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Welcome to Software Sunday, the day of the week where we invite creators to post the software and tools they’ve built for day traders. Whether it’s a custom indicator, charting plugin, trade tracking app, or data analysis tool – this is your chance to put it in front of the community. 💻📊 Rules: You must use the "Software Sunday" flair on your post. Provide a detailed description of your product/service/software, including what it does, how it works, and how it benefits the day trading community. A quick link with “check it out” isn’t enough. Pictures are welcome – but no spam dumps! Engage with the community – You must respond to member questions in the comments. Limit your promotions – You can’t showcase the same product more than twice a year. Tips for Posting: Tell us what makes your software stand out from the competition. Share any unique features, integrations, or use cases that day traders will appreciate. Include examples or screenshots showing it in action. Let’s make this a valuable resource for discovering tools that genuinely help traders level up their game. 🚀 📌 See past Software Sunday posts here. Also, if you’re new to the sub – don’t forget to: Read our Getting Started Guide Check out our Book Recommendations Join our free community Discord submitted by /u/AutoModerator [link] [comments]

submitted by /u/Alert_Leading_7002 [link] [comments]

Over the last few months I tested dozens of Opening Range Breakout variations on the Nasdaq 100. Like many traders, I experimented with Fair Value Gaps, volume filters, Asian session filters, bounce setups, double-bounce setups, and several other commonly discussed ORB concepts. Surprisingly, the more complexity I added, the worse the results became. The strategy that performed best was also my simplest one so far. In general, I prefer strategies with a high number of trades and relatively low drawdowns. This allows me to trade them live using dynamic position sizing, hihger risk, and, ideally, benefit from the compounding effect over time. Backtest Summary Period: Jan 2020 – Jun 2026 Market: Nasdaq 100 (USATec CFD) Initial Capital: $10,000 Fixed Lot Size Dynamic Lotsize (3%) Net Profit: $18,191Profit Factor: 1.45Sharpe Ratio: 4.27Trades: 1,147Win Rate: 55.62%Max DD: 5.93% Net Profit: $595,448Profit Factor: 1.53Sharpe Ratio: 4.06Trades: 982Win Rate: 55.91%Max DD: 17.19% The screenshots show two versions of the strategy, along with several statistical summaries based on the underlying base strategy: • Dynamic position sizing with 3% risk per trade • The underlying base strategy using a fixed position size • Additional performance and statistical analyses of the base strategy Market & Data I tested the strategy primarily on the Nasdaq 100 (via ActivTrades CFD data) and cross-checked the results against QQQ ETF data. The strategy is implemented in MetaTrader 5 and can also be executed through the Interactive Brokers API. However, all statistics shown here are based on MetaTrader backtests. The main test period covers 2020 to today, with additional out-of-sample testing performed on historical data between 2010 and 2020. The strategy also showed promising results on other indices such as the S&P 500, Russell 2000, and GER40, although the Nasdaq 100 remains the strongest performer. Core Setup Classic New York session ORB strategy M15 timeframe CFD account Fixed Risk/Reward Take Profit Break-even stop Volatility filter What I Learned 1. My ORB works best on markets with strong directional momentum. No surprise here: the Nasdaq 100 performed best, followed by other equity indices such as the S&P 500, Russell 2000, and GER40. 2. M15 consistently outperformed M5 and M1 in my tests. Many social media traders focus on M5 ORB setups, but my testing showed better overall performance on M15. Also waiting for the M15 range to form and then entering on M5 or M1 generally reduced performance in my backtests. Therefore, I decided to base both the opening range and trade execution entirely on M15 candles. 3. Higher win rates often came at the expense of overall performance. The more I optimized for win rate, the lower the long-term return became. It is certainly possible to build ORB systems with win rates above 70% and relatively low drawdowns, but usually at the cost of lower overall returns. 4. Market conditions changed after 2020. While the strategy remains profitable before 2020, performance is noticeably stronger during the post-COVID market environment, which appears to have more momentum-driven behavior. 5. Simplicity beats complexity. Many of the popular ORB variations I tested added complexity but did not improve results. In most cases they reduced robustness. 6. Volatility filtering made a significant difference. Among all the additional filters I've tested so far, the volatility filter produced the most consistent improvement. I still have several volume-based concepts on my list that I want to investigate further. Interesting Observations Some seasonal patterns that remained consistent throughout my testing Thursday was consistently the weakest day for breakout continuation. Friday produced the strongest short breakout performance. March showed the strongest long breakout performance. September showed the strongest short breakout performance. Current Status The strategy has been running successfully on a demo account for several weeks, and the forward-test results are currently very close to the backtest results over the same period. Because of that, I'm considering going live with real capital. Even though my strategy is currently experiencing a slight drawdown. What do you think? For those of you trading ORB systems: How long have you been trading them? What markets do you trade with your ORB? What kind of results are you seeing? submitted by /u/TensorTrader [link] [comments]

