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@Liathetrader Sounds like you should purchase a course in trading and risk management because if this was going the othere way you would be praising the president. Instead you are just blaming others on your losses.
11/26/2024 Tuesday Trade Plan
Support: “The Floor Is Lava” Edition
First stop: the 6002–5998 zone, a level so worn out it’s practically begging for a break. Below that, we’ve got the diva of the day, 5989, a major pivot that screams, “You shall not pass!” If it fails, we’re sliding down the market’s slippery slope to 5962, aka “Knife-Catcher Central.” Bring your gloves, and don’t forget your helmet.
And then there’s 5942, the last hope before the basement. This one’s been through enough tests to qualify for a Ph.D. but might still have one reaction left—if it’s feeling generous. Knife-catching here is for the brave, the bold, and the slightly unhinged.
Resistance: “Bulls’ Worst Nightmare”
Up top, 6027 and 6038 are the levels that refuse to quit. They’re like those final bosses in video games—you’ll break a sweat trying to push past them. But if the bulls keep up their momentum, we’re headed for 6060, 6075, and 6100—the ATH party zone. Bring your champagne.
For counter-trend shorts? LOL. If you’re feeling daring, 6027 might have a reaction or two left, but don’t bet your lunch money on it. Bulls are in control, and this resistance is like trying to stop a freight train with a paperclip.
Bull Case: “Pump It Up”
Bulls are riding high after breaking out of a two-week flag, and they’re not looking back. The key for Tuesday is holding 5988–93. From there, expect a ping-pong match between 5988 and 6027, with a few cheeky detours to 6038. If all goes well, the next breakout leg takes us to 6060+, where the bulls can flex their gains and start shopping for yachts.
But if 5988 cracks, the bulls might take a breather down at 5960—a quick regroup before charging back up.
Bear Case: “Hope and Pray”
Bears are standing on the sidelines, shouting, “Please, let 5988 fail!” If it does, we could flush to 5960s, but let’s be real—most breakdowns fail harder than a bad karaoke night. If you’re new, maybe just sit this one out unless you love the feeling of getting trapped. Pro tip: bears have a terrible track record here, so keep your expectations low.
Summary: The Market’s a Drama Queen
This week’s holiday chop zone is 5988–6027. Bulls are steering the ship, aiming for ATHs at 6060+, while the bears cling to the slim chance that 5988 collapses. For now, let the trend guide you—ride the waves, dodge the knives, and don’t forget to laugh at the chaos. Tuesday’s gonna be spicy!
CPI Day Trading Plan
Key Rules:
Size Down:
Trade smaller positions. CPI days are volatile and unpredictable, driven by algorithms, making large trades too risky.
Expect Traps:
The first move is often a trap. Wait for levels to flush and reclaim before entering any trades. Avoid chasing the first move; focus on failed breakdowns and traps.
Trade Level to Level:
Manage trades like an algorithm:Lock in 75% of profits at the first level.
Lock in more at the second level.
Leave a runner to ride.
Avoid over-trading and reacting to predictions—let the market show its direction.
Why are we even discussing this issue. As a former pro player, i know doping is not going to get you anywhere. Tennis edge is more than a juiced up body flowing with extra hormones. This is not the right sport to dope to get an edge. Also Andy you should just stick to commentary about tennis and stay away from politics and pushing lame woke agenda using your platform.
The Labyrinth of Trading:
1. Attraction to Trading: Beginners are drawn to trading by the promise of financial freedom and wealth.
2. Initial Reliance on Indicators: Novice traders often depend on indicators to guide their trading decisions, hoping to find a simple path to success.
3. Cycle of Frustration: The reliance on indicators frequently leads to disappointment as traders struggle to find consistent success, prompting a continuous search for new strategies.
4. Turning Point: A realization occurs that indicators alone cannot guarantee success, leading traders to explore price action trading, which focuses on analyzing raw price movements without the clutter of indicators.
5. Deeper Market Understanding: Through price action trading, traders gain a nuanced understanding of market dynamics, fostering a more informed and disciplined approach to trading.
6. Personal and Financial Growth: The journey from novice to proficient trader is depicted as one of significant personal and financial development, emphasizing the value of mastery over the allure of quick riches.
@Liathetrader nice shadows--eahh those dont look real, crooked lines, monster arm touching you as the AI generator sucks, no club in Miami has a building like that in the background, please block me as your content does suck
Sometimes scalps turn into swing trades, and sometimes swing trades turn into scalps, observe the market - be in sync with it don't fight it. The worst thing you can do to your account is to try to prove that your were right. No - "MARKET IS ALWAYS RIGHT"
Life gets harder right before your about to level up
This aint some motivational bs. This is the truth
I notice it in my life. When it seems like life is throwing a bunch of shit my way. When I persevere and break through. Some magical shit occurs
Keep pushin
If "Day Trading" was easy and indicators, patterns and strategies sold on internet would work, wouldn't you think you could just program a robot to run it for you and consistently print money?
The biggest mistake most traders make is being too greedy. When you're starting out, forget about getting rich quick and focus on not losing all your cash. You gotta figure out how to protect your money first, then you can start thinking about how to make more.
Lots of people think trading is like winning the lottery, but that's a recipe for disaster. You gotta have skills and a long-term plan if you wanna be successful. Otherwise, you'll just end up losing everything and hating life.
Some traders just keep taking risks and losing money until they give up. But a smart trader knows that it takes hard work and consistency to succeed. You can't expect to get rich overnight.
If you want to be a successful trader, you gotta be patient and stay focused. Consistent gains over time are way better than big wins followed by big losses. And when you keep making consistent gains, that's when the real magic happens. It's called the compound effect, and it's what separates the winners from the losers.
If you're looking to make it big in trading, you gotta be prepared to play the long game. Ain't nobody getting rich in just 30 days, it takes way longer, like 2 or 3 years. Don't set your expectations too high right off the bat or you'll just end up stressing yourself out and maybe even giving up before you've even started. You gotta make a plan, figure out a strategy, and trust the process if you wanna be a successful trader.
And let's talk about consistency for a sec. It doesn't matter how much you work if you're not showing up every single day. It's better to work a little bit every day than to go all-out for one day and then slack off for the rest of the week. You might not see the results right away, but if you keep at it, you'll start to see progress in a few months, or maybe even a year. And that progress will add up, trust me.
Last thing, make sure your goals are in line with what makes you happy. Don't think you gotta be the best trader in the world and make millions of dollars to be successful. Most people can't achieve that kind of success without making major sacrifices, and that might not be worth it for you. You can still be a successful trader even if you're just doing it part-time and making a couple thousand bucks a month. Don't chase after goals that don't matter to you, just do what makes you happy.
THE “RIGHT” SIDE OF THE V: such a powerful concept that many traders don’t conceptually understand. Just bc prices are same, doesn’t mean the e(v) in each moment is the same. Same prices on same chart can have DRASTICALLY DIFFERENT E(V)! (1/4)