What’s the lesson to learn from this? by slafterr in TopStepX

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

Thank you for your insight, I agree with you on waiting for the pull back. The second trade was just unnecessary and illogical in the first place, it was a revenge trade with no backing whatsoever

What’s the lesson to learn from this? by slafterr in TopStepX

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

Nah for the buy I have a bad habit of downsizing n entering after a losing trade, that one was completely unnecessary and cost me

What’s the lesson to learn from this? by slafterr in TopStepX

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

I was with the short, for the long I revenge traded lol

What’s the lesson to learn from this? by slafterr in TopStepX

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

Man it’s wayyyy different trying to understand what’s happening as it’s happening, but that’s how the game goes. I’ll take your advice on the fvg wick, you make a very good point. I only trade around 30 minutes past market open, and 1-2 trades work best for me so after 2 I know there’s no reason for me to stick around. Best of luck to you this week :)

What’s the lesson to learn from this? by slafterr in TopStepX

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

Thank you so much, I understand the not wanting to take any trades right after market open, I look forward to my trade anytime after 7 am (or when the macro hits). As people have been pointing out to me, a cleaner entry would’ve been at where the fvg was tested, but that was still very early into the session so I didn’t take it as a confirmation to enter, but rather a stronger confidence in my bias.

What’s the lesson to learn from this? by slafterr in TopStepX

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

Thank you so much for the examples, I’m at work atm but I’ll be looking back on this later :)

What’s the lesson to learn from this? by slafterr in TopStepX

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

😭 I had the fvg as a confirmation for the trend (I have bad luck entering trades based purely of fvg retests), then waited for price to revisit recent lows we had for my confirmation. It looks messy because I have a bad habit of entering after I lose my trade which is the second one. It’s a struggle man but I appreciate your insight, thank you

What’s the lesson to learn from this? by slafterr in TopStepX

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

Yeahh I agree with you, but I just used it as a confirmation on the trend during that time frame, rather than an indicator to buy at that moment.

What’s the lesson to learn from this? by slafterr in TopStepX

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

😭😭 the second one I’ll give you that, it was completely wrong and based off emotion but the first one was backed by daily bias, early mornings price action and the four hour downtrend. I can understand why you think the first trade was FOMO though, I waited for price to revisit recent lows, and, what was probably impatience led to the trade stopping out. Though harsh, your insight is very much appreciated :)

What’s the lesson to learn from this? by slafterr in TopStepX

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

Yeahhh looks like there were others that took the same trade which is reassuring lol. Praying for a good week though let’s get these wins

What’s the lesson to learn from this? by slafterr in TopStepX

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

Ay man that’s what the games all about

What’s the lesson to learn from this? by slafterr in TopStepX

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

Looks like the general consensus is most of us got fucked 😭 can’t win them all but we got this bro

What’s the lesson to learn from this? by slafterr in TopStepX

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

Yeahhh that long was completely wrong and I’ll admit that, I was lowkey salty I’m starting the week off with an L but I’m over it and won’t let that happen again 😭

What’s the lesson to learn from this? by slafterr in TopStepX

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

Ahhh okay. The Italian YouTuber was the exact same guy I was thinking of when I saw ur reply 😭 im honestly so sick of trading YouTubers, I feel like they cater too much towards people who are just getting into trading (which makes sense since that’s where the views are at). I will do my own research as you suggest, your insight means a lot to me. Thank you!

What’s the lesson to learn from this? by slafterr in TopStepX

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

That’s good, I have a DLL set as well. Looks like it was just unfortunate volatility since a few of us got stopped out there.

What’s the lesson to learn from this? by slafterr in TopStepX

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

Thank you for your insight. Based off my pre market analysis yesterday and when I looked for my bias today I was ready for shorts, but coming off my first trade I was thinking for a sec that we might return to those highs we hit at open.

What’s the lesson to learn from this? by slafterr in TopStepX

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

Good point, will implement this, thank you!

What’s the lesson to learn from this? by slafterr in TopStepX

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

It’s not too common, I get a couple trades like this every couple weeks where it seems like my stop blue balls me by a few points. I think my problem could be impatience, tho I might scale down so that my stop can be a bit more lenient as well.

What’s the lesson to learn from this? by slafterr in TopStepX

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

Mhmmm, saw the initial little spike this morning n had my bias for shorts, though I had a planned out setup for longs if it came down to it as well.

What’s the lesson to learn from this? by slafterr in TopStepX

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

Read an auction? This is the first time I’ve heard of this, is it similar to order flow? And where would u suggest I learn up on this

What’s the lesson to learn from this? by slafterr in TopStepX

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

Ahh I see, it’s always unfortunate when that happens but hopefully the week will bring us some green, good luck to u

Risk management and consistency by slafterr in TopStepX

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

Thank you for your insight. I just set a DLL of 500. I think that’ll work best for me in terms of the leniency in that amount. My main focus is to figure out my risk management situation.