I’m not going to give a detailed run down of the movie as I’m sure most of you already know it, in short- bank heist movie. Main character Neil McCauley, lead bank heist man. He’s extremely calculated, extremely disciplined, not greedy, dressed and carries himself like a legit, low key business man, brings no attention to himself. There is one scene where they are doing a small heist of jewelry, Val Kilmer’s character (he’s the one that breaks into the safe, gets past locks etc) is drilling through a safe while Neil is on the lookout for law enforcement. Well Al Pacino (lead detective trying to bust Neil and his crew) are in a storage bin feet away from the heist doing a stakeout, as Val Kilmer is super close to breaking the safe and getting the goods (aka, so close to his trading profit for us traders) the scene goes back to Neil, on the lookout. One of the cops in the storage bin, just ever so lightly rests his back against the metal wall and it’s makes the slightest sound, Neil hears it…. It was such a TINY sound but he hears it. Neil, immediately uses his instinct, goes to Val who is still drilling the safe and tells him they have to Bail! (Our version of being disciplined and using our stop loss.). Val then says “I’m so close, now?!?” (Our version of, “I know I’m down on this trade but I’m so close, I can feel it.). But Neil, being the disciplined trader (bank heist guy) that he is, says “YES, move, now!” He doesn’t move his stop loss, he doesn’t compromise, ANY hint of danger, he’s gone. Later in the movie, Neil and his crew decide to get greedy, they break their own rules and decide to go full cowboy and do another bank heist, they ditch the calculated, methodical strategy and go for a guns blazing, all or nothing, ski masks on type of heist and go for “the big score” in one fell swoop like a bunch of amateur bank robbers. (Sound familiar?, aka, when we break our rules and do YOLO trades trying to strike gold at once). Well if any of you saw the movie, you know how that goes. It gets messy and messy fast, Al Pacino and his crew are locked in, they get to the scene, and it culminates in Neil and his crew getting shot all to pieces, injuries, a total blood bath, pure chaos and also the best bank heist, shoot out scene in cinematic history. Much like how it goes when we break our own trading rules, decide to go “all in” and “strike it big” 9 times out of 10 it ends in the same kind of bloodbath reflected in our PNL. And finally, the “final demise.” Neil survives the shootout, he got the girl, he got the money, he is literally free and clear with his girl in the passenger seat on their way to Mexico, he won.. Except he didn’t, as they are driving to Mexico, Neil gets this thought, he wants to squash this beef with Waynegro (an old adversary). in other words, a revenge trade. He wants to go back and kill him, get his revenge despite having won, so he does just that. He turns the car around, tells his girl “I forgot somethin, don’t worry, it won’t be long.” Only it doesn’t work out that way, by the time he gets to the hotel and kills Waynegro, Al Pacino and his squad are there, Neil sees them and starts running, and running, Pacino sees him, goes after him, they have a intense shootout at an airport, then finally a bullet lands, it hits Neil, he dies.. That one revenge trade cost him everything. TLDR; think of trading as a bank robber. Which bank robbers do you think have more success over time? The ones that only want small amounts over a long period of time, they look for weakness in the bank’s security, they then exploit that weakness for small gains over and over again, slowly and steadily. OR the cowboys, the ones that go in guns blazing, yelling, being forceful, triggering alarms and going for that “big score”. Something to think about submitted by /u/Soggy_Builder_84 [link] [comments]

I’ve been doing alright so far. I think my system is solidifying and I am improving. I know my biggest bad habit is holding onto losers when long, because i rationalize that I also don’t mind changing my mentality to “short term investment” and I get caught in low time frames when I do best in large ones. Anyway, I choose ETFs to trade. - not including my worst day and best day (bell curve outlier removal): daily % wise I am outperforming the dji, S&P500, ALMOST the nasdaq 100 day over day no matter what day I look at. - including my worst days and best days I am outperforming the DJI and ALMOST the s&p. Not sure what to include if anything else. submitted by /u/just_some_guy034 [link] [comments]

