Trying to get that funded account

[Heydrrich]

Can you tell why you missed the spike ?
And what could be done about it ?
It’s a false negative.

Still the “Spike” is half the downtrend.
It’s a counter trend trade.

Yes but you cannot know beforehand if its a counter trend trade, the spike could've gone higher.

What went wrong is that I entered with 2 contracts instead of 1 (shouldve gone minimum size when catching knives), and the reversal before the spike up did not had enough characteristics of being a credible reversal.

Anyway it is a bad idea to catch knives.

 

[Turveyd]

Yes but you cannot know beforehand if its a counter trend trade, the spike could've gone higher.

What went wrong is that I entered with 2 contracts instead of 1 (shouldve gone minimum size when catching knives), and the reversal before the spike up did not had enough characteristics of being a credible reversal.

Anyway it is a bad idea to catch knives.

Never catch knives wait for an area to form ie a pull back then a few mins of sideways then back on trend with a tight SL letting profit run.

Do that 5 times per day and your rich, get greedy chase a trade watch it turn on you or buy a breakout which most are fake.

Patience is your best friend master that.

 

[Heydrrich]

Can you tell why you missed the spike ?
And what could be done about it ?
It’s a false negative.

Still the “Spike” is half the downtrend.
It’s a counter trend trade.

Good point I think my problem was not being able to scale in since it was the end of the session. Also the margin of error is very tight on this program, so scaling in on this volatility is not a good proposition, since it can hurt your account quick if price go against you a few points.

 

[Heydrrich]

Got my ass kicked, luckily it was not my own money.

Starting anew:

 

[Sekiyo]

Got my ass kicked, luckily it was not my own money.
View attachment 232027

Starting anew:

View attachment 232028

Don’t forget my advice.
To avoid resets. Demo practice.
Wait for the billing to take care of itself.

No need to pay to practice.
It’s a bad habit too.

“I don’t care if I blow up,
I just have to do a reset”

If you blow up you need more practice.

 

[Heydrrich]

Happy with the result today, up 15 points so I can screw up atleast 1 trade tomorrow

 

[Heydrrich]

Not happy with today, was up to 152k but somehow messed it all up, atleast more $ than yesterday.

 

[Heydrrich]

almost

 

[Heydrrich]

only 500$ left for passing the target, what happened ?

It was my goal to get to that 9k target this week. Too bad it didnt happen. Closed shop yesterday after booking the profits (bad idea, should have banked on the volatility while it was there), tried to catch any upmove today to just get past that 9k profit level and call it a day.... However all the bull setups failed after the morning session, should've stayed rational and not fixate so much on that 9k amount, it led to bad trading, no biggie ....lets seal the deal next week....

 

[Heydrrich]

I think I've nudged the target amount at the peak, or atleast very very very close (was long 2 contracts with 23 points profit = 23 * 100 = 2300 + 157.000 = 159300), however I've broken the rule which encompasses trading within a certain time limit. So I have to start over again. I feel this is not the way to go with all those time constraints, so I consider starting a PnL journal instead.