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+$3,221 - longed CPI after last nights payout |🔴 Live NQ Futures Trading | Order Flow & Prop Firms — Transcript

by Christopher Creamer | Orderflow Trader · 6,488 words · 1,036 segments · language en · Watch on YouTube

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0:37All right.
1:41All right. So, we're back for another
1:43day here. I pulled a payout yesterday
1:47for $2,200 from this account.
1:51And then
1:54we went long two minis during CPI.
2:00So, we're back to like a $5,700 balance
2:13and we're going to be watching
2:16what NQ wants to do.
2:20Yesterday we had a pretty large move to
2:23the upside.
2:31I did want to see um
2:34price dig a little deeper during the
2:37overnight session into the move
2:39yesterday.
2:41Uh but it really didn't.
2:45[clears throat] What made me go long on
2:47CPI?
2:50Uh, well, basically I just took the
2:54third payout
2:56last night for this account.
3:00So, that was like the third cycle. I've
3:03had this I've had this funded account
3:04now for probably
3:07I don't know like over a month. And um
3:14I went I went long on CPI honestly
3:17because a buddy of mine just told me to
3:19go long and I thought why not. So
3:24I entered in on like a minute before 30
3:28seconds before probably around right
3:30here
3:32and I went two minis. I was basically
3:35risking this this entire account. Uh,
3:39realistically, I had like a
3:44190 tick stop loss,
3:47so I was going to lose like $1,900 and
3:50then I was targeting these highs. Um,
3:52but I ended up actually scaling out one
3:54mini right around the middle of this and
3:57then the last mini up here. So, I ended
4:00up taking like $3,600 from it, but
4:06basically made the uh payout that I took
4:09last night back. Basically made it back
4:12plus like another
4:15$1,400.
4:18So,
4:20I usually don't trade news,
4:25but since we took a payout on it
4:28last night, why not, right?
4:32Worst case scenario is we blow the
4:34account. But
4:37>> it's just it's just a funded account.
4:42But but we're up we're up for the month
4:44with Topep. So I don't really have to
4:47worry about like
4:50there's no way this month I'm going to
4:51end net negative. I'm net positive with
4:54Topep like a few thousand dollars this
4:56month. So
4:59if I blow a funded account, I need to
5:01just like fullport more eval. It's fine.
5:05So today, what I'm watching for is I
5:09would like to see us go higher. Although
5:15I want to see us basically start getting
5:17out of this weekly range that we're in.
5:19The only thing that
5:24that I'm watching though, that's like
5:28I wanted to see us dig deeper like on
5:31this uh the move up from yesterday,
5:33right? I realistically wanted us to kind
5:37of come down maybe into here.
5:41Oh [ __ ] Before before coming up.
5:47How do I get out of this [ __ ]
5:54I don't know. I just pressed something
5:55on my computer.
6:01Let me reload this real quick.
6:04But for like
6:07um
6:09the past month or so, I wanted to see us
6:11go up here to 26,127.
6:14We've just been kind of ranging back and
6:16forth.
6:20There is a chance that we come all we
6:22come down. I basically I'm watching this
6:24area right here. Like I'm watching if
6:28price comes down into here what it might
6:31do. Otherwise, we might just, you know,
6:34continue up into this area.
6:38After we come up here into this area
6:40though, there is probably a chance that
6:42we might just like come back into the
6:45range. But I am watching this high,
6:47these highs. See these? I'm watching
6:51this area right here. I've been watching
6:53it actually for like a month. Um
6:57almost two months actually. So,
6:59basically at open, what I'm going to be
7:02looking for is whether or not we're
7:03going to be coming down into this area
7:05and how price is going to react here
7:09or
7:11if we just pop up and then pop up and
7:13then go to 26127. So, if we have a lot
7:16of uh
7:18buying pressure off the open and it
7:20doesn't look like we're going to come
7:21back into this area, if it doesn't look
7:23like we're coming back here, then I'll
7:27just be trying to see uh if we can take
7:30it to up here, although it's about like
7:39150 points away, 120, 140 points away.
7:43But yeah, so we're gonna see what
7:46happens at the open.
7:50Oh, use Apex. I don't really use Apex.
7:52Uh mainly because of their
7:55unrealized trailing draw down. I think
7:57that's probably the worst rule in the
7:59entire prop industry.
8:02Unrealized trailing draw down is crazy
8:05to me.
8:09They have a scaling rule. I really don't
8:10know Apex's rules.
8:16Yeah, that's tough. Uh, recommended prop
8:20firms.
8:22Well, I like Alpha Futures. I like
8:25Topstep. I like anything that has an end
8:28of day draw down.
