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Hi Matcha, Congrats! Excellent trades and results! I am very happy for you. Your trade #2 (LONG) was spot on. Very nice catch. Yes, today was a great day to practice reading PA. I made 2 trades also. Net was half of yours, +1.50 pts. --po

Hi Matcha, It's great to see your post! I think you've made a great decision to go with your current Conservative approach. What is most important is this will fit the psychology of your trading better knowing that by given up a "bigger" profit potential for each individual trade you will...

Hi Matcha, Excellent PnL for you today! Your "Gap-and-Go/Consolidation Day" rule did it's wonder today. The market looked pretty flat for the rest of the day after the morning run. Way to Go! Best trading to you! --po

Hi Matcha, Congrats on your first week of trading the ES! You did well on a positive note for the week. You will get used to ES in no time, 'cause you are very smart! Have a nice weekend! --po

Hi Matcha, Very nice Long trade! And nice recap on the 2 potential setups. It will benefit you in the long run. I made only 1 Long trade today at around 8am pst. +1 pt. in LIVE trading. For the rest of the day, I did the same thing as you did, learning the PA by observing the patterns...

Thanks Matcha. I agree with you on the risk and profit mindset. Got to reassess my initial default stop. And think about tightening the stop 2 ticks below the EB after the bar is closed. But I never seemed to get the handle on this. --po

Hi Matcha, Indeed it was a wild wild wild day. Traders were trading the "headline news". I took a Long trade at exactly the same spot as your #2 and got stopped out for -1.5pts. I thought the market was making a reversal at that point. In retrospect, it didn't look like there was any big...

Hi NoDoji, Another excellent advice on how to handle trade exits. I definitely need to adhere to this! I am going to print this out to remind myself. :) Thank you very much. --po

Hi Matcha, I had a similar LONG trade at 7:02am p.t. at 1260.75 but a different outcome. I hanged on to the trade to try to reach my target but was stopped out at 1259.00. My stop was set at -1.75 points. Evidentally, the stop needed to be a bit wider. The market turned around immediately...

Thank you NoDoji, :) All my trades are in (OCO) bracket orders with a target and a stop. I just need to work on the "walk away" part. --po

Hi NoDoji, It's a bit of both. In the Long trade that I took in the afternoon, at 3:02 PM EST at 1286.75, my initial target was for 2.50+ points or exit at around the previous swing high at 1289.75. But right after I entered the trade, it dropped to 1285.25 (-1.50 pts) just above my...

Hi Matcha, Welcome to the ES trading!!!!! A very nice H2 setup that you took. I took 2 trades, 1 Short in the morning and 1 Long in the afternoon. Exited too soon. Net +2.25 ES pts. I still need a lot of work on the "exits". --po

Hi Matcha, A winning week for you! Hope you got your platform problem resolved. I have been working on my trailing stops and exits. For me, it's hard to see a winning trade of 1.5~2.0 ES pts. to slip away trying to capture a bigger return and allowing it to become a scratch trade. I...

Hi Matcha, Today's chart has a bit of everything. You are right that it gave great opportunities to learn. I have a bit of a struggle today for most of my exits allowing profits to slip by me trying to "let profits run". I still have a lot to practice on using trailing stops. I heard...

Hi Matcha, Same here. I need more practice to help me with the staying power of a winning trade. Today, I was in a long trade and got out way too early missing a big part of the run. Took only 1 Long trade, net 2.25 ES pts. Good trading to you! --po

Hi Matcha, Awesome!!!!!! I am so happy for you! --po

Hi Matcha, I am so happy for you for your excellent performance in today's trading. Not only the very nice PnL, it's the discipline and the thought process that went into it. You deserved an "A" for your effort!!!!! I loved this: :) "..... “oh, no, I missed the move, I want to be in...

Hi Matcha, Glad that you are making progress in the emotional front. Fixing this part of the equation is critical in this phase of our learning. Today's market was tricky in those 2 congested areas where you had your trades. I didn't do well either. Took 5 trades (2+, 3-), net -2 ES pts...

Hi Matcha, Congrats on a job well done! It's great to stay with the trend & most importantly to stick to your plan today! I took a couple of long trades at a PB. Made a couple of ES pts. --po

Hi Matcha, It's cool to stay calm. :) You did well today for taking only LONG trades after a PB in the first 1.5 hours. I believe at the end of the day, when you look back, you will be at peace with yourself when all your trades follow your planned setup. Win, loss or b/e (like all the...