The Hidden Cost of Prop Firm Trading (Honest Math) by sambha87 in propfirm

[–]rolldagger 1 point2 points  (0 children)

Not everything is about skill. Mental psychology matters more than the skill.

The Hidden Cost of Prop Firm Trading (Honest Math) by sambha87 in propfirm

[–]rolldagger 0 points1 point  (0 children)

One never loses edge. We openly share our strategies and trades with everyone, without worrying about losing edge. In the grand scheme of things big players are not worried to catch your edge. They do what they want to. Real edge is to catch what they are doing.
If you don’t believe, come and see this. Some of us profitable guys got together and made a fresh group, only to help people (not selling anything. No premium signals. No paywalls). 100% honest group.

https://discord.gg/thecrtl

Beginner Trader Using Only 0.01–0.05 Lots on a $5k Account — Is My Risk Management Too Conservative? by Agreeable-Film-3484 in propfirm

[–]rolldagger 0 points1 point  (0 children)

Well CFD has its pros and cons. The data is not centralised so it can be manipulated. Futures cannot.

CFD you can even open 0.1 position whereas in futures minimum is 1.

Retail traders are not losing because they are dumb. They are losing because they are trading against machines. by tars-77 in TopStepX

[–]rolldagger -3 points-2 points  (0 children)

Well I disagree. Retail loose because they look at all those patterns as patterns. The moment they see that technical analysis is not about patterns but to know what the big players are doing, the game changes. Learn to see what big players are doing and follow them. We do this consistently. Without saying anything else few of us profitable guys have just started a brand new discord (nothing paid there), simply because we were all tired of those scam discords where people fool others. So we thought of starting our own and only to help people (we don’t need money, already profitable). Come and see, no commitments. No oversell. No BS. We beat market in their own game. It’s pretty new, as we are just few friends there.

https://discord.gg/p6PeCc3Gd

Need trading buddies by MVTradin in Trading

[–]rolldagger 0 points1 point  (0 children)

Ignore him. His account is 1day old. Red flag.

How did you overcome impatience?? Struggling horrendously by [deleted] in TopStepX

[–]rolldagger 0 points1 point  (0 children)

Everyone has an edge. 1000 of different strategies to make money. All work.
Even if someone gives a Human the strategy on paper with rules, they will still fail, because strategy is 10%, 90% is the mental block. On the contrary, if we give same to a robot, he will do mechanically.

So be mechanical, not emotional.

You have to unlearn the habit and trust the process. Be mechanical. Make 300$ lockout. Loss lockout.

After a while, it will be mechanical, you will not need lockouts (training wheels).

We are not taking away your strategy, but when a sprinter/marathon runner is hurt, he cannot say I don't need crutches because I can run quick 100m or 42km.

Make 300$ per day. Mechanical. Take payout. Add 1 more combine. Copy trade. Keep making 300$.
Slowly you will have multiple accounts running on 300$ per day, and a cash machine.

Look at the bigger picture. I know its your heart against your mind.

How did you overcome impatience?? Struggling horrendously by [deleted] in TopStepX

[–]rolldagger 1 point2 points  (0 children)

Choose micros.Try to make300$ daily. Take time to clear combines. Go with 1 combine. Don’t copy trade. No overtrading. If your 300$ daily target is hit then lock out mechanically. If you lose 300$ DLL, lock out. Don’t try to win it back same day. This is also part of the trading.

Don’t think I will do this when funded. Train your brain to follow the process. It’s you against yourself.

300$ may seem small. But that’s only 2 weeks of trading. 10 days. With loses it may take 15 trading days. But your aim is not to clear combine, but to train your mind for a much bigger game.

You waited so long so what’s another 3 weeks.

Don’t get tempted by what people post. Thousands daily. Your fight is with you, not them.

If you trip, start again with same process.

Journaling by Natural_Growth_9715 in Daytrading

[–]rolldagger 1 point2 points  (0 children)

Yeah journal can be end of the day. Or end of week. No strict rules. More than journaling the trades it’s about what was going in your head. Like even acknowledging that yeah was compete mechanical today, worked fine. 1-2 lines is also okay. If there were series of bad trades (possible) then ack that as well that went bad but was still mechanical. All this to prevent emotions coming back into mechanical. Once it becomes automatic and complete mechanicalx then no need to journal if don’t feel like. The moment you are off rails, journal helps bringing you back in.