8:31You should give uh
8:35you should give it a you should give one
8:36of those prop firms a try. Alpha futures
8:38or
8:41top step tradeify my funded futures
8:44anything that has end of day draw down
8:47and not a bunch of [ __ ] ass rules
8:53but the way that I trade I I can't trade
8:55with
8:57I can't trade with Apex. There was a
8:59time where I I bought one Apex account.
9:01I passed it and then I was in their PA
9:05account and I went into a trade that
9:09moved in my direction. I moved my stop
9:11to break even. My trade went like $1,500
9:14into profit and then snapped back on me
9:17and took me out at at break even plus
9:20100 bucks maybe. And then I had like
9:23$500 or $600 of draw down left. though.
9:27I didn't even take a losing trade
9:29and I still got penalized for it. So,
9:35I I like to let trades run. I'll just
9:37move stop to break even. If it hits
9:38break even, then it's not a big deal.
9:42But I can't do that with Apex. And I'm
9:44definitely not going to trade the entire
9:46or change the entire way I trade just
9:48for Apex.
9:58So, we'll see what happens here at the
10:00open. Pumped up at CPI, came back a
10:04little bit into it,
10:10and we'll see whether or not we
10:15get below here. Oh.
10:26or if we're going to continue up here,
10:45but I am already I am already in profit
10:48obviously for the morning. So,
10:52I'm not going to be
10:54as aggressive unless I uh
10:59see something that I think is worth it.
11:05But there's no way I'm about to allow
11:07myself to uh
11:09risk a lot of the a lot of these profits
11:11here. So,
11:18cuz today also doesn't even count as a
11:21as a day towards a payout because I
11:26technically made $150 last night, which
11:30is still the same trading day. So, for
11:33the now it's on its fourth cycle for
11:36payouts for this account. And um
11:44we need to we'll try and see if we can
11:46get a max payout for the fourth cycle
11:50before I end up probably just blowing it
11:52on purpose
11:54and then starting fresh with like
11:58a bunch of evals that'll just full port
12:00honestly.
12:18So, we'll see what happens here. We got
12:20two minutes left before market open.
12:28But again, if we do start coming down
12:31and we come into this area right here,
12:33uh I do want to see
12:37what price is going to do, whether or
12:38not we're going to find any type of
12:40support there and start making our way
12:42back up or if we're just going to fall
12:45right back into the middle of the range
12:47and then essentially just basically melt
12:50through it, which I think is not as
12:54likely, but I mean it could always
12:56happen.
14:07All All right. So, we got open happening
14:09right now.
14:13We're going to wait to see what it does.
14:19On MNQ, there was no wick here on the on
14:22the data the data candle. Um, but on NQ,
14:26there is a little bit of a wick.
14:30What up? Good morning, bro.
15:11So again, if we do
15:14uh I'm good. I'm good. I pulled a payout
15:17on this account last night and then I
15:19just uh traded CPI. So, I made my payout
15:23back plus some more. If we do start
15:26popping up here, I am looking up here.
15:28If we start going lower, I'm first
15:30looking for us to take data lows and
15:32then I'm seeing us I'm looking for us to
15:35take this low and this low, come into
15:36this area and then I'm going to be
15:38looking to see how it reacts. Um,
15:43if I do take a trade today, I'm only
15:45going to be going probably five micros.
15:50And then if I lose like one or two
15:51trades, I'll just call it a day. I
15:54realistically don't want to let myself
15:55get below um 3,000 pro $3,000 profit on
16:00the day or a $5,000 balance.
16:05But as long as I I just want to see us
16:08basically leave this area first. So it's
16:11not I don't want to take any trades like
16:15basically
16:17unless it looks really good on footprint
16:19for me to try and attempt to take a
16:21position. I'll probably wait for us to
16:24get out of here.
16:27Get out of the
16:30data candle area. This area.
17:11does seem to be a bit of a slower open
17:13compared to um in speedwise compared to
17:17the previous days.
17:22We haven't picked a direction yet.
18:12We have about a minute left in this
18:13fiveminute candle and it really hasn't
18:16it really hasn't gone anywhere,
18:19[clears throat]
18:20at least yet, but that might change here
18:24in the last minute of the candle.
18:27Realistically, Delta's pretty flat. The
18:30volume is there, though, but
18:33it's just a little indecisive.
18:57Yeah,
18:59we'll see uh if we can start breaking
19:01out either direction.
19:15But when the open is doing this,
19:18I usually like to wait a little bit
19:19because I don't want to get in the
19:21middle of something that could
19:22potentially start to whiplash. But
19:26this is a pretty decent um close for the
19:295minute candle towards the end of it. We
19:31got a little bit of a bullish push.
20:12But we're just going to wait.
20:15Even though it looks like it wants to
20:16start going back up to data highs,
20:20I'd rather just wait, honestly.
20:24Yeah.
20:27Yeah, there's definitely a chance we
20:29snap back into the range and then come
20:30deeper
20:32into um I'm I'm talking about the weekly
20:36range,
20:37this area that's just been
20:40[ __ ] around for two months.
