Strict Stop Loses Lose You Money...
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- čas přidán 14. 06. 2023
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Thats why a good entry is really important
What site/app do you use for trading?
@@jujulilbrown2344metatrader
No. It's not important where you enter, it's important where you exit
Good l il finding the so called hood entries
@@andrebogdanuk I agree , a good entry and a good exit plan 👍
Don't be too greedy 😉
perfect SL to get eaten up by liquidity grabs.
then where would you place your SL? Veteran traders would not put a SL at all.
@@ltk7309 You can increase the SL distance by 50% or 100%. Eats into your risk/reward ratio of course.
How do veteran traders handle a trade that is going ever further into the wrong direction?
This is why you only put the SL at the top once liquidity has been grabbed first
Yeh true and fuck knows what time frame hes on, is this 15, 30, 4hour? Fkn daily? Long time for fuck all or alot in about 1 hour if thats 5 min.. such an open ended video. I mean, nice trade but shit video
@ltk7309 bingo
"Stop hunts isn't a joke. Millions of lives lost every year" - Dwight Shrute.
That's what she said!
What software are you using to trade
No, I always wait for the double top to play out. If it goes above resistance it’s a long. So it’s better to be patient
Thank you because a lot of people do a lot of talking but don’t show examples as well as you do
No. Do not hold. JUST get back in later
I agree. To much risk. You can always get back in under the range
Thanks
Exactly. Limit losses and if it reaches peak and shows resistance just buy again there
No right or wrong here, context matters a lot and individual preferences too. But I do prefer get in back later myself
As a scalper, I would have closed manually either on the first strong green bar or at latest on the second large green candle with a second one in a row...
Or lets say like this: I would not have opened the trade in the first place because of the large green candle - I would rather wait on the sidelines for any structural confirmation (up or down).
My fav strategy....profit taking is the catalyst...the more the % up since the open, the more room for a pullback,down leg, dip,fade, etc etc lol
Another way to approach the trade is to take the stop out when the trade goes against you. Then re-enter the trade once you see it pushing down past your original entry point.
take the stop out? Take stop loss out?? Huh? Do you mean close the trade?
@@ltk7309i share your confusion. 😂
My reply is confusing. Take a loss on your first trade due to your order's stop being hit. Then, reenter another trade that is more to your liking.
@bellonamars2541 this keeps the losses small too👍
@@bellonamars2541 Ahh thanks for the clarification!
Great teaching. I had 2 TSLA calls got stopped out with small loss, later one small win recovered the loss. But I got stopped out all the time. SPY Calls today also stopped out
Yes, something ppl will always learn the hard way. But very useful video
He enters on a lower high or higher low with a strong candle pattern from S/R. It's basically a failed attempt to make a new high or low. Some other good traders use the same pattern, it's called "Rubber man" by Navin Prithyani AFAIK. More conservative alternative is you wait for structure shift and enter on a pullback. Nothing else is needed really, no indicator overbought or divergence or whatever.
that's after cpi, that usually happens 15-30 mins after cpi
What your saying is heighten the stop lost set your profit and let the market do the work.
We use the Qline+Moneyball Indicator Combo in our Firm... on all our Prop accounts
I love financial astrology 😍
What's the name a platform are you using ???
This is simple! Price action and formation of Pivot.
Keep teaching this my man!!! Your helping us out more than you know😉
Which app you use please 😢😢
this is 100% true, it happned to me a lot, tight sl make you lose the wining trade
Untested strategies make you lose. I talk about PE daily.
I did the same thing! Held on 😬 and made a good profit on the next dip.
You should be getting out at that Green RRT, then re entering when they paint the double top. More times than not they will hit your stops before continuing, you can get out near break even risk free, then renter.
Not on a margin account, you risk PDT penalty and the price to get back in is higher, RR
That's why the power of SNR with rejection and consolidation for extra confluence also confidence.
thanks for your help good job
But for options though.....
Really simple but really valuable. Well done.
terrible entry price . go for lower high with the stop next time take partial profits on support
I did it exactly like that... Went on short... But market went reverse... I've literally came back from -60% to -2% in a day ... I was adjusting stop loss accordingly... Now I am still in - but i hope soon I'll be getting profits.
scalping by definition is risking more than your reward, this isnt a scalp
This is true. All you need is High amount of Capital
No. For that kind of profit yes... but i think he bought 1 lot. on a 0.01 lot it would've been 4$ profit but you actually enter with like 10$? on a 0.01 lot, depending on the leverage used with your broker.
Shit entry but it does work. Sell where others are selling.
You had a wrong entry. Should have waited for the double top then enter.
Yeah well the dude cant trade for shit. Hes a straight con artist
This exactly what happened to me yesterday
Moral is buy more shares/contracts, to only make $400 on that move seems a shame.
Oh my gosh, this type of trading can go so against you big time. I have watched a $2 stock just keep going up to 50....and then 60, and then $100.... Be very careful, you can lose everything if you get stuck.
That's why you use stoplosses
This is the kind of stuff that made me subscribe
In reality price would spike the high, trigger your SL then dump leaving you with anger and rage. Liquidity is exactly there where he had his SL.
This was wonderful yo watch.
So I don’t have a platform to do traditional trading practices on my mobile device. I use binary options and constantly get burned.
