Will be visiting Austin soon and would like to learn a few dances that might actually stand a good chance of being played. Which dances would you suggest?
The propfirm I trade with (rather not say the name) has had several outages. Is this something that is common with most prop firms. Not sure if I should be looking to switch.
To me the valuable education that Topstep provided is what made it unique. The move away from providing solid education to "Tradertainment" such as ridiculous reality shows is disturbing and does not portray Topstep as being genuinely interested in developing serious traders. Does anyone else find this shift disappointing?
Having a problem with drawing tools - specifically anchored VWAP. All of a sudden, I can no longer delete a previously drawn anchored vwap by clicking on it and choosing delete. Have no idea how to contact anyone from TradingView about this. I am using a paid platform.
This discouraging statistic is often repeated, but I've never heard exactly where this number comes from or more importantly, who is considered a trader in determining this statistic.
I have to assume that a huge number of people come into this out of sheer curiosity, open an account take a few trades in the limited time they have to devote to the charts and feel like it's more trouble than it's worth.
I would love to know how this number changes when only considering traders who have been at it at least 6 months, devoting a considerable amount of screentime and study into the process. Does data even exist for the success rate when filtering out for the people who just casually enter the space and give up soon after?
Yesterday I received an email from Topstep stating that due to recent volatility Topstep would be restrictioning opening new positions on equitities during the 10 minutes around the CPI release.
Will the TopstepX platform restrict traders from being able to enter trades during this time so that traders don't accidentally do so? If not, what happens if a trader forget about this new restriction and opens a position? Will their account be closed?
Has anyone tried stretch while wearing a sweatsuit/sauna suit? Does it help with getting a deeper stretch? Was thinking about buying one off Amazon.
Even though we are way beyond the daily ATR?
I was thinking about subscribing to TradeViz or Tradezella. Would like to hear from people who have used these as to whether it is worth the costs or if there are other platforms I should consider.
The reason I ask is because most of my winning trades initially go against me. Even trades with short target levels take much longer than I would like. But I tend to plan my entries in advance and locate my exact entry, TP and SL ahead of time and don't focus on waiting for momentum to enter.
I would love for my trades to move quickly in my direction but I would rather have precise entries than wait for a momentum trigger. Not sure if this is truly the best approach, but I'm curious as to what others think of this and if anyone else trades in a similar manner.
I know that it typically takes traders a few years to become consistently profitable, but I'm curious how much of that time is actually learning how to trade versus developing the right psychology.
Is it possible that after year a trader could have developed enough skill in identifying good setups to be profitable, but still need another few years to master the psychological side like overtrading, hesitation, revenge trading, breaking rules, etc?
For those who are consistent how long do you think it took before you got a good grasp of the mechanics vs mastering your emotions?
I know must of us are looking for quick exits, but does anyone just enter a position early in the day and let it ride till close?
I don't do this myself, but I've heard of other traders doing it and think it might be good for my mental capital.
I don't see how backtesting is reliable for anything other than very mechanical strategies.
I have a set of criteria that needs to be met before entries, but outside of my criteria - a lot of it has to do with the current "feel" of the market or other intangibles that can't be coded into a script.
How do other discretionary traders backtest? Or do most not bother with it?
Do you find their analysis valuable in your trading? Specifically when deciding whether to place an entry?
I love TopstepTV, but as an ES trader don't really benefit from a lot of the active trading banter since they are mostly discussing NQ. I've actually considered switching to NQ specifically for this reason, but don't want to do so if there is no real benefit.
Curious as if there are any consistently profitable traders who do not actively manage their trades and just set their SL/TP and walk away?
I'm not sure that I have the emotional stamina to just watch a trade turn against me while it's playing out. Thinking that it might be best to just let it go without watching.
It's strongly trending.
I'm thinking about giving it a shot. Any tips for trading it? Do the same overall strategies that work in the equities (ORB, FVG fills, etc) work in the same manner for cattle?