20:46But if we do start going higher, then
20:48I'm going to be looking for us to slowly
20:50or quickly make our way to 127.
21:37If it does pop up here, it's going to
21:39when it takes 600, there'll probably be
21:43a [clears throat] large buyer that steps
21:45in here or you'll see like a yellow
21:47bubble on my screen.
21:50And then if that does happen, when it
21:52takes these orders at 600, if it does,
21:55then we want to see if there's going to
21:57be a continuation following that or if
22:00we're basically just going to snap back.
22:09But as long as we're just in this,
22:12um, it's better if we just wait.
22:16Cuz
22:44let me see how big this area is
22:50it's like 70 points.
23:10The London move. Which one are you
23:12talking about? CPI
23:14London kind of consolidated.
23:25I mean I usually look at like a very
23:28small London session though to be
23:29honest. So
23:37top step went down during CPI.
23:40Didn't go down for me.
23:45Yeah, I went long on CP. Uh I went long
23:47for CPI. I took a payout last night for
23:502200. So, uh yeah, looks like we're
23:53coming up. So, I full ported. Uh wasn't
23:56really a full port because I only went
23:57two minis, but I went two minis long on
24:00CPI like 30 seconds before data.
24:05All right. So, we want to see if we're
24:06going to start getting um bullish
24:09momentum to continue through this. First
24:11area we're going to be looking for would
24:13be uh data highs and then potentially
24:16for us to continue higher. But we are in
24:20a daily volume imbalance right now if
24:22you see this. So, this is we've touched
24:26into it multiple times and rejected
24:28through it. So, we need to have like
24:30some pretty strong momentum to push
24:32through it.
24:40So that's some good momentum here on the
24:42bulls.
24:59There's a lot of order a lot of passive
25:01orders stacked here right around the
25:02highs.
25:04which is also near uh we're like right
25:07at previous daily highs right now.
25:20But I'm waiting for us before I take any
25:23type of trades. I'm basically waiting
25:25for us to get out of this area,
25:29this area.
26:38Got pretty close. Didn't take it yet.
26:40We're probably still going to go take
26:42it, though.
27:46Man, if we just drop from right there,
27:48that'd be pretty Oh.
27:50Oh,
27:59damn, bro. I hope you moved your stop
28:00loss to break even on that one.
28:09That was pretty nasty.
28:13All right, chill. Yeah, at least you got
28:15break even.
28:20Yeah, that was that was pretty nasty. We
28:22we came up here. We failed to take data
28:24highs for like or I guess it's not
28:27necessarily data highs because it's five
28:28minute. It's the fiveminute candle, but
28:31we got real close.
28:3512 ticks and then it just turned right
28:37around back into this area. So again,
28:40now we're back in this area where I'm
28:43less likely to
28:46try and do anything until we
28:51actually get out of here.
29:00Nasty.
29:39But as long as we're like sitting in
29:41here. You got to be kind of careful
29:47in my opinion, or at least I'm going to
29:49be careful.
29:52As long as we're in this area, I mean,
29:53it's about like uh
29:57after this candle, it's probably over
29:59100 points.
30:02Yeah. So
30:08yeah, you don't want to um
30:10I mean at least for me on a five minute
30:12chart,
30:14if I tried to go like you got to think
30:16about it, if I try and go short right
30:19now, where do I got to put my stop?
30:20Well, [ __ ] way up here, probably. If
30:23I try to go long right now, which I
30:25probably wouldn't, but if I try to go
30:27long right now, where am I going to put
30:28my stop? Well, probably down here. So,
30:30we're like in the middle of this this
30:33whiplash that just happened.
30:35This is a perfect opportunity for you to
30:37[ __ ] up your account.
30:47Yeah, we're in the middle of nowhere
30:48right now. We haven't even
30:52This is the fivem minutee candle for CPI
30:54and we haven't even broken out of its
30:56range. Like, we haven't broken out of
30:57the range of its body of the candle yet.
31:00So,
31:02just be patient. And if you're looking
31:05at this and you're feeling kind of
31:07bored, waiting for something to happen,
31:10that's probably the correct response to
31:13watching this happen.
31:16Being bored is not something that, at
31:18least when we're day trading, this being
31:20bored is not something that you should
31:21be trying to actively fix. It's usually
31:25just It's usually just the right
31:27response to what you're watching.
31:40Yeah. Let's take it. Yeah. [ __ ] Q.
31:42Let's go look at some gold and silver.
31:48See, the only problem though with gold
31:49and silver like right now is
31:53Oh.
31:55We're at alltime high on both of them,
31:56so I can't touch it. What a move,
31:58though.
32:02I should I should have went long
32:05during CPI on silver,
32:13man. Look at that, dude. We're getting
32:14close to $90 for silver.
