WHAT IS A SECOND ENTRY ?

best to show in pic what is second entry

 

i am just defining second entries... what they are

according to Brooks they have a significance

according to you first and second entries do not mean anything.

you are right i do not understand what you are saying

 

yes i can or you can see the video in a earlier post

(301) Chapter 10 - 2nd Entries (Al Brooks: Trading Price Action Trends) - YouTube

 

you mean first entry is a test or the second is?

 

Brooks has a habit of doing that.

 

second entry is safer than first entry but it is obvious, that if the first, is a wrong trade because of overall context then the second is wrong too.
also second entries often lead to scalps

 

Good Morning padutrader,

Lol you love Brooks

 

since prop funds have very tight loss targets and you can be totally out on your backside, the only option i think ,traders have ,with prop funds is to scalp.

here the problem is that ,with scalps, the stop/risk is high you need a win rate of over 90% to survive.

this win rate is not sustainable and so of course prop funds are betting you will lose and it will be surprising if you do not fail sooner or later

 

i am a poor fellow trying to make a few extra usd and i will believe in Brooks, God or the Devil if i can do that

 

Hello padutrader,

Yes, you are right. The drawdown are small

But, you gotta do it. We can't lose alot money