What would you have done yesterday on /PL? I tried to take the long yesterday. Got in at 931 with a stop at 926.6 below the last low of last candle. Got stopped out. Reversed position to take the low on the previous candle. Reversed and blew up overnight over 18points
Great question! First and foremost, there’s a risk management problem here, if 2 trades will blow you up you need to size way down. Looking at the 4hr the failed 2down candle stopped you out. Then it went back up and flipped bullish. I also don’t trade Sundays, only Mon-Fri NY session I would’ve been stopped out of this trade myself the way I trade. I would’ve taken the L gracefully and waited for another setup
Thanks. I was starting to question the strat too. This was my second trade using it. I was a normal trend line trader. Trying the strat to see if I can do better with it. @@ceruleanmindacademy
Missed it. I had it queued too
Next time! Use the same link to sign up 💪🏽
What would you have done yesterday on /PL? I tried to take the long yesterday. Got in at 931 with a stop at 926.6 below the last low of last candle. Got stopped out. Reversed position to take the low on the previous candle. Reversed and blew up overnight over 18points
Great question! First and foremost, there’s a risk management problem here, if 2 trades will blow you up you need to size way down. Looking at the 4hr the failed 2down candle stopped you out. Then it went back up and flipped bullish.
I also don’t trade Sundays, only Mon-Fri NY session
I would’ve been stopped out of this trade myself the way I trade. I would’ve taken the L gracefully and waited for another setup
Thanks. I was starting to question the strat too. This was my second trade using it. I was a normal trend line trader. Trying the strat to see if I can do better with it. @@ceruleanmindacademy