32:28That's crazy.
32:304640
32:31an ounce.
32:50Oh, even crude is jumping up.
32:57All right, let's go back to EQ.
33:01We're gaining some selling pressure.
33:03We're going to see if it could actually
33:04continue down
33:07or if we're just going to be whiplashing
33:09in this range.
33:18Yeah, that was a that would have been a
33:20great move on the commodities today,
33:23but now that it's already at all-time
33:25high, I mean, [ __ ] What are you going
33:27to do? Buy it and hope it goes higher or
33:29try and short the top?
33:34Um,
33:37well, I'm just
33:40for shorts on NQ.
33:45If we are going to go lower, I think
33:47we're going to take the these two lows
33:49right here and we're going to come back
33:50into um around this area.
33:54As far as for
33:57an entry to go short,
34:01um
34:03I'm actually less likely to try and
34:05attempt shorts unless it's really
34:07aggressive and I'll try and just follow
34:09the momentum down towards this area. But
34:12realistically
34:15for me, what an ideal scenario would be
34:18is if um
34:23I need to see what order flow is looking
34:25like once we actually get out of this
34:27area. Whether or not we pop up or come
34:31lower, I would
34:34prefer for us to like for me to take a
34:36trade, I'd prefer [clears throat] for us
34:38to go higher. Um,
34:42I'd feel more comfortable trying to take
34:44a long position once bullish momentum is
34:47confirmed through order flow, but
34:53I mean, you could probably catch a
34:54pretty good move if we start pushing
34:56down really aggressively. You get in
34:59somewhere like around here,
35:03probably catch like 50 to 80 points.
35:17All
35:32right, let's see if we can start pushing
35:33lower.
35:39It's been 20 minutes and we're stuck in
35:41this area.
35:55Oh yeah.
36:16YM. I've never traded YM before.
36:23Oh, yeah.
36:43How much is it per tick with a mini on
36:45YM?
36:47Is it $5?
36:52I don't really trade YM or
36:56like the Dow or the Russell. I don't
36:58really I don't think I've ever traded
37:00them before.
37:08Yeah, that sucks. Anyone who tried to
37:10short it out right here is getting
37:12wrecked.
37:18We got to just wait. Just wait for it to
37:21get out of here.
38:10Yeah, gold is pulling back. Probably
38:11silver, too.
38:18What a move.
39:21Yeah, that's crazy. If you tried to
39:22short it down here when it came down
39:24here to break out of this area, you
39:26would have taken like
39:3540 to 50 points of heat. That's brutal.
40:36So until we get out of here, we're just
40:39going to sit here.
40:42I'm going to raid on my Clash of Clans.
41:06Just don't try and force anything in
41:08this range. If you're like itching to
41:10take a trade, just give it a second.
41:26Yeah, it's better just to
41:30It's better just to not touch it right
41:32now.
41:36There's probably plenty of people who
41:37have been trying to trade this entire
41:38time just getting absolutely smoked. So
41:55much
42:03heat.
42:36Although I do wonder if when we break
42:38out of this area, whether it's to the
42:39upside or the downside,
42:42if it's going to pick up some speed and
42:44do it quickly,
42:56if it starts to break out with some
43:00actual strong momentum. We can try and
43:04scalp
43:06like a momentum type of position,
43:11but I just wouldn't want to anticipate
43:12it breaking.
45:05It is the new hourly candle right now.
45:07So, let's see if something happens uh
45:11at the new 4 hour open.
45:16But until something does, we're just
45:19going to sit here. Preferably,
45:22I would like to see it go higher,
45:30but it may um you know, come down here
45:33first before it goes up.
46:03All
46:04right, this is going to finally break
46:06out of this [ __ ]
46:51All right, there we go. Let's see if
46:52it's going to continue.
47:24I'm going to go short right here.
47:27>> Order filled.
47:29But I'll have to put like a
47:37$400
47:40$400.
47:42Realistically, I just want to see it
47:44start taking some of these lows. If it
47:46does come down and continue, um,
47:50at the moment we take these lows, I'm
47:52going to move my stop to break even. the
47:55moment we get to like 880 like this
47:59area.
48:02But we may just like snap back. But if
48:06that happens, it's okay.
48:10It kind of did stall out right there,
48:12which is not a good sign, but it's all
48:13right.
48:33I just don't want to see it get back
48:35above the large sell order here because
48:37if it does happen then we're just coming
48:38right back into the range.
48:55All right. Yeah, we're [ __ ]
49:18You still in the longs?
49:22Yeah. Yeah, we're about to get stopped
49:23out of this on the new 5m minute.
49:40Order filled.
50:01Oh,
50:03all right. We got wrecked on that one.
50:06It looked like it was going to follow
50:07through to at least uh
50:10at least take the lows. It actually
50:11didn't take any of them.