Solid advice for any beginners
New daily high is your stop. Not bad. Lol
What are platform are u using
I tried stoploss and found it not to be my thing; I just often found me thinking that the markets were hunting for it, to what I had to say sayonara and I'm glad I did: The moral of the story is to do your due diligence in finding what works for you and be happy.
I call this lucky 🤞
What trading platform do you use
is this a put options trade?
Thanks man. I've lost a dew battles without proper stop loss
Never ever ever NEVER put your stop at the exact high or low. Go a few pips or points beyond it, especially in forex and futures. I specifically look for dum dums to scalp those liquidity grabs.
I would’ve added on after that. Double top perfect double top shape.
I always keep tight stops, a good entry is the main thing to look for. You definitely could’ve entered earlier. If i have a bad entry and my SL gets hit i always look for a re-entry but NOT chasing the trade.
I would have waited for a break of structure. I could see the gap. So lucky it did break structure and filled the gap
Nice vids rlly appreciate
Better than me.. I pull out once I see I’m losing $5, then I enter the trade going toward the opposite way to make my $5 back plus extra 😂
Help needed am a beginner I need a good teacher❤❤❤❤❤❤❤❤
What are u trading here broski futures or options? I assume futures ? But jw
what platform is this?
Riley, thanks I always had questions when to enter when the market has a crazy move up or down. It seems from this video that the best time to enter it seems that is when price is reversing after some consolidation. Thanks!
Facts brother❤
Question, what are you trading? Do you use tics or actual money?
Thank you for the useful video, I’m new to the world of cryptocurrency, the video helped me understand some things, I’m looking forward to more videos from you. Thank you!
At time frame is this?
What time frame do you use when you trade?
How about using order flow to enter at the pinnacle. Not only will that allow you to have a way tighter stop but you can also put on bigger size with the stop being closer. ORDER FLOW! It changed the game for me.
I would have entered the sell trade straight after 1st green candle followed by 1st red... And would have seen stochastic rsi is oversold or not... This is how I plan reversal trades in supply and demand zones....
He gained money by it going down ???
How is he making when the candlestick pattern was going downwards ?? I’m new to this stuff please explain
I would short only double or triple top. This one is too risky for me 😢
Break & Retest Strategy.... SL at the previous LH
Amazing gem 😍💎
What do you use for recording yourself?
Use footprint chart to put stoploss
Don't forget your break even points when the trade is going crazy. You might as well loose it all
Guys like this teaching people how to be liquidity is why i make money ✅
Gotta wait it out baby 🎉🎉🎉😂
The time frame??
So howd you know it was gonna drop though?
How do you know if the trend wont continiue since its kind of bullish structure, if you zoom out whats the box you marked where does the consolidation come from before
Can someone tell me why when the stock is going down that he's earning money? I always see this but I don't get it?!!
He is short selling. He needs the stock to go down to make money.
What is your timeframe? @RileyColeman
Maybe waiting for the lower high (2nd high if you will) would’ve been a better entry?
There is a little more to it. But that is right about stop loss. Use the ATR rule
You entered to early look at the structure that formed for a rejection and a mich better rr
Yeah thats ok but 1 more thing you can do is wait for the retest and then go in and make your risk lower and make more profit 😊
So you got in close to the top and profited as it went down? Why is the stop loss way up there, is the chart inverted?
I get using a stop loss for a short but why do ppl use stop losses when buying low selling high? Why not just wait for the market to eventually rise again (considering good stocks usually do)
What futures do you normally trade?
Your stoploss is my sell limit. Sometime i even get in with 5 micros, and have a other 5 at highs just in case. But that just me .
you should've waited for that liquidity sweep that happened after the first break of structure then wait for second break of structure. You would enter at the same price but with more cobfluences and you wouldn't be trading like most retail traders who fall for liquidity (you got lucky because only 1 liquidity got taken out)
I am confused a bit can anyone please tell me why he is profiting when the red candle is going down. Doesn't the red candle means that the market is going down and your losing your money. One more thing is he trading in stock market or forex
He’s shorting the market
Great information
Can you explain to me why your profits go up when the bar is dropping? I thought profits were up when the green bar went up
True but no need for that of a stop loss could have had a better entry
Whats the time frame for this graph we’re looking at
New to the channel, some info to help people: for trading this is solid advice, for investing NEVER USE STOP LOSSES. Set price alerts of course but never sell a down position automatically. You need to check the reason for the drop because most of the time big drops are over reactions or whole market dips. If the reason you bought in hasn't changed and this dip is a temporary setback then the best thing to do is buy more to average down.
Haha, buy more when it's dumping and hope it'll go back up before you blow your account. Nice.
You know how many trades I lost because the SL and ends up reaching my TP... Nah understand the market structure is key. Im my stop loss,
Ok, is that.a smart concept indicator for stop loss? Also, I'm in search of a TP/SL indicator that's useful. Haven't
seen much so far. Do they let us make one for T.V?
I would have have also spotted the double top and get in when the neck gets broken. Would been a bit of a late entry though
I'd rather enter late rather than entry without all the confluences ticked .
ME TOO!
what stock was this and did you trade micros or minis?
Wait so when your trading Dow is good or does it depend on what website your trading on
The algorithm targets High where buy stops and sell stops are. This is a bad idea