WHAT IS A SECOND ENTRY ?

[ironchef]

Good Morning semperfrosty,

You are correct. Thank you for telling me that.

Don't be too humble.

 

[ironchef]

what novices should not do, is confidently click click click ,every time they see something.

they should not use 5M 10M 15M 20M because they will make a lot of trades because they are seeing things.
once you 'over trade' you are dead in the water in small time frames.

i traded daily time frame for 15 years.

nowadays novices trade 5 min because they can, not because they know what they are doing.

you need to trade for 10 years while learning all you can.

when you are trading 5 min your mind is not stable .it is all over the place. you cannot trade and think and observe and learn at a same time.

they key is not in making trades but observing and learning.
do not forget commissions and other costs like slippage. Today my costs are 50% of my losses...that is massive and it the elephaNT IN THE ROOM

also choose swing or scalp

I trade 1 min charts using tick by tick and tape reading as guides and 3 min, 5 min charts for trend confirmation.

I am a brand new user of trend following with this approach, less than a year into it, so you can say I am a newbie day trader.

Am I doomed?

Another problem is I have no clue why it works.

 

[zghorner]

I trade 1 min charts using tick by tick and tape reading as guides and 3 min, 5 min charts for trend confirmation.

I am a brand new user of trend following with this approach, less than a year into it, so you can say I am a newbie day trader.

Am I doomed?

Another problem is I have no clue why it works.

You trolling too or serious?

 

[padutrader]

your turn.

i am not here to teach anyone.

only to say learn and work hard at learning

 

[ironchef]

You trolling too or serious?

I am serious. I trade options full time since 2013.

Only retried day trading, starting early this year. and that is my current day trade approach and method.

 

[padutrader]

Another problem is I have no clue why it works.

that is not a problem it is BIG problem.

because then you do not know, when it has not worked, and that you have to get out.

if it always works then i am pleased to welcome you to the 100 BILLION club

 

[padutrader]

I am serious. That is my current day trade approach and method.

i presume you know GOD well and you have him on your side

 

[rb7]

Hello Everyone ,

The post I made above, I forgot to say this disclaimer:

I am a currently right now in my trading a Losing Trader so far of about -$8,000 on the fiscal year of 2023. Let's see how the next 2 months go.

I will start stating this disclaimer in all my post.

Thank you for reading.

You're just about 1,008,000$ short of your yearly goal.
I guess you didn't click enough.

I also guess that you learnt from your losses and mistakes...

 

[SimpleMeLike]

You're just about 1,008,000$ short of your yearly goal.
I guess you didn't click enough.

I also guess that you learnt from your losses and mistakes...

Hello rb7,

Yes sir. My yearly goal was to get to 100 ES contracts and make $500K to $1 Million dollars in my trading account, but I am down about -$8000 all together.

So you right, I am not achieving my goal right now. 2 more months to go.

I learn from mistakes.

 

[rb7]

Hello rb7,

Yes sir. My yearly goal was to get to 100 ES contracts and make $500K to $1 Million dollars in my trading account, but I am down about -$8000 all together.

So you right, I am not achieving my goal right now. 2 more months to go.

I learn from mistakes.

Can you share details on what you have learnt?