Wow what an incredibly difficult day to trade, I was just winning/losing trades alternately and couldn’t get any kind of consistency, market looked to be doing one thing and then another. Pretty much every trade I took went against me immediately, some turned round and some didn’t.
Eventually (by 9:45 lol) I did manage to hit my target for a profit of $175 on my Topstep Futures account, so job done. I am now very close to being half way to qualifying for this and that’s 10 winning days in a row, the win rate today is poor probably only just over 50% but still.
The breakouts were hit and miss again, a win, a loss and a break even trade.
I can relate to this! Almost like the market, when daytrading, is saying - “No,no you aint having this bit of profit”. Having said that there have been some nice little runners on Nas especially 1min chart - but one candle can suddenly wipe you out. Being in Cambodia at the moment with intermittent blackouts, I’m just watching or demo. If I was trading for real I think a guaranteed tight SL could be helpful.
You are doing well - chin up all the best with funny markets.
And again, so difficult to trade today, I thought this was supposed to get easier with practise?
Anyway, after being down over $100 at one stage and nearly stopping I managed to turn it around again by 1:30pm to end the day in profit by $180, my best day so far even if the win rate wasn’t great.
That’s the Topstep account, scalping Gold, I am now over half way to the $3k profit target to qualify on this account. If I can keep this up I will qualify around the 7th November, can’t trade next week as I am in Spain.
One thing I will be doing is being more careful before taking my first trade of the day as I have been losing those far too often, probably jumping in a bit too quickly.
It does get easier, with time. Just sometimes needs a lot of time!
More seriously, it depends how people have started. Understandably, really. Most retail traders start on their own - often with many external inputs, sometimes too many, and sometimes conflicting ones - and don’t even necessarily know what their “rules” are, but try to work those out as they go along.
Almost like the market, when daytrading, is saying - “No,no you aint having this bit of profit”. Having said that there have been some nice little runners on Nas especially 1min chart - but one candle can suddenly wipe you out. Being in Cambodia at the moment with intermittent blackouts, I’m just watching or demo. If I was trading for real I think a guaranteed tight SL could be helpful.
