Successful people will do what unsuccessful people won’t or can’t do!
Joined May 2017
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Every success in life (including trading) is a result of correct decision. Correct decision is a result of experience. And experience is a result of a failure or mistake. What one learns from the failure is important.
Biden gave Ukraine Tomahawks??? Does this corrupted Kremlin Server ever stops lying???? Is US Senat really OK with all these blatant lies? Asking for A Friend…:
GREAT POST. Good trades work right away. Loss of the opportunity by sitting in the bad trade is far greater than small loss from the scratch + commissions.🏆
I think the biggest reason most fail at retail trading is pain avoidance. Adding to losers, staying in a trade too long that is going no where. Taking profits too early because you spent 30 minutes red and now are green (sweet baby jesus trade.)
General rule for me in a trade is if it doesn't quickly move in the direction I'm expecting I get out. I'll flatten before my stop loss many more times than my stop loss getting hit. My stop loss is there for the "oh shit" moments.
Closing a losing trade you stop worrying about the trade and open yourself up for the next set up. Heck, I may get right back in the trade.
Transaction costs are minimal these days. When I first got into trading in the 90s... I remember the excitement when E-Trade dropped commissions to 9.95/side. lol.
I officially declare that today ES put out THE MOST idiotic and ridiculous day EVER. Not a SINGLE fucking pullback throughout the entire RTH. I have NEVER seen such shit in my 28 years of doing this. NQ was not any better.
Rally / Reversal time? NQ is down 6 days in a row and touched 12% correction from OTH. FOMC + Major earnings after the bell. Did we get ourselves some trapped Bears???
CME is launching single stock futures. Great. More ways for degenerate gamblers to lose their money….
SIMPLY BRILLIANT! It demonstrates so clearly level of intelligence Zelenskyy has compared to any opponent. He’s an example of what the President of the Proud Nation should be!👏🏻👏🏻👏🏻
The most important job of every trader (and especially scalper) is to understand the context and who he/she trading against. This guy shows you how. 👇🏻
Took this trade live on YT! If you guys want to see executions on the setups I take, make sure you guys join the live or watch it after when you can. Very insightful. $ES
📈Trade Breakdown:
- Saw buyers becoming exhausted. Effort not being rewarded around 7430-7432
- Aggressive sellers stepped in (7426-7428) AFTER buyers could not push price to make new highs intraday.
- Entered short @ 7427 after seeing aggressive sellers (pink bubble)
- Target 7412-7415 which is the LVN (low volume node)
- R/R: 1.83