A long time ago in the late 70' s early 80's ,working summer time on wall street, or visiting my mother at her push paper job, I was always invited to sit around with other people, they were way up the social and economic rank than I ever thought I could be. But because I was a math and computer nerd, they always were asking me questions. and would take me to lunch or let me sit in on the " power meetings". One of the lessons I was taught, which I think might be appropriate today, is a saying I heard a man say multiple times. The irrationality of the market will always be exuberant to the end and will carry on more than ever expected. ( you can google irrational exuberance ). I asked many time what this meant. and the general meaning to people that were investing money was: the trend is your friend until it is not. when you can be the first, unload a little, if it keeps moving up, scale the sale into the buying. you don't go broke taking a profit, just taxes. if you don't understand why, scale back, that's your inner person talking. Don't laugh at another person having a bad trading day, they might be on the opposite side of a trade and find a way to fuck you over. There was nothing sweeter than making a market for 100 shares and then jacking up the price on the other 900 shares ( 1/8 per 100 ) on the person that fucked you. if you dream of a stock falling, that's your night time brain telling you to sell. Most of those words are word for word on what they told me. A lot of it made me understand about mental health and trading, I am no where near as ruthless as a lot of traders are. Now understand these were older people and they were on trading desk shouting and laughing and doing there best. I recall a whole bunch of men running to their Quotron's in summer of 1982, or looking at the electronic board, one of the men grabbed me and said to my mom " he's going to witness something that will be a record", the market broke 100 million and everyone cheered. You all have the chance to take more profits, there is no gatekeepers anymore, only older people like myself, there is nothing new under the sun, it's just wrapped up differently. Good luck submitted by /u/guiltypleasure33139 [link] [comments]

So I’ve been day trading for 3 years straight & lost 11k in those 3 years. I know 11k in 3 years is not that much money but in those 3 years I was unemployed for the majority of it & made very lil money for the year. Now I just recently have been able to get two jobs for the first time in 3 years. However my day trading journey has been brutal, even though I had lil good stretches of turning a 100 dollar account into $1100 in a month & turning $250 into $1800 in two months, but overtime it always resulted in the same thing giving back the profits & then losing even more money. I grow up playing basketball & Even played in college so my mentality is quitting isn’t option & I usually have a good mindset when it comes to battling through adversity but something about this gives me a gut feeling that there may not be light at the end of the this tunnel, & this maybe start to a staircase down to hell as display in my portfolio. So that’s why I am strongly considering quitting day trading & just working my two full time jobs, I’m open to investing long term but that may be it for me. Any thoughts about what I said feel free to share. submitted by /u/Purple-Elephant6730 [link] [comments]

For those who have been day trading for over a year, what are your actual gains or losses? Curious about the real results people have experienced, feel free to share numbers with or without context. submitted by /u/_hvc [link] [comments]

