(Cont.)
Because of this, I needed way too many winning days/streaks to catch a single payout. It was limiting my success.
I started diving deeper into my system, and...
4- Adjusted my sizing based on my WR.
With a 60-70% WR, I can afford to risk 1/5th of my XFAs as the probabilities of a 5 trade losing streak are low.
I used to be too conservative... risking 1/10th or even 1/20th of my XFAs and this was my biggest issue.
Beautiful short today.
$NQ retraced to the 50% of the overnight move and rejected from a 1hr FVG aligned with a supply zone.
Entry was a 5min CISD. 1.7RR
What are your thoughts on this trade? LMK below.
@_not_a_fish @JagAxel34 Hey @_not_a_fish I was watching this as well. I didn't enter and instead went short bc we were rejecting from a 1hr bearish gap aligned with an ob + the 50% retracement of the overnight move. Imo this long would've been valid if we didn't have all the other bearish confluences
@_not_a_fish If you're able to make your strat as mechanical as possible I feel like that would be helpful, at least until you feel more confident trading the live markets discretionally
@Wepth@MichaelPatak@projectxtrading FR!!!! The other day I had it set to $210, the trade went all the way to $340 and it never triggered. I reached out to support and they spent 5 days "investigating" the issue just to tell me that I never set it up (I did btw and I know it because I triple checked). Waste of time.
@ForexIke It's funny how people don't understand the numbers and why this type of RR and WR is so lucrative for prop firms... it's like they're trading without really understanding this is a numbers game. Good job @ForexIke ๐ช๐ผ