by eric-pal » Wed Dec 13, 2023 1:38 pm
Nice!
First, congratulations on passing funding accounts. They are the "real thing".
The benefit of some of the prop firms is that they instill aspects of money management with performance. This can be a game changer for those who want to succeed in the longer term with consistency.
And as you mentioned, it isn't about trying to trade everything. There are many different ways to trade. It is more about recognizing what one "knows", to take advantage of an edge. During the remaining period, one may be actively learning other nuances.
As an example, the day before yesterday, several bull bars had built up into a resistance zone, teasing others to purchase. The market then sold off quickly in a single bar, and turned around on the next bar to move many points higher. This washout is quite common in the ES.
Keep moving forward & good trades to you!
Nice!
First, congratulations on passing funding accounts. They are the "real thing".
The benefit of some of the prop firms is that they instill aspects of money management with performance. This can be a game changer for those who want to succeed in the longer term with consistency.
And as you mentioned, it isn't about trying to trade everything. There are many different ways to trade. It is more about recognizing what one "knows", to take advantage of an edge. During the remaining period, one may be actively learning other nuances.
As an example, the day before yesterday, several bull bars had built up into a resistance zone, teasing others to purchase. The market then sold off quickly in a single bar, and turned around on the next bar to move many points higher. This washout is quite common in the ES.
Keep moving forward & good trades to you!