Today I'd like to share my views on the topic of making a living as a trader. Leaving strategies, possibilities, performances and everything aside, this is purely about the math behind the question: Am I able to make a living with trading under certain conditions and what do I need to achieve this. All I want is to provide another view that may not be covered very often on social media and align expectations of beginners. And of course I'd like to get your view on that topic as well. Which R:R, WinRates and expectency values are realistic or is it all shenanigans? Let's start with the main question, what do you need to make a living per month? $1,000, $2,000, $5,000, $10.000? Think about everything, Rent, Electricity, Food, Subscriptions, Car/mobility, Health insurance, pension funds etc. etc. What taxes do you pay on your income from trading? You must add that to that number. I make a simple example for my situation here in Germany, we pay a flat fee of 26,375%. But for simplification let's say it's 25%. If I want to earn 3,000€ a month then I need to make 4,000€ every month with trading. Metric Calculation There is a simple formular to calculate your Expectancy value per trade, which tells you how much % you make per trade depending on your Risk value: R:R × WinRate − (1 − WinRate) But for me this is very short sighted and a binary view on things. Reality is different, depending on your trading style. Sometimes you make break even trades, sometimes you take partial gain, sometimes you close early. Hence I rather like to combine these things, but that is not a simple formular anymore. But you can take an expected WinRate, BreakEven rate and rates for partial takes. So you calculate the percentage of partial takes from WinRate and then define how much that is from full R:R. Your LossRate is 1 - WinRate - BreakEvenRate. Now for example if I take my expected WinRate of 35% with an R:R of 3 I get an expectancy value of 40% and this is very good. But when I account for BreakEven and partial gains like above then I quickly drop that number down to only 13,7%. This is even though my LossRate shrinks from 65% to 52%. The point I want to make is that even small shifts in WinRate make quite dramatic changes in Expectancy. Even with the simple formular above, if I reduce my WinRate by 5% down to 30%, I gian literally just half the money in total. When we come to calculating possible return per month this effectively means that I either need twice the risk (aka money) or twice the number of trades to make up for that. Journaling This shows the importance of Journaling your trades and collecting data! You don't need to guess numbers if you got a solid and consistent record. Monthly Return Trading is not linear, sure. But it is all we got to work with. If you got your Expectancy Value then you can now take your expected number of trades per day (or week) and multiply both with R:R: Trades x R:R x ExpectancyValue = Profit per Day Take this x 20 and you roughtly get number of trades per month. This already takes into account holidays and days off. But you might even want to work with an even lower value to account for more downtime. 15 should be a very safe bet. Ok, remember I need to make 4.000€ per month and let's assume that I can only risk 50€ per trade, my account is not big enough now. Let's see what my Reward/Trade is and how many trades I need to make for each expectancy value 35% - R:T: 17,50€ - Trades: 11,43 13,7% - R:T: 6,85€ - Trades: 29,20 Well, that is a day job. But I trade more on the 4h chart. So my strategy is 2 trades a day max, what must my risk be then? 35% - Risk per Trade: 285€ 13,7% - Risk per Trade: 730€ Max Drawdown (Edit) So we just increase position size right? No. If you can't take 15 or 20 loosing trades in a short period, then your R is too high! No matter if you trade your own money or a prop trading account, I would suggest to multiply R by 15 or 20 and see if this suits the max drawdown that your challange metrics or youself allow you to risk. For a 10% max drawdown rate this sums up to 0,5% to 0,75% risk of the portfolio, which is what is widely suggested anyways to keep it below or around 1% on average. Above that, you bust your account with less than 10 trades in a row, this not unlikely at all. Personal Note These are not exactly my personal numbers but the scale is. I am working towards becoming a fulltime trader even though these numbers do not add up currently, I am aware of this. My plan is to begin with risk of 5€, then go up to 10€ mid June and then add 10€ every month. Goal is to deal with higher risk values and trade profits because I chicken out all the time. Currently profit is not what I want, but I want to win Rs and bring these metrics up. So even my average 3€ trade is like the 250€ risk that I need to achieve one day to make things work at least partially. If I follow my personal list that I made based on the logic above, I am reaching 3k net income per month in December 2027. I'll tell you then if I made it. submitted by /u/McDev02 [link] [comments]

I thought SpaceX was going to blow past $200. But it didn't thus far. So, we may have to give it some few days. However, I don't know it it would blow past that price level. Or do you think it would by next week? https://preview.redd.it/lmkhtozx2z6h1.jpg?width=1440&format=pjpg&auto=webp&s=ad431ad22f45c741bf3b157e05e23f71b7ef712c submitted by /u/69-Kishaaq1 [link] [comments]

I have made up my mind to start day trading. In order for me to succeed, provide me with some advice and strategies than can make me a successful day trader. Thanks. submitted by /u/Consistent-Panda-505 [link] [comments]

Hey traders, im curently working on a system that operates mostly on the 30 second timeframe and sometimes on the 1 minute. Now to my question, how do you guys size correctly? I’m trading NQ/MNQ and the stoploss never exceed 40 points, i usually risk 1 Mini/10 Micros. Ofc if the stoploss is 20 points i just double in size but since it’s on such a low timeframe i sometimes struggle to size for example 32 points. I could calculate it, but by the time im done, the candle already printed and my entry is gone. Any way to improve this? submitted by /u/Hot-Astronomer-6941 [link] [comments]

I’ve been developing and backtesting a mechanical Nasdaq (NQ1!) breakout strategy around NY Open (9:30 ET) and major news releases (CPI/NFP). The strategy performs best during high-volatility expansion phases, but noticeably worse during choppy, rotational markets where price often reverses before reaching the full target. I’m trading on the 1 minute timeframe. My question is: How do you identify the transition from a trending/high-volatility environment into a choppy environment, and vice versa? How do you know that price action will be like October to December 2025 on NQ (super slow and choppy)? I’m not looking for a specific indicator, but rather what experienced traders watch for, such as: Changes in ATR or realized volatility? VIX behavior? Opening range characteristics? Market internals? Volume profile? Trend structure on higher timeframes? Anything else? What are the earliest signs that: A volatility expansion phase is ending and chop is beginning? A choppy phase is ending and volatility/trend is returning? I’d be interested in both discretionary observations and objective/mechanical methods. Thanks. Edit: Asking because in my backtesting, I noticed I should take more partial profits and go breakeven during slower market periods but shouldn’t if the markets have good price action. submitted by /u/Adorable_Act_1632 [link] [comments]

