I started doing this two weeks ago. It's been working well so far. One mistake I made with it last week was seeing it pull back, and then pulling my stop loss down to avoid it and losing a lot in the process. It's a WIP, but I'm liking it.
This is what I do. My biggest issue is I end up trailing it to close and get stopped out to soon. I started doing it when I came to the realization that I may know where it's going but I don't know when or how long it's going to take to get there. I would break even a lot because it would stop short of my target and revers all the way back.
thank you for another good vid! your previous video about getting daily limit was exactly what happened to me that day and same trade..... I knew i was going in tilt but then boom. daily loss...... your video kinda helped me to not be on too hard on my self and ready for monday. thank you im having huge issue with chopped up on consolidation...... got three day of daily stop this month.... all happened on those chop...... i need help!!!!
Hello Patrick, the platform you use is TW? with tradovate? It's curious, I'm in the combine with tradovate but I see that your interface is more comfortable when launching stop/limit orders... thanks in advance
This is a manual strat based on the individual trade to maximize profits. It's not setting an arbitrary number that covers all trades and treats all trades like they are equals. Takes the idea of trailing stops and makes it a sharp knife.
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I started doing this, and yeah complete game changer!
Woo yea! Using this exact strategy along with keeping the losers small was a game changer for me. LETS GOOOO!!!!! 🙌🏼💪🏼
This is the way
I started doing this two weeks ago. It's been working well so far. One mistake I made with it last week was seeing it pull back, and then pulling my stop loss down to avoid it and losing a lot in the process. It's a WIP, but I'm liking it.
Great video! Thank you. My next hurdle that I've been trying to focus on is staying in trades longer and this helps.
For scalping the open like you do, you will LOVE riding a full load using this management. Scaling in and out for 10:00 on, as usual.
Awesome Patrick thats how your gonna get that new boat!!
I've been doing a lot of candle by candle lately you get 20,30,40 points in your favor with your size. You're doing it in high cotton.
Could you do a video on how u use the tick chart in relation to the 1 min, 3min etc. thanks for all the knowledge Pat!
Yep, I always trail my stops while in profit!
This is what I do. My biggest issue is I end up trailing it to close and get stopped out to soon. I started doing it when I came to the realization that I may know where it's going but I don't know when or how long it's going to take to get there. I would break even a lot because it would stop short of my target and revers all the way back.
2 Higher green or 2 lower red candle trailer, then switch to 1 if the profits get ridiculous
Why doesn't Tradovate have trailing stops?
Will be a technique when the drawdown stop chasing you, buffer max gains and you can play like this
Show us how trail stop loss on Quantower, Sierra Chart, Motivewave and NT on Mac.
This works great on accounts with EOD drawdown or a static drawdown. For trailing drawdown firms, this will kill your account fast😊
Nice strategy bruh ✅
thank you for another good vid! your previous video about getting daily limit was exactly what happened to me that day and same trade..... I knew i was going in tilt but then boom. daily loss...... your video kinda helped me to not be on too hard on my self and ready for monday. thank you im having huge issue with chopped up on consolidation...... got three day of daily stop this month.... all happened on those chop...... i need help!!!!
Hello Patrick, the platform you use is TW? with tradovate? It's curious, I'm in the combine with tradovate but I see that your interface is more comfortable when launching stop/limit orders... thanks in advance
That’s what I was saying couple weeks ago with a trailing stop loss. And you said “do I look like a trailing stop bitch?” 😂 sorry had to!
This is not trailing stop
Dear coach . Thanks
That’s funny. I was practicing doing the exact thing today for a similar reason. Great tool to help get you funded! You build a cushion better.
Epic thanks, mate
I do this with personal and funded accounts. But during test phase for a funded it equals as a loss with the trailing max loss.
Shouldn't do with his Topstep EOD stop
That's exactly how I trade, with a trailing stop loss. 👍
Bro what broker do you use for trading ?
Awesome ❤
Thanks 🤗
U 4 ME & ME 4 U!
What platform are you executing trades on? I signed up for the combine but haven't chosen whoch platfor yet.
it´s tradovate , but his technical chart is open at tradingview.
Very nice.
Guys remember the spread. The diffrence between the buy and sell price. If you don't move the stop enough you may have a negative trade.
Another reason to not use Apex lol
Risk management, capital preservation Monday coming soon.
Good trade Patrick, but isn't this just a trailing stop-loss?
This is a manual strat based on the individual trade to maximize profits. It's not setting an arbitrary number that covers all trades and treats all trades like they are equals. Takes the idea of trailing stops and makes it a sharp knife.
+1 babyyy
You a goat
💯