October 07, 2024
PM Session Live Execution NQ Short as outlined in Livestream. I missed the Turtle Soup Short entry, but used my -Volume Imbalance as entry PD Array.
Music Credit: Plaza - Personal
*This content is not monetized.
High Probability Models [All Of Them]
Require:
1) Knowledge Of Market Conditions [Profiles]
2) Time & Price Theory
3) Narrative [The "Why" Price Should Move Where]
4) Market Structure
5) Real Order Flow
6) Sound Money Management
7) Excellent Entry & Exit Criteria
Period.
@I_Am_The_ICT You used the 1st FVG past opening with the confirmation of the breakaway gap to confirm your bias and you pyramid your entries after the BAG and then again when price retested thursday's 1st FVG low. And you targeted 1909 SSL i guess and toojk partials along the way i guess
This past weekend has been brutal for the markets
Times like these make me the most bullish on what we’re building: a true hub of financial freedom
and community.
Excited to start selecting new residents to join us on our journey❤️
The #1 concept that ALL traders must continuously work on.
I was inspired to write this based on my own experience with trading as well as talking to both new and old traders and helping each other get out of trading ruts.
Trading is one of those things that often you know what you should do, and yet you still do the opposite of. It is a constant battle to follow your own rules in order for your system to work. Things are amazing when you are following your rules, and usually ish is hitting the fan when you choose not to.
So what is the #1 concept ALL traders must be working on? Patience.
If you follow along on my journey, this is probably not surprising that I am writing this. I often say it and tell myself during my sessions, literally out loud, to be patient.
When I am being patient, I take setups that I know work. If I don’t see setups to take, I am still in the game because I have not taken stupid trades I shouldn’t have taken which result in me having to call it an early day.
This has been first hand experience for me recently. I have failed to be patient and instead, rushed trades and paid to learn I was rushing trades. Cost of business as Pax says.
So why is it so hard to be patient even when you know the outcome is better while you are being patient?
I think as traders we want to get in/get out, make a ton of money, and when markets are going crazy we want to be on the right sides of all the moves.
This all breeds fomo and no patience.
Today I literally forced myself to sit and watch for over an hour after the open. This is an exercise I do when I take a step back and realize that my poor trading is usually dictated by a lack of patience.
In doing this, I am able to see the market more objectively. I am able to action off of A+ setups instead of just trying to get in and out for the day.
I highly encourage you to force yourself to sit and watch.
Patience is like a muscle group. If you want to increase your muscles, you must practice and workout.
Patience is no different. You don’t just magically become patient. You must practice it intentionally.
If you are in a rut and have a strategy that you know works but are having a hard time executing, I want to encourage you to tell yourself out loud while at your desk to be patient. Do this several days in a row and see if it helps you.
I personally believe this is one of the biggest skills that separate long term success vs not.
If you are looking for some accountability in being patient, I livestream my morning trading sessions on youtube at my channel, Trades by Matt, for free at market open every day. Come hangout and be patient with us.
A new floor is open.
Interns can now directly access professionals across different sectors who will assist in their journey of becoming Elite.
Head to the elevator to access. 🔼
To be a millionaire,
You need to stay in the game.
You can't let stress, anger or anxiety take you out.
When I feel any of these emotions, here's what I do:
The Grid is becoming the hub of financial freedom.
Our Floor Operators now cover stocks, crypto, futures, memecoins, BTC eco, and more.
Grab an ID card from the front desk to get access.
24 hours⏰👇