@Oluwatoki01 Any tips ? Already failed the second attempt 😅 Not sure what in doing wrong I’m pretty sure I’m answering all questions rightly. What I’m I missing?
@Zahra_szn Sending you a dm right now, just failed the assessment twice. I have one more chance to take it not sure what I’m doing wrong for this project.
Lads there's a ton of value in knowing what your setup looks like when it gets rekt
If you're a momentum trader, prepare to buy the top/sell the bottom
If you're a trend trader, prepare to get chopped up and have a bunch of false starts
If you're a mean reversion trader, prepare to get hit by the steamroller as you're collecting pennies from time to time
And so on
This is the cost of doing business
The point isn't to entirely avoid these losers (you can't), but rather:
1. Ensure the winners more than pay for the losers over time by not overmanaging the trade and letting it play out
2. Size appropriately to ensure you don't get wiped out when you hit a losing streak
3. Gather useful information about market conditions based on how your setups are performing (e.g. if momentum setups were printing and suddenly start losing, could be a symptom of broader exhaustion in the market)
4. Study what happens after your losers to see if it's normal variance or if there's a potential reversal setup you can derive from them e.g. flipping long on specific failed breakdown trades
GM
@SpeculatorFL Impressive 🔥 do you ever have failed entries on fake CRT candles ? How do you know which 4hr Daily or weekly candle is the right CRT candle