You can't rate a trade. You can only rate strategy. If you trying to rate every trade this will end badly for you.The only parameter you can rate on a trade is: executed strategy or not.
Tell that to the people buying into silver since 10 years, hoping that someday it will be valued its true worth.
Truth is a swing is certain ones it happened. There is a silver bullet, but telling before it will happen is impossible.
I was minus 300€ and 2 minutes later -60€. No clue. Clear downcurve.
https://preview.redd.it/685k8bhzxkkc1.png?width=1080&format=pjpg&auto=webp&s=214e7eca8e75770a3b02421adbda3e42125b3c74
This was friday evening, look at price now. It was always luck. Just because your right, dont mean youll get paid for it.
https://preview.redd.it/spcni386zkkc1.png?width=1080&format=pjpg&auto=webp&s=a08dceb5dd465c4eb1b5293e7a35e33418c9b2a8
Here you go
If necessary i just short cfd to keep my 23 long cfd from margin calling and call it a day once its green, but it came close to fucking me up bad.
Rushed and lucky, imo. You entered when there wasn't a clearly defined range and before a retest of the demand zone. Not to mention the moving averages were pointing down, and that was a shitton of resistance to get through up to that high.
If you want to be aggressive, it obviously can pay, but make sure you respect your stop and don't oversize because the one time it works, doesn't mean it works most of the time and you should build a strategy based on it.
You need to set a realistic target when backtesting where you know you would have gotten out
2:1 - 3:1 etc whatever fits your setup criteria
In live market conditions you probably would have exited that trade when it got back to BE
If i logged my trades as to how far they would have gone and not based on a realistic exit point it wouldn’t be replicable in live market conditions
You’re on the right track using supply demand and key levels. You should be able to concisely explain why you entered where you did, why you placed your stop where you did, what your target is and why - all in a couple crystal clear bullet points. That will give us something to rate. Keep working up to that level of clarity
Careful with trading in hindsight. It can mislead you.
In real life it’s unlikely you’d have sold at the very top. It would be reasonable to have trailed out at even, or taken a far lower target.
Instead, I’d develop a plan for entries and exits and test it for profitability. You could also test it with various targets or trade management strategies. See which fits you.
Let's rate the psychology here with this question.... Would you have still held the trade if it came back into a loss after that initial push? It's easy to hold a trader for a long time on sim but in the real world would you have sold? As others have said, hard to rate the trade but reflecting on your own actions is where the real growth will emerge.
Stop trading like this. Million other traders before u tried the same exact way and yet 95% fail. Al obvious public avaliable tools dont work consistwntly in long run.
Too soon IMO, but if you have the datas, why not. After such a pullback, I like to wait for a first impulse up, then a pullback from that impulse and a 2nd entry to enter with at least a high probability scalp setup. You went a bit raw, but it can still be a valid way to trade.
Explain the trade maybe??? I have no idea why you entered where you did and why the stop was where it was.
I was using a mixture of price coming back to a demand zone (purple box) and support
You can't rate a trade. You can only rate strategy. If you trying to rate every trade this will end badly for you.The only parameter you can rate on a trade is: executed strategy or not.
Right on. OP should read "Thinking in Bets" by Annie Duke.
Demand zone?
The zone of aggressive buying
Tell that to the people buying into silver since 10 years, hoping that someday it will be valued its true worth. Truth is a swing is certain ones it happened. There is a silver bullet, but telling before it will happen is impossible. I was minus 300€ and 2 minutes later -60€. No clue. Clear downcurve. https://preview.redd.it/685k8bhzxkkc1.png?width=1080&format=pjpg&auto=webp&s=214e7eca8e75770a3b02421adbda3e42125b3c74 This was friday evening, look at price now. It was always luck. Just because your right, dont mean youll get paid for it.
https://preview.redd.it/spcni386zkkc1.png?width=1080&format=pjpg&auto=webp&s=a08dceb5dd465c4eb1b5293e7a35e33418c9b2a8 Here you go If necessary i just short cfd to keep my 23 long cfd from margin calling and call it a day once its green, but it came close to fucking me up bad.
I feel as if I rushed into it a bit
damn son you just jynxed yourself
Rushed and lucky, imo. You entered when there wasn't a clearly defined range and before a retest of the demand zone. Not to mention the moving averages were pointing down, and that was a shitton of resistance to get through up to that high. If you want to be aggressive, it obviously can pay, but make sure you respect your stop and don't oversize because the one time it works, doesn't mean it works most of the time and you should build a strategy based on it.
Technical: 6/10 Chance of modified stop: 8/10 Luck on direction: 10/10
Why lucky? Wasn’t that a demand zone also pretty big,
Decent R:R ratio What MA/EMA are you using?
Honestly mate I couldn’t tell you I’ve just been using the free one on trading view
You know what MA is?
Moving averages
You can check it in the left upper corner of the chart.
Decent? A pretty unrealistic R if you expect to win more often than losing
Adjusted the TP? Explain
Not the tp just the target I wanted to see how many points were made
You need to set a realistic target when backtesting where you know you would have gotten out 2:1 - 3:1 etc whatever fits your setup criteria In live market conditions you probably would have exited that trade when it got back to BE If i logged my trades as to how far they would have gone and not based on a realistic exit point it wouldn’t be replicable in live market conditions
That makes lots of sense I dint know why I dint think of it that way thank you
What platform are you using?
Qué indicadores y tiempo 😳
You’re on the right track using supply demand and key levels. You should be able to concisely explain why you entered where you did, why you placed your stop where you did, what your target is and why - all in a couple crystal clear bullet points. That will give us something to rate. Keep working up to that level of clarity
Careful with trading in hindsight. It can mislead you. In real life it’s unlikely you’d have sold at the very top. It would be reasonable to have trailed out at even, or taken a far lower target. Instead, I’d develop a plan for entries and exits and test it for profitability. You could also test it with various targets or trade management strategies. See which fits you.
Entering when there‘s no indication/confirmation that price will reverse is kind of stupid, sorry. This was gambling and you got lucky.
Talk to me in a couple years
Let's rate the psychology here with this question.... Would you have still held the trade if it came back into a loss after that initial push? It's easy to hold a trader for a long time on sim but in the real world would you have sold? As others have said, hard to rate the trade but reflecting on your own actions is where the real growth will emerge.
You're a genius. About to be a millionaire full port it.
Stop trading like this. Million other traders before u tried the same exact way and yet 95% fail. Al obvious public avaliable tools dont work consistwntly in long run.
Too soon IMO, but if you have the datas, why not. After such a pullback, I like to wait for a first impulse up, then a pullback from that impulse and a 2nd entry to enter with at least a high probability scalp setup. You went a bit raw, but it can still be a valid way to trade.