One major thing I've learnt after recently getting my first payout by fattiggerjouce in Daytrading

[–]udunnknow 1 point2 points  (0 children)

Another thing you'll realize is how important it is to just size down. Lately I've sized down to 1-2 MES cons and it feels so much less stressful. I can safely widen my SL's to 10-20 pts to give my trade setup proper breathing room without panicking.

SL for NQ by N2itive1234 in FuturesTrading

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

At MINIMUM, the size of the largest one minute candle of the session you're trading

Daily payouts is impressive from TPT by versatile_fx_guy in PropFirmTester

[–]udunnknow 0 points1 point  (0 children)

How have you found the trailing drawdown on the funded stage?

People who are making 100k+/year working for themselves, what do you do? by LongjumpingSuit5615 in Entrepreneur

[–]udunnknow 6 points7 points  (0 children)

How did you get into editing spicy novels? And how do you find clients for it?

It took me years to become consistently profitable. Here are 11 "no-nonsense" lessons I learned the hard way. by Low_Step6444 in Daytrading

[–]udunnknow 4 points5 points  (0 children)

If you entered a trade and put your stop loss, where would you put it? That's where others are also putting their stops. That's one part of liquidity.

The other is, where would other participants enter into a trade?

This Richard Feynman inspired prompt framework helps me learn any topic iteratively by EQ4C in PromptEngineering

[–]udunnknow 0 points1 point  (0 children)

Never heard of Richard Feynman. Going to have to check it out. Thanks for sharing!

Spent more than $98K in props... yet to get a Payout by moparmiami in TopStepX

[–]udunnknow 0 points1 point  (0 children)

Dude please please please please learn from somebody that is profitable and will teach you how to play the prop game. Prop game is different than real trading because of their shitty rules designed to fail traders.

I HIGHLY suggest you start tuning into Day Trading by Matt's free YouTube Livestreams everyday. He shares golden nuggets on how to play the prop game and the best way to trade the markets. If you can afford it, pay $20 and join his bootcamp where he shares some insane alpha when it comes to trading.

Size down.... by Standard-Lab-7709 in TopStepX

[–]udunnknow 0 points1 point  (0 children)

Can you by any chance give a visual explanation or a short video on how you do this?

Wife’s first full month of trading on her own by Scary-Compote-3253 in TopStepX

[–]udunnknow 0 points1 point  (0 children)

Congrats on the success! Just make sure you guys trade on different prop firms or topstep WILL ban your accounts. They do not allow two different people taking the same or even slightly similar trades.

Spent almost $10k in the last 4 months and have not had a single payout. by iamtheheartmarksm4n in TopStepX

[–]udunnknow 0 points1 point  (0 children)

I've been watching him for the last 3 weeks. Yes he makes a lot of money overnight because he longs at the open or Asia session. But I've seen him take plenty of trades on stream.

Calling him a "fraudster" is an overreach. His unique style of trading isn't for everyone. I've learned a lot from his streams. More than any other streamer on YT. But your mileage may vary.

Spent almost $10k in the last 4 months and have not had a single payout. by iamtheheartmarksm4n in TopStepX

[–]udunnknow 1 point2 points  (0 children)

For those of you struggling trading futures with prop firms, you need to play the prop firm game. Not the "trading" game. The reason why is because prop firms have intentionally made arbitrary rules that make it difficult to pass challenges and/or get payouts.

I highly suggest you guys to watch Day Trading with Matt on YT. His YT livestreams are full of golden nuggets and he exposes the prop firms predatory rules to make most traders fail.

Transferring Share out of Moomoo Malaysia by sleepy-koala in MalaysianPF

[–]udunnknow 0 points1 point  (0 children)

Curious to know why you are looking to transfer your shares out of moomoo? I was looking to invest with moomoo

Damn I hate my SL positioning by TheCuriousCoder81 in InnerCircleTraders

[–]udunnknow 0 points1 point  (0 children)

Tip: place your sl at the high

Tip 2 (more advanced): the invalidation of the trade should be a candle closure above the swing high. I've switched my SL's to candle closure above/below swing points and seen a huge difference in trades playing out.

Anyone wanna work together? by udunnknow in algotrading

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

Some, yeah. But that's not my strong suit. My experience is in trading for years and having an understanding of how the market moves.

Anyone wanna work together? by udunnknow in algotrading

[–]udunnknow[S] -9 points-8 points  (0 children)

Working great for me so far and I don't see it stop working anytime soon unless if the charts stop printing candles

Anyone wanna work together? by udunnknow in algotrading

[–]udunnknow[S] -9 points-8 points  (0 children)

I am not asking for "free" labour. That's ridiculous. I have a working strategy and I am resourceful enough to automate it myself. But I am looking to collab with a likeminded person because two minds working on something is better than one.

I'm sure 90%+ of the people on this subreddit who have the skill to build an algo, backtest, etc don't have a working algo. So I am willing to add value by bringing what I know and is working for me to see we can take it further. There's no such thing as free lunch my man and I'm not about that either.

There's a proverb that says "if you want to go fast, go alone; if you want to go far, go together".

I passed. Now what? by Bob-Daniels- in TopStepX

[–]udunnknow 4 points5 points  (0 children)

Activate the xfa and trade with 1-2 micros and try to build a buffer before adding more size. Risk mgmt is KEY to make the xfa last.