Profitable traders only What’s up everyone, I have been trading for about 4 years now and I do very well in terms of analysis. I would say I’m on the right side of the market 80-90% of the time. But the problem is my psychology, I struggle to take losses well and end up tilting. For those who didn’t come from money or endured high stress life circumstances I’d like to hear more about how you overcame yourself and just what was the moment that everything clicked. I am fully aware of what I’m doing and yet I just cannot make sense of it, in terms of accountability how do I protect myself…from myself? Idk I just am really looking to make this year the one that counts. My analytics are the best they’ve ever been but I just can’t seem to jump this hurdle. submitted by /u/chinky-brown [link] [comments]

Do you guys put an alert? Over where you’d think a valid stup will form ? So you can trade easily 1 or 2 setups a day ? Example taking out Asia highs or London lows ? Thank you 🙏 submitted by /u/Trade-maxing [link] [comments]

So all these wanna be trading influencers now suddenly start making content about GEX. Like its some holy grail. Where to learn gex ? Join their mentorship 🤣🤣🤣 First these high schoolers start glazing ICT then orderflow and now GEX. Its kinda annoying thay every 18 year old making reels bout this and selling private discord/mentorship Its all a scam guys, the sooner you realise the better. Of course GEX is a step in the right direction if your coming from ict smc but stop glazing it like its the only thing in the trading space. There is soooo much more to the market than trading than just looking at absoption/exhaustion at gex levels. If this is your system then your not far from getting cooked. Honestly these GEX influencers and same as ICT influencers. Both the categories are "trust me bro" traders. Its just that gex goys will throw in a few extra complicated terms to sound legit and to better sell their mentorship. Dont fall for these social media influencers promoting gamma and gex platforms. They only show their wins their never show their losses. Also also I came across this guy Andrea Cimi who is promoting depechart and now gex levels like crazy. He honestly is one of the biggest plagues to the industry. Bro can't trade at all. He just milks fabio for content. Super annoying. Kinda hate that guy. This community has a lot of experienced and legit traders. Would love to hear your opinion and thoughts about this entire GEX/orderflow plague that is trapping young minds. submitted by /u/Puzzleheaded-Bat3774 [link] [comments]

I trade futures. For months, I’ve been tracking my data by importing fills into Excel, but it kept breaking, and honestly, most web journals out there look like they were built in 2010 or are packed with retail garbage. So over the last few months, I coded my own web app. I wanted something dark, minimalist, and fast. Right now, it automatically syncs raw logs, calculates net P&L, profit factor, and expectancy without any manual input. I also added a daily prep section to force myself to lock in my rules before the opening bell, and some basic radar charts to see where I’m leaking money. The app is fully functional, but I need to test how the import logic handles different execution files and sizes. I’m looking for around 50 guys who trade futures to breaktest it. It’s completely free, I don't want your money. I just want brutal, honest feedback. Drop a comment if you want to test it and I'll send over an invite. submitted by /u/kondrix10 [link] [comments]

Yesterday, I entered a trade using CPro with CMEG. My hotkeys had worked many times before, but when I was up about $100, I clicked my hotkey to sell my full position with a market order and received an order rejection. I then tried my hotkey to sell half my position at bid minus $0.05 and received another rejection. ​ At one point, I was up around $150. I called CMEG and was on hold for about three minutes before they got me out of the position. Fortunately, I still finished the trade up about $95. The stock later dropped from around $8 or $9 to about $4. ​ CMEG said they could not see any rejected orders on their end. I also checked my order history and found no record of the rejections. However, I definitely saw rejection messages pop up and disappear too quickly to screenshot. ​ After that, CPro started crashing. I logged back in and experienced the same issues. CMEG mentioned that other users were having problems as well. I'm not sure if the issue has been resolved. ​ At this point, I can test CPro over the next couple of weeks using one share to verify everything is working properly. I would like to switch to DAS, but at $124 per month, it is difficult to justify with a $335 account. Another option is moving back to Thinkorswim. Any suggestions? submitted by /u/Scriptgal4u [link] [comments]

