@DodgysDD Price swept Thursday 4pm SSL, price tapped into a 4hr bisi & brkr block, price inverted that sibi, plus the market is overall bullish so targeting ATH/ BSL might have made sense?
The mindset of a trader is what determines their success.
I used to have the mindset of searching for patterns and gambling on how they play out. That mindset works for a short while, but it never seemed to last long term.
That mindset is why most traders in the space use prop firms. It's because that mindset will only allow you to win temporarily. Those traders can't keep a live account alive long enough to develop a real trade record. That's why you only see random payouts and never long term trade history. And I'm not bashing them, I know there are plenty bringing in money that way, but realistically they could never actually manage a real fund long term if given the opportunity.
My success came when I switched my mindset to that of surviving drawdown rather than gambling on patterns. When you master drawdown survival, you can't lose. Your priority becomes surviving at all costs. You will no longer enter stupid random trades. Every single trade will become a calculated one, both in size and allocation.
Every market in the world has a time to buy and a time to sell. As long as you are within the window of the buy zone(or sell zone) and you've calculated all of your potential drawdown, you won't lose.
Identify the cycle. Enter positions suited to your account balance. Take profit frequently. Watch your money endlessly grow.
Simple.