Rick Novak

Trading Analysts Strategies | Prop Firm Trader | Mentor FX Market

[Rick Novak @RickNovack1]

@xMendus @supertrader_me If you’d like, you can also join using my referral link. You’ll get a 30% discount with it. If you want, I can send you the link.

[Rick Novak @RickNovack1]

@tradelockermain My watchlist levels. I like to journal before the market opens, mark my key levels, define my bias, and plan my setups. Then when the market opens, I simply wait for confirmation instead of forcing a trade. Plan first, execute later.

[Rick Novak @RickNovack1]

@Trillionarie369 Hopefully @the5erstrading will review the case fairly and come back with a positive resolution. Wishing you the best!

[Rick Novak @RickNovack1]

@propfirmbuy @the5erstrading Their current $100K 2 Step Summer plans start at $149 for the New version or $179 Classic. Both have a 10% max loss and 3% daily loss; the New version has a 10% + 5% target, while Classic has 8% + 5%.

[Rick Novak @RickNovack1]

@DayTradersDiary The stop loss placement looks logical, but explain what market structure would invalidate the setup below 4300.52.

[Rick Novak @RickNovack1]

@MR_EUR0 @the5erstrading , especially with their current Summer Plan on the $100K accounts. Those account sizes look really interesting, and I'd definitely recommend checking them out.
https://t.co/Vj0IqwgKBz P78UX6

[Rick Novak @RickNovack1]

@NickGTrades @the5erstrading
@FTMO_com
@FundedNext
That’s based more on overall experience, rules, and payout reputation than just account size.

[Rick Novak @RickNovack1]

@Allinbry If you remove all these, where’s the fun in trading? These things are basically part of the character development.

[Rick Novak @RickNovack1]

@CMobiks51247 @naira_trader Journaling every trade is a great way to keep yourself accountable. What journal are you planning to use for tracking the trades? Curious to see what works best for you with this account.

[Rick Novak @RickNovack1]

@Allinbry I usually journal my long-hold trades afterward. It helps me review the trade objectively instead of reacting to every move.

[Rick Novak @RickNovack1]

@rotrade93 @FTMO_com @FundedNext @AlphaCapitalUK @BemFunding @fundingpips I’d definitely consider adding @the5erstrading to the list. If you haven’t explored them yet, they’re worth looking into on the CFD side.

[Rick Novak @RickNovack1]

@PropTradeSavvy The 5% daily and 10% max drawdown definitely look attractive, but I’d be more interested in the less obvious rules around trade ideas and rewards. Those details can make a big difference once you’re actually funded.

[Rick Novak @RickNovack1]

@xbagtheory One thing I'd question is your TP placement. For short term trading, could keeping the TP this far be limiting your ability to secure partial profits? Also, why your journaling manually in Excel when broker integrated automation can track and execute trades more efficiently?

[Rick Novak @RickNovack1]

@umarpnj I think Order Flow can be useful on higher timeframes too, especially for confirming whether the larger market move has real participation behind it. I'd use the 4H for the broader bias and Order Flow to validate the strength of that move rather than relying on it alone.

[Rick Novak @RickNovack1]

What’s been working best for you guys this month?

[Rick Novak @RickNovack1]

August is almost wrapped up and I’m currently at +$3.3K.
64% wins across 12 trades, which I’ll take considering there were some rough ones in there too. At this point I’m not really chasing the target, just trying to trade the same way I have been.

[Rick Novak @RickNovack1]

@martinfxtrade It was learning the importance of journaling. I used to struggle with understanding why I entered or exited a trade and whether I followed my plan. Since I started journaling every trade through SuperTrader App, I’ve gained much more clarity and identified patterns I was missingm

[Rick Novak @RickNovack1]

@Trade_Cloud_Hub That’s exactly the part I’d want to know too. Which firms were they, and what reason did they give for the denial?

[Rick Novak @RickNovack1]

@AraRawr11 More than a diary. It’s where you track your trades, mistakes, and data to find what actually works.