Newer traders should stay on shorter time frames. Practice execution, practice being nimble in your bias. Time in the market = risk. Get in and after you exit and are flat, there is zero risk. Fewer trades = better. Too easy to get snowblind in the afternoon.
@0xLoris Ahead of schedule
"By 2027, RWA perps will be the largest contract class on-chain (bigger than BTC and ETH combined)."
https://t.co/KVVBEsLBHx
@PuzzleMe01 When did I flex? Lmao I post mistakes and wins. The entire goal of this is to learn & improve. Thanks for the engagement kiddo try posting something of value
I made a full risk management PDF based on the $100k Breakout Challenge - how to maximize your chances of passing your prop firm accounts. You can find it for free in my discord as always.
Made specifically around the rules and account structure of the $100k Classic challenge from @breakoutprop
Official site: https://t.co/FdvqKRYMGv
Discount code: MARIN
For the first time in forever, I'm going to explain something on the DOM. I don't explain it much because I feel like the DOM is rather learnt than taught. Anyways, here's my lesson below.
1) Stalling / No Volume Traded at First Arrow at 290. Especially after some offers at 88–88.50.
2) Pure Chasing, NO BID. Which means when it came back down, the bid literally DISAPPEARED until 93.75, but most likely till 92.50 when we see the 78/75 volume executed on the BID. Decent sells after a spike up? You see how there is NO BID volume traded until 93.75, so it was only buying..., and when it stopped, it got slammed right back down with size at the 92s. This is pure momentum chasing.
3) Decent-sized sells right after it popped twice? It popped from 85 to 90, and from 90 to 96, and then these big sells right into the ask? Where’d the momentum go?? Mind you, it was stalling, so it was struggling to decide to begin with, and now that it has, it’s regretting it and slamming size right below the pop? Right under a big Psychological Level at 28,300? After it moved 1,100 points from the bottom? Hmm.. interesting!
Conclusion: We had a strong move up from 28,155 all the way to 290. With no pullback whatsoever, we would expect to encounter some resistance after a 100–150-point run, especially at a previous resistance zone.
It popped about 35 points from 250 to 285, and that’s when it was hit with the FIRST rejection of the entire run. So now I have EYES on it for possible momentum turning. It tries to pop from 285 to 288 and gets hit with a little on the bid. It stalls at 290 (#1), pops to 296 (#2), where only chasing happens, and when the chasing stops, the bid literally disappears and falls into big sells at 292. So we can *kind of* tell the run could be coming to an end, and it’s good odds to take the opposite side here and mean-revert it.