I've been trading for two years, and I know all those old ICT nonsense, those scam strategy videos on YouTube. I've long since passed those stages. I'm currently trying to learn Python and test OHLC data from Metatrader 5 by writing a grid search code. I've already extracted the data; I used Codex GPT to generate an MQL code for data extraction, and it did. With that code, I extracted the OHLC data from the FundedNext servers where my prop firm challenge account is currently located. But my current problem is that I don't have good coding skills, and no AI can write such complex and professional code without errors, so I'm stuck. Right now, Codex's quotas are very limited, and since there's no other AI that writes good code, I'm just stuck. submitted by /u/Batuhann0 [link] [comments]

I am coming up to 8 years of trading now, of wich 1 year profitable. i only started to become profitable after giving up and then i came back with one idea that turned out to be the clue for me to become profitable. My route to profit: 1) try everything, because you don't know what fits you. crypto, stocks, forex... daytrader/swing or investor 2) give up. no one can be a real trader without quitting at least once. 3) come back and make it 4) dont give up Now i have created my own strategy with my own indicator and it works. i have followed courses, gurus and whomever. you just have to experience it all to find your route, asset and strategy that fit together. Now i only trade eurusd and my strategy and it works. What is your experience? do you agree this is why becoming profitable takes so long? because you have to find your own way and try everything. submitted by /u/Par__23 [link] [comments]

For people familiar with both, what can I expect to pay for the following 3,000 monthly trades Straight stocks - long and short $10k average buy/sell amount I have been using TOS for the first few months of trading due to their no commission and intuitive interface but I still pay some fees - around 20 cents per round trip. I have found order fills to be slow. submitted by /u/joopnf [link] [comments]

Is it typically allowed to place a buy low and sell high order on the same assets on an exchange? Had just a discussion with someone that it might not be allowed according to some laws, one project I’m into is having a 15% spread between buying and selling I thought I could help out and profit by trading this spread and marginalise it. But then I heard someone saying it’s not legal? It seems odd as it’s not malicious intent? Kind regards. submitted by /u/OrderExpress1035 [link] [comments]

Yesterday I was watching PG for a possible long setup. On the 1H chart, PG had formed a two-day range near the highs, roughly between 148.00–148.20 on the bottom and 150.00–150.20 on the top. The POC was around 149. The idea was simple: if price tested the bottom of the range and showed real buying pressure, there was enough room back toward the top of the range for a valid trade. I dropped to the 15M chart and saw price forming a pin bar near the bottom of the range. The location was good. The candle shape was good. The potential reward/risk was also acceptable, around 1.7R. But the volume was not good enough. My rule for this setup is that the signal candle needs to show clear confirmation. It should either be stronger than the previous several candles or at least show enough volume compared to the prior selling candle. In this case, the 15M pin bar showed a possible reaction, but not enough volume confirmation for me to enter. So I waited. On the 5M chart, I wanted to see a High 2 confirmation. Eventually, PG did give a strong 5M High 2 with a large bullish candle and better volume. But by that time, price had already moved away from the ideal entry area. I did not want to chase it. My plan then became: wait for a pullback to the moving average and see if buyers defend it again. That pullback never came before my trading window ended. So I skipped the trade. The lesson for me: A setup can be close, but still not complete. Good location is not enough. Good candle shape is not enough. If volume does not confirm, I have to wait. If confirmation comes too high, I cannot chase. If time is running out, I have to let it go. PG worked without me, and that is fine. My job is not to catch every move. My job is to follow my process. No trade. No regret. Not financial advice. Just my trading journal. submitted by /u/Icy-Inevitable-3086 [link] [comments]

I began with 15$ about a month ago. I had traded Demo for a few months. Through careful risk management I reached around 250$. I was trading mostly ETH/USD. Today for the first time I tried BTC/USD. It provides larger shifts. Larger risks but also bigger rewards. I placed a 3:1 trade. It was a Bearish market but it was approaching a Support. ( Or so I thought) Here is where I messed up. I used my ETH/USD checklist for BTC. And I was sure I had my swing.My trades usually take 1-2 hrs to hit. The market blew through my SL within around 40 mins. I had been on an ETH losing streak of around 4-5 trades in a row Chased a big swing back via BTC. My account is back to 1.20$ only right now. I had never planned to invest again into my Trading account anyway so I now have to basically scalp Cents to rebuild it. Learnt my lesson, stick to patience & my niche. But I am taking a week long break from trading as well to analyse my strategies more submitted by /u/Double-Emergency3173 [link] [comments]