50:31So
50:34went five micros.
50:37We lost like $400
50:40basically.
50:45We're going to see
50:48what it's going to do. But
50:49realistically, like
50:54today might just not be the day to try
50:55and trade. It might be better to wait
50:56till tomorrow.
51:04At least until maybe the PM session, but
51:06I don't trade the PM session. So
51:16although I did get like a absolute dog
51:18[ __ ] [ __ ] entry on that
53:14It's pretty crazy though. We're like 40
53:1940 minutes in the open
53:22and we're still inside of this
53:27five minute CPI candle.
54:24and we just touched back into uh Asia's
54:28Hi.
54:47Heat.
55:59All right, let's see if we can
56:01get out of here.
56:15Although, if I do take another trade,
56:16I'm going to
56:18I'm going probably go pretty light. I
56:20don't want to have my uh P&L go below uh
56:25I don't want my balance to go below five
56:27grand.
56:45So, we're just going to wait. We're
56:46going to wait probably for the 15 minute
56:48to close.
57:00But we tried to uh
57:03take a trade. We were looking for some
57:05continuation lower, some momentum to
57:08start taking some of these lows. It just
57:11stalled out. We actually try to short
57:14the bottom of that wick, which is crazy.
57:15But
57:18I am now leaning more towards
57:22just uh
57:25sitting on my hands.
58:58The volume for these fivem minutee
59:00candles is actually pretty decent. It's
59:02just not uh
59:05just not really like going anywhere.
59:23All right. How did that 15minute close?
59:31PC is sitting right here.
1:00:35If [clears throat] this doesn't do
1:00:36anything in the next like 15 minutes, I
1:00:37think I'm just going to
1:00:40I think I'm going to take my $3,200 and
1:00:43call it a day.
1:01:52Uh, see if we can
1:01:55get out of here
1:01:58and start
1:02:01taking some lows.
1:02:19What type of news do we have tomorrow?
1:02:22PPI
1:02:33and then another Supreme Court opinion
1:02:35on tariffs tenative.
1:02:45Oh, we have a fed speaker right now,
1:02:51but not anyone who's important.
1:03:02There we go.
1:03:26So, we'll see if it's going to snap back
1:03:29or if we're going to continue to take
1:03:31these lows. And then if it does start
1:03:34dropping, I want to see what price is
1:03:37going to start to do around this area.
1:03:42If we actually get down there
1:04:06and this five minute going to close too.
1:04:08So I want to see
1:04:16where it's going to close at. So about
1:04:18right here.
1:04:37This is just not really like uh
1:04:41like the delivery
1:04:44that I
1:04:46am a fan of.
1:04:49It's having these like drop, stall, come
1:04:52up, stall, drop, stall.
1:04:58I just want to like move
1:05:55All right, there we go. So, we finally
1:05:57took that low. Now, I want to see
1:06:01around this area
1:06:04from here to here.
1:06:07Basically, what's going to what's going
1:06:10to happen
1:06:13this this area?
1:06:32Man, I just got like such a shitty entry
1:06:35on that last trade that I took.
1:06:40Stopped me out and then it went to take
1:06:42the lows.
1:06:44Oh [ __ ]
1:08:32for revenge trading.
1:08:36Um,
1:08:45yeah. I mean, when it comes to revenge
1:08:47trading, there's usually like a
1:08:48threshold that you have mentally that's
1:08:51going to start that
1:08:54like response of wanting to revenge
1:08:56trade. So,
1:09:00I mean, if it's if it like for me,
1:09:05if I uh lose like three trades in a row
1:09:09or it's a certain dollar amount or
1:09:11whatever, right? Um
1:09:16or if you're married to a bias and then
1:09:18it's just totally going against you and
1:09:20you you're just refusing to accept that
1:09:22you're wrong. So you keep trying to
1:09:24prove that you're right through trading
1:09:27what you think. I mean you got to just
1:09:30like think about it for a second. Like
1:09:33there is a point in time where you go
1:09:34from having a a normal uh calculated
1:09:37mindset to then becoming
1:09:40kind of [ __ ]
1:09:43you know, and so for everybody that's
1:09:45different. For you, you might start
1:09:46trying revenge trading after a certain
1:09:49dollar amount. I mean, you might start
1:09:51revenge trading after a certain amount
1:09:52of losses. Um, and it's important to
1:09:55know where that quote unquote threshold
1:09:58lies because if you know that anytime
1:10:00you start losing more or your P&L on the
1:10:03day goes below $500 and that's going to
1:10:06start triggering like a tilt,
1:10:09then just
1:10:10just set a daily loss limit um to lock
1:10:13you out for the rest of the day like
1:10:17before like don't don't give yourself
1:10:19the opportunity to start tilting. thing
1:10:24if that makes sense. I don't know if
1:10:25that makes sense. Sorry, I'm like kind
1:10:26of multitasking right now because I'm
1:10:28watching this area. But um
1:10:37I mean revenge trading and eval though
1:10:39like
1:10:43technically I do that. I don't really
1:10:45revenge trade. I guess I more so full
1:10:48port
1:10:49evals.
