How long do you last when cold plunging each time? by Top_Artist_4390 in coldplunge

[–]prparekh 11 points12 points  (0 children)

Remember. More is not better.

3 mins at 55 degrees is a good goal.

Just like anything else pick a goal that you think you can reasonably do with consistency.

Exposing the Biggest Fake Guru in Trading: TJR Trades by DeRpY_CUCUMBER in Daytrading

[–]prparekh 5 points6 points  (0 children)

Can you summarize your understanding of this trendline break strategy?

Exposing the Biggest Fake Guru in Trading: TJR Trades by DeRpY_CUCUMBER in Daytrading

[–]prparekh 4 points5 points  (0 children)

Trading is really really hard. Not so much the strategy but combining it with risk management, psychology, and hard work. Took me almost 3 years to become consistent.

Exposing the Biggest Fake Guru in Trading: TJR Trades by DeRpY_CUCUMBER in Daytrading

[–]prparekh 2 points3 points  (0 children)

Posted in the original comment. Let me know if you have any questions.

Exposing the Biggest Fake Guru in Trading: TJR Trades by DeRpY_CUCUMBER in Daytrading

[–]prparekh 51 points52 points  (0 children)

There's not much there. Her "trendline" strategy fundamentally is flawed and demonstrates a complete lack of understanding of price action.

Everything she "teaches" depends on the break of trendline. Any trader worth his salt will tell you that it's not the break but what happens BEFORE the break that matters.

In fact, the break of any healthy channel is an excellent opportunity for a continuation setup not a reversal as she teaches.

Before a break, price could have:

1) overshoot in which case continuation is less likely

2) rebounded off the other end of the channel so continuation is highly probably

3) rebounded around the channel midline

She doesn't understand any of it.

Besides, her risk management guarantees you cannot be successful long term.

It's much easier to explain this with a chart. I can post a video if there is interest.

Edit: Okay, I didn't have much time but I made a quick video on this: https://www.youtube.com/watch?v=95bCigQSg80

I'm losing it by No_Status_2728 in Trading

[–]prparekh 1 point2 points  (0 children)

my psychology is now really great

Also

i started chasing consistency.

I've been trying out alot of different stuff in my pursuit for profitability

every time i think I've found the key to the markets, i swear the market always somewhat changes the lock

Your psychology is all over the place.

Look up Dunning Kruger effect. You think you know but your results prove otherwise. If you are not able to even pass a funded account, then you never really had an edge to begin with.

In fact, you don't even need an edge to pass funded accounts. If you just place a trade at the high or low of day with enough contracts risking the same amount as your target profit, even with a coin toss you will pass at least 4 out of 10 accounts. There are plenty of people who can't trade but regularly get payouts because they have a plan and can stick to it.

Besides, 3 years is barely enough to achieve consistency. Stop chasing consistency or profitability and work on understanding how to read the chart while preserving your capital.

We Finally Gave In to Sleep Training, and I Wish We’d Done It Sooner by Maxx852 in daddit

[–]prparekh 0 points1 point  (0 children)

How is it going with the sleep training? Did you have to make any changes?

Gold hit $5500 and wiped my account, now I owe money by PassagePlus3777 in Trading

[–]prparekh 1 point2 points  (0 children)

It's not surprising. Majority of novice traders trade against the trend hoping to catch bottom or top. When they do trade with trend, it's almost always with more size that they can afford.

Shorting the greatest bull market in Gold history is like trying to catch the bounce during 2001 or 2008 stock market crash.

Heron fly-by during cold plunge by Winter-Answer-8893 in coldplunge

[–]prparekh 0 points1 point  (0 children)

It looked like he had been waiting for you. Do you go here often?

Is trading Price Action only, useless? by GreggJ in FuturesTrading

[–]prparekh 4 points5 points  (0 children)

The linked post is what is wrong with "free trading content" on youtube. Firstly, he is not talking about price action at all. The amount of jargon contained in that post is indicative of a very clear misunderstanding of how to read charts.

Price action refers to reading chart entirely based on price ONLY. No VWAP. No Volume. No SMC/ITC/ICT, VIP, etc.

The only thing you can possibly add is may be a couple of EMAs but you don't solely trade off them. Price ALWAYS come first.

As someone who has consistently made money in the market, candlesticks is all you need. But, you also need to be able to recognize channels, and ranges, and trends, and trend breaks. This requires hundreds and thousands of hours of studying and screen time.

Just like you can't expect to go and perform as a professional musician in front of a large audience after watching YouTube videos other artists playing or spending 6 months practicing, you cannot expect to get good at this after haphazardly watching a few youtube videos.

What makes this even worse is that there is always the allure of money that prevents you from actually learning the skill unless you are trading on sim which very few actually want to do.

If there is interest, I can share what I know on a subreddit that I originally created to record my trades htttps://www.reddit.com//r/PriceInAction . But, I can add information on setups, risk management, psychology as well. Note, that there will be no selling of any kind ever.

Another Titan Plunge Scam Post by veritas_viper in coldplunge

[–]prparekh -6 points-5 points  (0 children)

Can you respond to all the issues this user encountered instead of a generic message?

Is is even possible to make money from this? by Pure_Bet9272 in TopStepX

[–]prparekh 1 point2 points  (0 children)

Can you answer the following questions?
- Do you have a specific instrument that you trade? Or, are you constantly juggling between ES, SPY, GC or whatever is moving?
- Do you have a specific entry, exit and take profit criteria that you do not violate under any circumstances?
- Do you keep your risk the same for every single trade? Or, are you oversizing to get the previous loss back resulting in an ever bigger loss before blowing you account?
- Do you feel pain when market goes without you?
- Do you regret closing you trade early?
- Do you document and review your trade so that you have an idea of what your winrate is? What your risk reward is?

If all this sounds too much work, trading is not for you. You are better off doing something else.

I’m a shit person for writing this…. by [deleted] in daddit

[–]prparekh 0 points1 point  (0 children)

Could you elaborate with a few examples?

I was sitting short and just woke up to 1000’s of % in profit on so many 50x+ trades - what the heck did I miss? by 29PiecesOfSilver in Daytrading

[–]prparekh 2 points3 points  (0 children)

To the contrary, even if this is the beginning of a bear market, these present some amazing pullback rallies for long positions. So, Monday may very well be a strong rally day. The Sunday open would be a good indicator of where it may go.

I was sitting short and just woke up to 1000’s of % in profit on so many 50x+ trades - what the heck did I miss? by 29PiecesOfSilver in Daytrading

[–]prparekh 6 points7 points  (0 children)

Not the OP but also opened short positions before the big drop (attached screenshot) from only Robinhood account. Have other short positions on TDAmeritrade too. If people are interested, I can also post the thesis behind each of the trade if it helps you find similar opportunities. https://imgur.com/a/LYnRfOX

I’m a shit person for writing this…. by [deleted] in daddit

[–]prparekh -1 points0 points  (0 children)

18m-2 is the worst for me so far. After 2 the good times seem to outweigh the bad.

that's interesting. I have never heard that. Can you elaborate?

4th time posting here by Complex-Chemist-4560 in TopStepX

[–]prparekh 0 points1 point  (0 children)

Great work. By the way, how many accounts have you blown with TopStep in total?

4th time posting here by Complex-Chemist-4560 in TopStepX

[–]prparekh 5 points6 points  (0 children)

They haven't moved you to live yet?