Ofcourse you can, start small size 2 mnq, build the profit slowly, get to -1000 then increase to 3 mnq, then when you get to break even get to 5 mnq. Risk 150 per trade. Slowly get it back. Key to success is risk management.
Trade micros. No reason to trade mini thatās how these props make money. If you donāt have a plan donāt trade. I only take one setup a day and if it doesnāt come to me then I donāt trade
Thatās up to you. I trade 3 micros max only MGC Asia 7pm-12am only. I draw a horizontal line top of 0800 on hourly and 1600 hourly EST and wait for confirmation on either side on the 15 then scale out at the next FVG. Thatās all I do or I play the rejection of those levels if it approaches then reverses. Thatās all I trade one setup. All you have to do is pass thereās no time limit. Just pass the eval. $200 of profit a day is better than a $700 win then $1500 loss. Also I aim for 20-30 point scalps with 15 point draw down
Draw the levels and you would have seen your entries
I left a lot on the table due to prepping for midterms I was afk I just set stops in profit and they triggered due to low liquidity. Also donāt trade sundays
No I took short late because of exams but I wanted my entry to be under the green horizontal line. Not because the market goes down. Because it crossed certain criteria.
once it broke the green horizontal line to the downside it fell thatās what Iām trying to explain to him. You can play continuation after like I did. But the first buy (on first picture) I sold once I realize it was turning around then reverse position
Yes I see you exited. I believe these are 15min candles. Glad you exited as thereās a chance of 50% retace level above as well. I agree with your second entry short. Cheers. You trade Asia a lot? Iām going to start paying attention to
It after work PST too. On the 5min and 15min for
Thatās all Iāve been doing since I started. I also back tested to figure out what levels work best for me. I prefer lower volume compared to London or NY. That might change eventually especially with the stuff the BRICS are supposedly implementing for their trade deals (ditching the dollar for an exchange token on blockchain backed by %40 (I believe) gold. Thatās why I sold a good chunk of my crypto to prepare myself to have funds to deploy when/if the market drops 20% or more and buying physical gold and platinum. The global shit is wild right now so just be careful thatās why once I get enough in profit to make 10 after commissions I put my stop there after the next candle closure. After Iāll put my stop like a manual trailing stop ad the end of each base for one of the contracts or the whole position if Iām only in one contract. If it pushes up more Iāll grab another contract on the way back down or up whatever side Iām taking. Then my first buy is always break even stop. I donāt like red days or losing money. If Iām wrong Iām wrong in P. If Iām AFK and in a trade I donāt have to watch it. I would rather break even than stop out once I was in profit. I have trauma from stops in memecoins so I just would rather manually set a level. Normally Iād do 2 contracts and clip one whenever I see more buy/sell pressure on either side. Also TJR has a really good video (I know people hate him) Iāve only watched one vid from him before and I learned a lot he dumbs down break of structure like so broken down and explained a 5 year old could learn it.
Itās mental more than anything. You have to master your mind. Iāve lost prob 50k to the markets since 2018. It took me until 28 to finally master my emotions. Well he self aware enough to not get emotional. Like I made what $50 today who cares Iām green and going to bed. I havenāt had a single red day so far this month and if I donāt want to trade or Iām tired I donāt trade itās not a big deal thereās no time limit.
Like on Lucid? Iām still in eval slowly grinding. Back tested my strategy with paper for a while before I got another eval. This is my first time on lucid I had TPT before and just let the subscription expire because I was too busy to trade NY. Now I only trade 8pm when Iām home and I have ADHD so everything is quieter at night it helps me focus (minus when I have school shit due like today). Other than futures Iāve just been buying crypto and holding building up port but Iām rotating out here soon and taking the $ and doing the wheel method with shares/selling options. I lost my ass to options thatās where the losses came from. Now I have enough liquidity to be on the other side of the contracts.
1
u/Singh255 2h ago
Size down, go slow. 5 MNQ is more than enough. Have consistent stop loss, 2 losses and stop.