Yes, focus on the process of good trading and the P&L will take care of itself, and there are plenty of trend setups in a week....no need for counter trend unless one is a skilled scalper and wants to do those trades....I don't.
Exactly. Good process yields good outcomes. Still have bad habits I need to replace. Actually took 1 counter trade that I had to scratch +1 tick. Went 1 point in my favor then struggled around my entry to finally go the other way. That’s nonsense. The path of least resistance is the way ! Could have easily made 20% if I had not taken profit so eagerly. I mean once the train is running … It can make 2 or 3 points more. The toughest one are the first ! Maybe at +1R I should move stop at Breakeven then look for 2R or even 3R. Let’s see. As I trade 1c I can’t take partial profit and let runners. Could trade MES though. Up to 18 per points (1800/100) depending on the risk.
It's a good practice to review your signals at the end of each day/week to determine how trade should be managed. You don't want to go too quickly to BE stop out of comfort but because price action on your signals indicate it's a good place to move it. Again, so many fail because they want to rush to "safety" at the price of profit. A trader HAS to get comfortable with risk and it's associated discomfort....hard to do but really not optional.
I used to journal (Record + Review) when I was trading off the DOM only for 3 months but I am not doing it anymore … Yup at least review fills on chart and see. That’s right we can’t cut corner otherwise we’re going to turn nice trades into nothing for the sake of safety. Price action is king. Guess we get used to losses, risk and uncertainty / discomfort through repetition. Need to repeat the right beliefs, thoughts, feelings and actions in order to make it the default behavior. If I repeat being scared and doubtful then I won’t learn being tempered and confident. We are what we repeat. Perfect practice makes perfect.
Goal Increase R multiple _ by buying at the right place Increase %Win likelihood _ by buying at the right time Take the most & Give the least, _Tight Agressive player style. __Best hands or fold. Record and Review Don’t take small profits _ Aim for at least 2R _ Practice patience Think in terms of Expected Value _ It’s a profitable trade whatever the outcome. Respect your daily bankroll Don’t bet it on 1 trade Don’t anticipate signals, Use limit orders, don’t FOMO Always place a stop If it bothers you. Don’t take the trade. Respect max daily loss. Take 1 day break after max daily loss Always show up for open. Don’t trade more than 90min. Don’t try to finish the day green. Never trade your opinions, Always trade Price Action. Stop if you can’t focus.
About to get "Funded" with Apex on these 2 accounts. Goal is 26,500, 7 days minimum of trading. Tomorrow is 7th day. I didn't know with Apex, that you needed to pay 85$ per month to activate the "Funded account". Therefore I'll have to pay 170$ to activate those but I'll have to wait next month (Personal reasons) Goal is to withdraw twice 1500$ x 2 First withdrawal is to pay for some personal stuff. Second withdrawal is to finance 18 other 25k Apex accounts. I hope to withdraw 1500$ x 20 about 4 times to finance my own account. No timeline but it should takes about 6 months at 1500$ per month. Let's see ... Better to trade without expectation. I'll have to build up a 1000$ or 1500$ margin and withdraw anything above. Then when I am done I'll be able to withdraw the cushion. 1500 per month is 1.5 ES point in average per day. Used to trade with limit orders but with several accounts ... It's tough because sometimes limit ain't filled on all accounts + I can't move the order all at once therefore I trade @ the market. What's funny is Apex already sent me 2 contracts on Deels, When I haven't even activated one funded account yet. I'll keep you updated. Take it easy.
What's funny is Apex already sent me 2 contracts on Deels, When I haven't even activated one funded account yet. I'll keep you updated. Take it easy. View attachment 317379 [/QUOTE] They are giving you advances on your future earnings. They must like you a lot. Very impressive. Or it's a mistake.
LMAO maybe it’s a marketing strategy, They didn’t send money. Only the contracts. They give hope to the traders so they keep trying. They are mirroring success Ahaha
Even with an edge like this P(Win) : 0.8 & Reward to risk : 1 200$ Risk per day could blow up a 25K (1500$) Account The probability is tiny (Less than 1 in 10,000) Might lower the risk to 150$ per day. P(Win) is very optimistic. Was just saying. Going to be tough. One way to handle variance might be to build up the account, The Apex drawdown limit stops trailing at breakeven.