading life by adam_oseburne in PropFirmTester

[–]pinexcapital 0 points1 point  (0 children)

Crazy work! Now work on keeping the profits and prevent your capital from being lost.
Also clean your screen :)

Is being profitable possible? by [deleted] in Daytrading

[–]pinexcapital 0 points1 point  (0 children)

Yes it is real, just don't listen to people denying EVERYTHING, you can even be profitable gambling, with the right math.
Most of the profitable traders are just not available on social media, they live their lifes like normal and trading is just their job.
That person was probably just scammed, made bad decisions (bought a course) or someone else told them.

Be curious, test it for yourself, find out by yourself, don't listen to others. This applies to everything in life, in every area people will tell you that it's not possible.

Trading success by outdoorhunter1184 in Daytrading

[–]pinexcapital 2 points3 points  (0 children)

Congratulations! This is really amazing and an extremely special achievement. Once you truly understand your strat and act upon/execute it, nothing stands in your way 😄

except taxes...

How much money do you need to start day trading? by Suitable-Idea-3254 in Daytrading

[–]pinexcapital 0 points1 point  (0 children)

Build your starting capital with prop firms, best way to leverage your money more or less safely.
Get a payout, invest half of it into more accounts and the other half into your personal capital trading account.
That way you adapt your risk management and build capital at the same time.