1:10:52But like on a
1:10:54let's say on on a funded account, I know
1:10:57what I mentioned earlier. I know that
1:11:00I'm comfortable I'm comfortable losing
1:11:04uh I was up like $5,700 this morning on
1:11:08the balance. I'm comfortable going back
1:11:10to 5,000. Right. The moment I start
1:11:13getting below 5,000,
1:11:15I'm no longer comfortable with that. And
1:11:18so knowing that I'm not comfortable with
1:11:20this going below 5,000, the moment it
1:11:22starts going below 5,000 and I become
1:11:24uncomfortable, well then at that point
1:11:29I may start making uh lower quality
1:11:31decisions. So if I know that I'm going
1:11:34to make lower quality decisions if we
1:11:35start getting below there for me
1:11:37mentally personally, then I'm just not
1:11:40going to allow myself to
1:11:42to even be in that situation.
1:11:46And also every single time you revenge
1:11:48trade and you full port and you you go
1:11:52from being down in the red back up to
1:11:54the green, back up being green on the
1:11:56day, you're just like reinforcing that
1:11:58like dopamine hit where because it
1:12:01worked out this time, the next time that
1:12:02you're down, you're going to think about
1:12:03a day like today where you were able to
1:12:05make it back. And that's just like
1:12:08reinforcing uh bad habits. So
1:12:12you shouldn't do it. Like even though
1:12:14you were down 800 and now you're up 200,
1:12:17you shouldn't pat yourself on the back
1:12:19for that one. If if you considered that
1:12:21revenge trading today and even though it
1:12:24worked out for today,
1:12:28you shouldn't necessarily think that you
1:12:29did the right thing. You did the wrong
1:12:31thing. You should be disappointed. Even
1:12:33though you're up in the green,
1:12:37you should be disappointed in yourself.
1:12:39I don't mean it like that. Like you
1:12:40shouldn't I'm not telling you that. But
1:12:43you I hope you understand what I'm
1:12:44saying.
1:12:49It's all about don't even care about the
1:12:51P&L. It's all about It's all about
1:12:54whether or not you set a rule. You set
1:12:57some rules for yourself and if you
1:12:59follow it or not, you're not going to
1:13:00win every single day. The goal is just
1:13:02like survival, right?
1:13:06So,
1:13:08the goal should not be trying to make as
1:13:10much money as possible every single day
1:13:15because it's just not going to happen.
1:13:16Sometimes it's just it's just not your
1:13:18day. It's just not good price action for
1:13:21how you usually trade.
1:13:25And you got to be okay with that. just
1:13:27there's always tomorrow.
1:13:34Unless it's Friday, then there's always
1:13:36Monday. But
1:13:46all right, let's see what happens here
1:13:48uh at this 15-minute open.
1:14:52I want to see uh what I'm watching for
1:14:54right now is I'm waiting to see if this
1:14:5615-minute is going to um
1:15:00either break the low and then snap back
1:15:02or if it's going to start
1:15:05right here just flipping back up.
1:15:57But if I am looking for a reversal, I
1:15:59don't usually like to try and take a
1:16:01reversal until
1:16:03like if we're trying to look for a
1:16:04reversal along, I don't like taking it
1:16:06until the previous candle's uh low has
1:16:08been taken already and then we start
1:16:10creating a wick on the new candle and
1:16:12flipping back.
1:16:34But we are entering that area that I'm
1:16:37watching for which is right around here.
1:17:42Survive
1:17:56or get eaten.
1:18:00Yep.
1:18:05So, we came down into the area I was
1:18:07waiting for us to get to to look for a
1:18:10long position, but I don't really even
1:18:12though buyers started stepping in here,
1:18:14a small amount of them. Um,
1:18:20I'm not really comfortable taking a long
1:18:22right here because I would have
1:18:24preferred for us to
1:18:26take the lows on the previous 15 minute
1:18:29first before and like create a wick and
1:18:32then I probably would have gone long,
1:18:33but I don't want to take it right here
1:18:41because what I could try and do as well
1:18:44is um, if this five minute closes up
1:18:46here and we come back
1:18:50to retest this area. Basically,
1:18:53if it's a strong close that is if we
1:18:55come back to retest it, you can try and
1:18:57go long, but the stop would be too large
1:18:59and I don't want to risk that much
1:19:00money. But it looks like it's about to
1:19:02be a shitty close anyway. So, it's good
1:19:05that we waited.
