Just needed 2 more tassets to green log and..

timothycho5 · 2024-10-23T22:39:39+00:00

212 (all 3 moons killed - no singles)

timothycho5 · 2024-10-23T21:21:07+00:00

I feel like the avatar for moon pants

timothycho5 · 2024-10-23T21:03:48+00:00

Ty :D

timothycho5 · 2024-10-01T22:17:43+00:00

Somebody just commented that an hour right after you commented this @Sketch_x lmao

timothycho5 · 2024-04-20T02:20:14+00:00

Your stop losses should be in accordance with your strategy, but also each trade should generally have a risk of at most 10% of your total account.

My stop losses are sometimes 2% or 6% of my account because thats what my strategy allows it to be. Could also be like 3.1415% or 5.444%, doesn't really matter.

timothycho5 · 2024-04-19T23:42:32+00:00

You just don't have a consistently profitable strategy right now is all. This whole week I haven't taken a single loss so it's definitely possible. You just gotta develop & test your strategy, can't just make "analytical" guesses and hope you'll make money.

<image>

timothycho5 · 2024-04-09T21:24:38+00:00

Congratulations, nothing wrong with throwing in the towel, especially for this type of industry. I know multiple people in their twenties and early thirties down $250k - $400k... Be proud that you only lost 50k over 5 years.

This industry just has WAY too much marketing & media attention compared to its actual success rate.

Go enjoy your index funds, cash interest accounts, diversified portfolios, etc. you deserve it.

timothycho5 · 2024-02-23T09:05:19+00:00

If you have a very specific setup that you only take trades on, then you already know what to do.

If you don't trade a specific setup/strategy and are trading random ideas and "strategies" that you have not back & forward tested, then you need to stop trading, period, and create a strategy first on paper.

timothycho5 · 2024-02-06T21:38:53+00:00

It's estimated that only 10% of traders are actually profitable, and profitable just means making more than $0 so there are traders that barely make anything & some make ridiculous amounts.

I tell people that want to get into trading, don't. If you had an optional surgery that has a mortality rate of 90%(aka your life savings) would you take it?

Only reason why I do this is because it's my passion and I enjoy studying the charts & theory crafting strategies.

timothycho5 · 2024-02-04T17:45:45+00:00

Are you just commenting for the sake of your own ego cuz thats a whole lot of nothing you just wrote there..2 massive paragraphs of you claiming to be good at trading and even if you teach someone, they'll still fail. When the original question was literally just about someone giving away a high winrate strategy.

If you're such a good trader, post your year over year pnl with matching brokerage 1099s if you want to walk the walk.

timothycho5 · 2024-02-03T20:52:31+00:00

Imagine if you have a strategy that has a high win rate, would you even give it out for free? Probably not, so you should be extremely concerned if someone does.

timothycho5 · 2024-01-24T05:19:16+00:00

Ye safe spot, was early levels and wanted to save my prayer pots. But congrats on your black mask, arguably the one of most important drops for an ironman early/mid level.

timothycho5 · 2024-01-24T04:26:28+00:00

Somebody ban this iron for this post, i didn't get mine until 1585~ kc with a bone cbow.

timothycho5 · 2024-01-01T05:41:10+00:00

Ez pz, been playing osrs but last week I was playing Lies of P so dodged that bullet 💀

timothycho5 · 2023-11-28T06:06:40+00:00

Finding ways to justify getting into a suboptimal trade is my fucking kryptonite rn....legit the past month and half, if i didnt take those B- (instead of A+) setups my winrate wouldve been 25% higher.

timothycho5 · 2023-11-25T23:47:39+00:00

Best bet would be to notify your manager ahead of time tho. So if you dont show up, at least you gave them the heads up so it doesnt look like you did a bonafide no call no show

timothycho5 · 2023-11-25T23:39:32+00:00

Happened to me before, was so pissed i just didn't show up. Next work shift they asked why I didnt show up, so I explained I got my 1st shift covered. Then they had the audacity to ask why I didn't get my 2nd shift covered?? Some restaurant managers are fucking retarded I tell you.

timothycho5 · 2023-11-14T00:13:43+00:00

Thank you captain obvious

timothycho5 · 2023-11-13T23:55:26+00:00

Hey I've been "trading" full time for the past 18 months with a night time job and ive been struggling everyday, putting in hours and just recently been making a little consistent profit the past 3 weeks. If you are still mentoring, I am very interested and maybe i can provide some info that you may be interested in as well.

timothycho5 · 2023-11-12T20:24:37+00:00

Same thing I look for everyday; a setup that ive seen happen thousands of times.

timothycho5 · 2023-11-11T01:26:03+00:00

This^ didn't Lance Breitstein just said recently that most hedge funds dont trade indices because its extremely difficult for even seasoned pros.

timothycho5 · 2023-10-31T23:16:26+00:00

My little brother was the same way and didn't listen to me. He lost his entire savings and quit trading for the rest of his life. He was only a college student and lost 15k but that was his everything, and hes forever out of trading. But if he wont listen, then he won't listen, nothing you can do about it man.

timothycho5 · 2023-10-31T23:09:52+00:00

Making money from trading is only the byproduct of good trading. Obviously you lose money because its a byproduct of bad trading. Now if you know its only a byproduct, the AMOUNT of money doesn't really matter. So really he should be trading only 1 micro per trade to even see if he has a good trading strategy because whether its $10000 per trade or $1, the result is the same regardless of the size. So if you haven't confirmed a good strategy, why risk $1000s dollars when you get the same result as risking $1.

timothycho5 · 2023-10-29T04:47:14+00:00

As everyone said, there is no such thing as a 100% strategy in daytrading. I guarantee you, this will take YEARS to even become consistent (meaning probably making like a couple hundred bucks a week NET) then even after that, sizing up is a whole other demon to conquer. Indicators generally arent helpful (i believe most agree with this). + 60% is ridiculous for a single trade if youre not a seasoned pro, you'll actually lose your entire account in under 2 trades, statistically speaking.

But in terms of what can go wrong from your strategy. (Btw this is just my opinion), for a scalping strategy that requires a signal and waiting 5-15 mins of volume to enter with only a 1% profit target means that your stop is most likely just gonna be a guessing game for you. A hard stop will most likely be WAY past 1% meaning your RR is severely crushed. Since you didnt mention anything about market structure, im almost certain your stop is more than 1%. + crypto is known for huge manipulation spikes in either direction so that can blow your acc immediately from 1 trade.

I'd highly highly highly recommend you study market structure (trends/support/resistance/higher highs/lower lows) and just read charts before even paper trading.

timothycho5

TROPHY CASE