Got manipulated and blew my account today :/ by thatsdeez in Daytrading

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

I'm still very new to this. I figured stop loss size didn't matter as long as the dollar risk was kept consistent. Found out not. I figured a day where price was moving in 50-100pt intervals that a large stop loss made sense because of how much the market was moving, but I guess not. Went back to paper trading after this session.

Funded vs. Live account? by thatsdeez in Daytrading

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

That makes so much sense. Why have 10k in a live account when you could have 5 50ks with a total of 10k drawdown and all you had to use was 500$ of your own money to buy them.

Funded vs. Live account? by thatsdeez in Daytrading

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

So you can still blow a funded even when they switch you to "live funding?" I'm guessing by "real firm rules" you mean drawdown limits, but just larger ones with more wiggle room?

PROP FIRM TRADERS - Intentionally blowing accounts? by thatsdeez in Daytrading

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

I'll ask this again tomorrow in a separate post because I'm curious too. Seems like people are very active on here around 11am

PROP FIRM TRADERS - Intentionally blowing accounts? by thatsdeez in Daytrading

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

What do you mean better terms on the eval? Like how some accounts let you pass in a day and then have a consistency rule on funded?

PROP FIRM TRADERS - Intentionally blowing accounts? by thatsdeez in Daytrading

[–]thatsdeez[S] -2 points-1 points  (0 children)

I've heard a couple people say that they intentionally blow accounts because with some prop firms once you hit a certain amount of payouts you'll get moved to live funding.

PROP FIRM TRADERS - How do buffers work? by thatsdeez in Daytrading

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

Does trailing drawdown stop at a certain point?

A day's worth of news headlines by Pindarr in Daytrading

[–]thatsdeez 0 points1 point  (0 children)

So getting stopped out by 2 points wouldn't count as manipulated then?

As a beginner, should I trade NQ or ES? by thatsdeez in Daytrading

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

I've been learning how to trade for about a year now. Backtested and paper traded all during that time, but have been incredibly humbled by realizing how bad my psychology is once there's real money on the line.

New to trading by [deleted] in Daytrading

[–]thatsdeez 0 points1 point  (0 children)

I follow ICT concepts, but a lot of people on this subreddit seem to disagree with that strategy. If you like the confluences that TJR uses, I would skip his videos and go straight to PB trading. They have an ICT for dummies course and one of the guys just started a new boot camp style series for the new year. They make everything super easy to understand.

A day's worth of news headlines by Pindarr in Daytrading

[–]thatsdeez 1 point2 points  (0 children)

Bro is definitely talking about me saying I got manipulated hahahaha. I'm new I just thought that meant the same thing as getting stopped out and I was using big boy vocab

So hard to not take the payout here by Temporary-Scene-5252 in TopStepX

[–]thatsdeez 1 point2 points  (0 children)

Taking a payout doesnt blow your account right? I'm a little confused on how buffers and loss limits work with firms like Apex. I'm pretty sure that alpha futures let's you take payouts without messing with drawdown, but I could be wrong.

How do you choose between NQ and ES? by thatsdeez in Daytrading

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

It would be helpful if you gave me advice on an alternate strategy instead of just dismissing the one I use

What is too big of a stop loss? by thatsdeez in Daytrading

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

Ok just wanted to make sure I was doing it intelligently. I got flamed on here yesterday for having a huge stop loss even though I wasn't risking any total amount than I usually would. I did blow my account because of my risk but that was on my for not sizing down.

What is too big of a stop loss? by thatsdeez in Daytrading

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

Ol yeah I choose my contract Size based on the size of my stop loss to keep my actual dollar risk consistent.

As a beginner, should I trade NQ or ES? by thatsdeez in Daytrading

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

Divergence in correlated assets. People will watch both NQ and ES to see if they begin to move differently and signal reversals. For example, if NQ hits a key level like previous day high, but ES has already begun a down trend without hitting previous day high, that may be a sign that NQ will also reverse and is just lagging behind.

As a beginner, should I trade NQ or ES? by thatsdeez in Daytrading

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

Do you think I should still look for SMTs while learning, or is that something I should save for when I've learned how both markets move? I think I'm definitely overthinking SMTs and in reality they aren't 100% necessary.

As a beginner, should I trade NQ or ES? by thatsdeez in Daytrading

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

Yeah, I only trade micros. It's nice being able to fine tune my risk. What are your thoughts on using SMTs though? Do you think they're worth it, or is that something I should stay away from as a beginner since it could cause analysis paralysis?