1:19:15Yeah. I mean, everyone like that
1:19:18realistically what
1:19:20what hurts most people
1:19:23like like you gota you got to think
1:19:24about it like
1:19:27you got to think about it like a house
1:19:29of cards, right? Like every day every
1:19:31day we trade, we you know try and follow
1:19:34our strategy, try and follow our rules.
1:19:37We're building up this house of cards.
1:19:39We're doing a great job. You know, house
1:19:41of cards getting real big. Balance is
1:19:43looking nice. everything. All it takes
1:19:45is literally one day, one day, not even
1:19:48a day. It It just takes one trade, one
1:19:51hour for you to literally [ __ ]
1:19:53everything up. Like flick out the bottom
1:19:56of that house of cards and it all comes
1:19:57crashing down. You just lost all that
1:20:00money you tried to make that day, all
1:20:02the money you made that week, or you
1:20:04just lose your entire [ __ ] account.
1:20:06And so
1:20:08it's like so fragile, right? Like it's
1:20:10like all we do is we click buy or sell.
1:20:14Is it going up? Is it going down? Which
1:20:16way? Make your bet. You know what I
1:20:18mean? So, you have to be really careful.
1:20:21[snorts] And because we're dealing with
1:20:23money,
1:20:26everyone's going to have, unless you're
1:20:27just like a [ __ ] billionaire or
1:20:29something, everyone's going to have uh
1:20:31some type of like emotional response and
1:20:34there's a threshold to it. For other
1:20:37people it may be more money. Like for
1:20:41some people it may be less money. And
1:20:43you just need to understand like where's
1:20:45that threshold for you? Where do you
1:20:47start making bad decisions
1:20:52and just don't let just if you start
1:20:55getting there, if you start getting
1:20:56close to that number, that threshold or
1:20:58whatever it might be, if you're doing it
1:20:59based off of trades, you got to just
1:21:01stop.
1:21:04Doesn't matter. Doesn't matter if you
1:21:07only wanted to lose 300 that day and you
1:21:09accidentally lost 500. Okay. Well,
1:21:14now you're in a position where you're
1:21:16you're uncomfortable. You're going to
1:21:17make shitty decisions because you don't
1:21:19like where you're at and then you're
1:21:20going to try and make your money back
1:21:21and then you're basically going to try
1:21:23and get even or get even worse. So,
1:21:26there's always
1:21:28more opportunities like today.
1:21:33this this type of [ __ ] that's happening
1:21:35right here. Imagine if you were down on
1:21:37the day today, right? And you're trying
1:21:40to make your money back in a in price
1:21:43action that's delivering like this.
1:21:47You're going to have a rough day, dude.
1:21:50Imagine you just imagine you were like,
1:21:52"Oh, we're going higher. I just saw this
1:21:53candle pump up. I'm down 500. Let me get
1:21:55even." And then now here we go. Now
1:21:57you're down a thousand. Oh, now it's
1:22:00going short. or let me try and go short
1:22:01because this candle has a big wig. And
1:22:04then it pops back up and now you're
1:22:05[ __ ] done. You're done.
1:22:10So yeah,
1:22:25just self-sabotaging yourself, dude.
1:22:32Most of the time it really has little to
1:22:34do with your actual strategy. It's just
1:22:36about self-sabotaging
1:22:38behaviors.
1:22:41And the two famous words that we all
1:22:43know, [ __ ] it. Those are the worst words
1:22:46you could say before you take a trade.
1:22:56Although I'm not going to sit I'm not
1:22:57going to sit here and [ __ ] try and
1:22:59sit on a pedestal. I literally said [ __ ]
1:23:00it before I went long on CPI. So
1:23:05you got me. I guess that doesn't count.
1:23:16But it could have went the opposite
1:23:17direction. I could have just blown the
1:23:18account.
1:23:25No, Eeka guy, you're trying to get me to
1:23:27go five minis.
1:23:29That would have been nice. I would have
1:23:30been up like 10 grand today
1:23:38or or I would have lost my account very
1:23:40quickly in the blink of an eye.
1:23:43Would have disappeared like a magic
1:23:45trick.
1:23:56All
1:24:09right, let's see if we're going to go
1:24:10take this 15-minute low
1:24:12at the new fivem minute open,
1:24:16right?
1:24:18No, I can't think like that.
1:24:23I made I made over three grand. That's
1:24:25fine.
1:24:27after I just pulled a payout last night.
1:24:29So,
1:24:31it's fine with me. Today doesn't even
1:24:33count towards a payout because I
1:24:35literally made profit on silver last
1:24:39night, like 150 bucks, pulled a payout.
1:24:42So, today is technically still the fifth
1:24:44day of the third cycle.
1:25:01Why did you go? Wait, you went long on
1:25:03C. I'm sorry for laughing, dude, but
1:25:07why?
