stops may be hit also because of faulty placement. if you are trading a longer time frames then you must allow that the smaller time frames overrule the longer time frames for short periods of time..... so if you place stop below a larger time frame support or above a larger time frame resistance, then a smaller time move will beak through momentarily and trigger your stop and you will blame the market maker. when it is actually the nature of the market to do this sort of movements i believe that the all market movements end and begin with a smaller time frame move ....and that is why stops placed on a larger time frame are always in danger
but what about those that have not traded for long...what about them.....i hope this will inform them of some of the scenery they may encounter on their journey
I agree too. Thats what their journey makes them realize- how to control emotions in such circumstances.
There you go. Trying to catch an exact, or close to it, reversal. Been there done that. No more. I let price go my way first, before getting in. Give it a try.
Your trading journey will be full of uncertainties. Keep your head high and learn from your bad trades. Stay motivated and keep on improving.
Keep a journal and be brutally honest with yourself. Start a spreadsheet that tracks your performance metrics. If you’re daytrading - well, you’re finding out that is an especially viscous way to go about it.
Aghh the original post was fine. I always slightly gag reading such posts, because it's how it is and the funny thing is the OP doesn't know what he has coming for him. Daytrading can send you places you didn't know exist. And i don't mean it in a good way
I am still of the conviction that newbs are so much better off swing trading very very very small size. So small that you can have on a position for days and it does not cause you anxiety or distraction. When you get it going you can lever up. And you are not at the mercy of the bots and spoofers and gamers and algos.
You can only be mad at yourself, But actually ... You shouldn’t feel that way. When the market goes 1 tick against your SL ... You were 2 ticks too tight... That’s it. But it doesn’t matter. What’s important is the consequences. Always look forwards. I often get stopped out by 1 tick. I also often get stopped out by 10pts.