Strict Stop Loses Lose You Money...

Platform Used: NinjaTrader

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*DISCLAIMER* I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.

#DayTrading #scalping #scalpingstrategy

[DesMonDLee]

Thats why a good entry is really important

[minnoxdnb]

perfect SL to get eaten up by liquidity grabs.

[Oiuyfsetjbk]

No, I always wait for the double top to play out. If it goes above resistance it’s a long. So it’s better to be patient

[lThellRockl]

"Stop hunts isn't a joke. Millions of lives lost every year" - Dwight Shrute.

[tronbright]

Thank you because a lot of people do a lot of talking but don’t show examples as well as you do

[bellonamars]

Another way to approach the trade is to take the stop out when the trade goes against you. Then re-enter the trade once you see it pushing down past your original entry point.

[RJay]

No. Do not hold. JUST get back in later

[weitheceo]

Great teaching. I had 2 TSLA calls got stopped out with small loss, later one small win recovered the loss. But I got stopped out all the time. SPY Calls today also stopped out

[toddcournoyer]

My fav strategy....profit taking is the catalyst...the more the % up since the open, the more room for a pullback, down leg, dip, fade, etc etc lol

[barrychatman]

What your saying is heighten the stop lost set your profit and let the market do the work.

[soarq]

He enters on a lower high or higher low with a strong candle pattern from S/R. It's basically a failed attempt to make a new high or low. Some other good traders use the same pattern, it's called "Rubber man" by Navin Prithyani AFAIK. More conservative alternative is you wait for structure shift and enter on a pullback. Nothing else is needed really, no indicator overbought or divergence or whatever.

[MaxLofi]

Yes, something ppl will always learn the hard way. But very useful video

[zaven]

In reality price would spike the high, trigger your SL then dump leaving you with anger and rage. Liquidity is exactly there where he had his SL.

[ESDesh]

that's after cpi, that usually happens 15-30 mins after cpi

[RMBXNG]

I always keep tight stops, a good entry is the main thing to look for. You definitely could’ve entered earlier. If i have a bad entry and my SL gets hit i always look for a re-entry but NOT chasing the trade.

[cancanturco]

very true! and I keep moving my stop because of electricity and freeze issues!😢😮

[movahedsediqi]

this is 100% true, it happned to me a lot, tight sl make you lose the wining trade

[sho]

Thata exactly how I trade but instead of jumping all in I build the position 💪🏾💪🏾

[neualgo_systems]

We use the Qline+Moneyball Indicator Combo in our Firm... on all our Prop accounts

[AMCapital]

You should be getting out at that Green RRT, then re entering when they paint the double top. More times than not they will hit your stops before continuing, you can get out near break even risk free, then renter.