1:25:16If you're ever going to trade news,
1:25:20you got to get in like before or right
1:25:23as news is happening. Otherwise, like
1:25:27that that was the move, this candle
1:25:30like if CPI was going to go long,
1:25:35then this was the long, you know, and
1:25:38then if you long the top of it, you
1:25:39waited like
1:25:42you waited until we actually moved 130
1:25:45points higher. It's better to just wait.
1:25:48If you're not going to um
1:25:50try and trade the actual news candle
1:25:53itself, like before or as it's
1:25:55happening, don't don't touch it. Um
1:25:59because it'll whip around
1:26:02and you'll you'll get burned. But it's
1:26:05all right. I mean, as long as I mean, it
1:26:08kind of sucks that that happened, but
1:26:10just take it as like a learning
1:26:11experience, right? Just don't try not to
1:26:14do that again. Cuz
1:26:19where are you going to like imagine you
1:26:20you went long here, but where would you
1:26:21put your stop loss?
1:26:52And if you are down on the day today and
1:26:55you're trying to make your money back in
1:26:57this uh type of price delivery or price
1:26:59action, just like
1:27:02just stop. Just wait for tomorrow.
1:27:08Today is not like a make your money back
1:27:11type of day in my opinion. Unless for
1:27:14whatever reason after lunchtime the PM
1:27:17session is just amazing.
1:27:32Yeah. And then also on the news candle,
1:27:35we um
1:27:37we took the highs too. So
1:27:40I mean ultimately that would have been
1:27:42like for a news trade that would have
1:27:45been the target.
1:27:47I mean it was like
1:27:50130 points, 125 points away from price.
1:27:54That's enough.
1:28:06But it's all it's all right. It's a
1:28:09learn it's a learning process.
1:28:14Just try and make your lessons not cost
1:28:16you a lot of money. I hope you didn't go
1:28:19like full size on that trade. But if you
1:28:22did, we don't get to decide how much or
1:28:25less in cost. You're just paying
1:28:26tuition. the market. You You decide. You
1:28:30decide how much your lesson's going to
1:28:32cost you.
1:28:53We're really not having the type of
1:28:55reaction I wanted to see out of this
1:28:57area. I was expecting for us to um after
1:29:01we took these lows to actually pick up
1:29:03some speed and then create a wick in
1:29:06this area.
1:29:08That would tell me that
1:29:11a long or reversal at least back into
1:29:14this area
1:29:16or the middle of Asia session would have
1:29:18been
1:29:20a decent uh opportunity, but it really
1:29:23didn't happen that way. So, we're just
1:29:27we're just watching this um go back and
1:29:30forth.
1:29:58I wish I got a better entry on that
1:30:00short though. That was that was a
1:30:02mistake on my part.
1:30:48How big is this area right here?
1:30:5665 points.
1:31:09All right. So, this is this is what
1:31:10we're going to do.
1:31:12This is what we should all do right now.
1:31:17This is not something
1:31:20that we should be trading, okay? We
1:31:23could sit here all day. What's the
1:31:25point? If you're down on the day, just
1:31:28lock out. Lock out, brother. We could
1:31:33try again tomorrow. If you're up on the
1:31:36day, lock out. Unless you trade the PM
1:31:39session, but I do not. So, I'm going to
1:31:42do myself a favor right now and I'm
1:31:44going to lock out. So, we're going to
1:31:46end the day up $3,200.
1:31:49I don't want to trade this.
1:31:52Last night, we took a payout for $2,200.
1:31:55Our balance was at $2,200.
1:31:58We long CPI.
1:32:00Um,
1:32:04we ended up making like $3,600 and then
1:32:06I lost $400 trying to take a short right
1:32:10here. here. I had a pretty shitty entry
1:32:12and um
1:32:15I got stopped out before it wanted to
1:32:17continue down. The target would have
1:32:18been these lows and then after the lows
1:32:20I was looking for a reaction to bring it
1:32:22back. Um but we came down into this area
1:32:26and now we're kind of [ __ ] around.
1:32:30Volume is still okay, but we're just
1:32:34it's just not good delivery. like it'll
1:32:37be like a spike down, stall, spike down,
1:32:39stall, spike. It's like steps. And um
1:32:43I'd rather not trade that. So
1:32:47for whatever reason, if you say, "Fuck
1:32:49you, Thrax. I'm still going to trade
1:32:50today." I hope you don't make your
1:32:54situation worse. And if you are going to
1:32:56do that,
1:32:58I wish you I wish you luck, sir. But for
1:33:01me, I'm done. So, I'll be back tomorrow
1:33:04like 15 minutes before market open and
1:33:07then we'll try and get uh we'll try
1:33:10we'll try and get our fourth payout on
1:33:11this account. Hopefully, we can build
1:33:12the balance up
1:33:15and yeah. So, peace.

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