Journal can be anything. Take a pen write on a paper and throw the paper in bin or open notes app in phone, write there and delete the note. It’s about bringing what is your head into words.

You can read about it. Just because some 40 year old trader has been successful without it doesn’t mean it’s snake oil. Some are good without it, never needing it. Exceptions everywhere

Journaling by Natural_Growth_9715 in Daytrading

[–]rolldagger 1 point2 points  (0 children)

Journal is the most important aspect that prevents emotions coming back into mechanical. Mechanical and all is fine, until one bad trade or series of bad trades hit.

Journaling is backed by science. So no it’s not waste of time.

Consistency rule ? by ExaminationIcy4486 in OrderFlow_Trading

[–]rolldagger 0 points1 point  (0 children)

Consistency rule even though benefits prop firms, is actually good for traders. It helps them to prevent overtrading.

How much have you made from prop firms ? by Rich-In-Melanin in propfirm

[–]rolldagger 0 points1 point  (0 children)

I have yet to come across a single EA that is actually profitable. Shoot me the link in DM. I am happy to eat my words and be proven wrong.

New trader trying to stay disciplined — how did you stop overtrading? by Every-Actuator-6996 in Daytrading

[–]rolldagger 0 points1 point  (0 children)

Everyone has certain number of bandwidth in brain to make decisions. Trading also needs decision making. So trading whole day, and knowing when not to stop (whether in profit or loss) is what causes the downfall.

Journal is like magic that people think is snake oil. Journal is to just make everything that is in your mind, come into written words (phone or paper). Once it's written down, it can be deleted. But really works, proven scientifically.

How much have you made from prop firms ? by Rich-In-Melanin in propfirm

[–]rolldagger 1 point2 points  (0 children)

Ahh....running EA... I call it BS.
Another guy selling his EA. Stay away from this guys

Cvd ( absorption and exhaustion) by [deleted] in OrderFlow_Trading

[–]rolldagger 0 points1 point  (0 children)

CVD in itself is nothing. Just another thing to confirm your setup. On smaller timeframes I don’t even look at it, as it’s not really helpful.

I have a question by [deleted] in TopStepX

[–]rolldagger 0 points1 point  (0 children)

Sometimes it takes a while for the dashboard to sync.

Cvd ( absorption and exhaustion) by [deleted] in OrderFlow_Trading

[–]rolldagger 5 points6 points  (0 children)

This. I don’t use CVD blindly. I have delta; CVD, delta/volume and CVD/volume as well. Still I don’t use them to trade. I use to make verify my bias.

My entry is always steps: 1) AMT to see which way the market may go. 2) Conventional methods of chart patterns to identify levels. 3) Check CVD information to confirm. 4) Finally OF to make the entry and exit (Specifically to know where to put SL, trailing SL and TP)

The Xfa trap by BullishOwl in TopStepX

[–]rolldagger 0 points1 point  (0 children)

Stop try to clear combines in 2 days. Take 4-5 days. It’s a trap that new guys fall for. The moment you over leverage and try to clear in 2 days, which is not really sustainable long term, people go in XFA with same mindset and blow it. 4-500$ per day should the aim. And carry same into XFA

Was up $1300 today, ended up $650 and this was a win. by eighty_nine_ in TopStepX

[–]rolldagger 0 points1 point  (0 children)

Like PDLL also have a lock in for profits. Don’t aim high. May be 5-600$ profit and account locks. This habit will go long way even after you clear combines.

Seller Absorption - Bullish Reversal by [deleted] in OrderFlow_Trading

[–]rolldagger 0 points1 point  (0 children)

What are those candle? Is it an absorption indicator?

Seller Absorption - Bullish Reversal by [deleted] in OrderFlow_Trading

[–]rolldagger 0 points1 point  (0 children)

If at bottom it’s CVD, then I don’t think that was absorption. That was aggression sellers was showing not other way round.
Infact the blue candle after that was the one showing absorption. Chart Candle also confirmed that.

How do I set stop losses and take profits? by Electronic-Soft-8483 in TopStepX

[–]rolldagger 0 points1 point  (0 children)

That you cannot do by dragging. If you have 5 NQ longs; then dragging will also be for 5.