@DionTrades_ You HAVE TO WAIT for that first payout. Don’t take it as soon as you are eligible. You won’t be left with enough drawdown. Psychology, or for the risk management you used to pass the eval. Make sure you leave enough in the account to breathe. I blew up two 50k’s because of this.
@ItsTraderLuke I lose about 43 trades out of 100. Win rate isn’t important to me anymore. When I lose, I lose small, and I am paying a premium for data. That’s all it is. If you need a high win rate to stroke your ego, then you will probably not make it very far in this business.
@jadecap_ It’s ego. My position is usually pretty thin by the time I get to my final TP, and I will either cut it early to avoid the final pullback or I will adjust my stop and leave a runner.
@SirPickle_ I’m the same. The most important part is understanding the draw on liquidity. The rest is helpful for tape reading when you’re in a position, understanding where price should and shouldn’t go and how it should react when reaching PD arrays, etc.
@joseftrades I traded. Made money long at open. Faded the close. There was no volume, so no follow through but I made a few bucks. I only have Fridays to trade New York AM session these days because I work full time so I have to take it when I can get it.
@RijhwaniSheetal Is it gambling when banks, hedge funds, and other financial institutions do it all day every day? Then everyone who has a 401k or an IRA is playing the lottery with their retirement. Roughly 60% of Americans. I’d rather be the one making informed decisions about my own future.
@DenizTheTrader 🤣My win rate is only 57%. Today it was 23% and I still made money. You just have to win more than you lose in this game. If losses hurt your ego, you might need to look into another profession.