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I don't know about you guys, for me MY BIGGEST ENEMY is trading sideways movements. Recently, I can see a big improvement in my trading once I'm able to identify it and avoid getting killed on both sides.
Just curious to know what do you use to identify choppy conditions? For me, MAs glue together is a tell-tale sign. I also avoid trading at market open. I read somewhere before that some traders using ATR and volume to help them out. However, I'm not smart enough to figure out how to use these tools.
Can you help answer these questions from other members on NexusFi?
Day 12: winners = 1; losers = 0, PnL = $185; position size = 1
Comments: what a slow day for me while market kept chopping back and forth. In order to pass 75k combine, I still need to trade for 3 more days and make $700. All I need is to catch a day trading setup within next 3 days + few scalping trades to mark it as a trading day, I'm all set.
You're kidding me. I'm far from doing an excellent job. Your speed to pass this combine is like a lion pouncing on prey. Mine is like an old turtle taking hours to consume a piece of lettuce.
Ever hear of the tale of the turle and the hare? Or the expression haste makes waste? Patience is not just a virtue, its a necessity. Taking your time to develop and execute a system will make you a more profitable trader in the long run. I've failed many times and usully its because I am in a rush. Keep up the good work.
That's true, but you're doing a wonderful job now. What matters most is you've developed your trading edge to become a profitable trader.
Thank you for your nice words and indeed, I've learnt to be more patient by having a journal and fixed rules like E2T ones to bring me into good trading habits. However, I'm still far from doing an excellent job because I'm still a student taking notes everyday.
congratulations for the performance. You are really doing great. Today I unfortunately got the challenge wrong because I entered an order with 1 contract more by mistake. As soon as I noticed the error I closed in profit less than 5 seconds. 1 minute later I received the email that I had failed the challenge. I tried to speak to customer service to explain what happened and in the end despite everything they told me that they could not do anything about it. In this I think they are unprofessional.You can't miss a challenge for an order of an extra contract closed after 10 seconds.I tried to give them all the explanations but they didn't help
Imagine the level of anger you might have if you make such mistake with your funded account. IMO, feeling sorry for you is all they can do because according to them, rules are rules. They're not kind enough to forgive you once for this mistake, but I don't think they are unprofessional in this matter.
