Regardless of the what appeared to be a clean setup on $GOLD i chose to sit out any shorts today on it.
Reason being is we have had expansion lower each day this week and Fridays tend to create the opposite end of the weekly range.
This makes today low probability for shorts
Inventory Check:
I taught you:
1) How Price books.
2) Where Price will Draw to.
3) How setups form.
4) Exactly what hour they form & enter on.
5) How to think as Smart Money.
6) How to plan for growth.
7) Risk Management.
8) How to forge responsibility & self-control.
Now grow.
160 bucks per week profit doesn't feel sexy for months but when you build a long term relationship with the model... the golden years will thank you for your commitment.
Be safe.
"How do you know it will respect that FVG?"
"How do you know where to place a stop loss?"
"How do you get over the anxiety of holding the trades?"
"How do I pick my personal model?"
"How do I become consistently profitable?"
I always say "Back-Test & Journal" your observations.
You know what pisses me off ?
I did a big trade today my tp was at 12.000€ profit
but later on the day I saw a trader „who I would respect much“ because I watched him a few times in my early stages and yeah …. He went short, while I was in my long.
So I closed my long very early with 3k profits because I was unsure … then looked at the chart and start creating stopid „short“ setups in my mind , because the other trade was short too ..
Yeah I opened a big short and guess what! Now I losst 6.000$ and instead I would ve made my 12K , it literally went to my to.
So yeah. Moral of the story.
Just do you. If you fail fine you still learned, but never change your bias because of someone other even if you respect him, even if it’s me.
When you are short and I go long, you should stick to your short if that’s really your opinion, don’t let your self feel uncertain about your bias.
Mic dropped*
Dont EVER obsess over a single trade
There will ALWAYS be another setup. You're going to take THOUSANDS more in your career so whats the point in pulling your hair out over one?
Dont be afraid to pull the trigger. Dont hesitate when you see your model. Relax & let the probabilities do their thing :)
#TRADINGTIPS
@I_Am_The_ICT A lot of traders fail to acknowledge the fact that sitting out is also a valid position
We should only execute when our system TELLS us to & our willingness to risk is unwavering
Degen Account Update:
500$ start balance into $359,301.33 -+71,760.3%- (717.60x)
Huge back to back W's as the account crosses 350k+
BTC Long struck gold alongside a RAY long for a huge win. Will sit out the remainder of the day and recollect.
70 trades, all live.
#Bitcoin
Soon, very soon indeed... you will see the best Trader you know. You will see them in your risings and your going down at evening.
You are on your way... expect it.
#Mirror
Have you worked very hard for months studying?
Have you backtested & tape read and have seen consistency in demo?
Tell me why you are ready to receive a gifted Funded account that would allow you to take the next step for free...
How to trade on autopilot:
1. Choose 2-3 tickers + only learn how these names trade
2. Choose 2-3 indicators + master how these work on the chart
3. Stay patient + only execute when it follows the plan (no setup, no trade)
That’s how I started netting 4 to 5-figs regularly ⬇️
🚩Be extra careful in the next few days regarding altcoins. People calling out for altseason while #Bitcoin dominance broke out today above huge two year resistance once again.
Two weeks ago BTC D broke out but dumped afterwards below resistance, turned out to be a fakeout and helped altcoins to pump heavily. Weekly candle is closing strong and above resistance. This should be the first warn sign.
You know what happens when resistance is being tested from time to time. So what does it mean ?
If the dominance that rose today continues to pump, and BTC decides to dump. You can prepare for an altcoin season in other way, a massacre like rarely seen before. Such dumps will result in easy -20% for alts in one day, and this will continue as long dominance keeps rising and BTC dumping.
Best case scenario for the whole market would be that the dominance breakout turns out to be a fakeout, and Bitcoin pumps. That would take us to a new altcoin rallye.
Summary:
Dominance pump + BTC pump = Altcoin dump
Dominance pump + BTC dump = Altcoin massacre
Dominance dump + BTC pump = Altcoin rallye