RR
Richtech Robotics Inc. Class B Common Stock
stock NASDAQ

Your problem for starters is your bankroll management. You absolutely have to have it. Your second problem is risk mitigation during your trade, another thing every successful trader has to have. There is nothing wrong with short term options. I swing, and day trade, and scalp. I’m consistently green, but I control the losses.
Also you “sold in a panic”. Options is the last place you want emotions to take control. If you don’t have a system don’t trade. If you have a system and not the discipline to follow it, don’t trade. It’s not hard to be consistently profitable with short term options, but you can’t treat it like a free for all. You have to accept when you were wrong and cut the loss.
My advice for right now if you are still going to trade, is have a system in place with a realistic RR ratio and stick to it.
You aren’t going to get all that money back fast so don’t even bother trying. If you can’t handle that, then hen keep your 20k and do something else.

Hey bro I’m just asking and am curious so I don’t mean to be rude but do you tilt whenever you lose? I noticed that your losses are huge compared to your wins, or is that your RR? Not trying to be rude once again

I use FVG and pinball for reversal. Breakout as continuation to hold in longer time frames or the fail as the exit and renter on the FVG. 40tics risk 300-450 exit. RR is 1:8 to 1:12 min target for day trades on MNQ. Chop ill shorten into a scalp and shoot for 120tics for 2 contracts and hold the third for 200 tics. If the reversal gets close to my stop when it goes neutral viole.tly I'll add a regular trade with 1 or 2 micros for the 300-450 tics with a profit stop of 30-50 points if momentum slows.

Start with Support, Resistance and Market Structure. Use a negative RR like 4:1 with fixed SL and TP so you can track your max drawdown easily. Challenge yourself to have a Win-Rate of >70%. Start by trying to improve your entries.

No worries!
It’s RR, risk to reward ratio

META RR AMD Google

Short answer is no. The market is fractal, so the trade that takes you two weeks to close for 2 RR can be done in 2 minutes on the 1 minute timeframe..
It s just the higher time frame trading is much easier than scalping because there are a lot less thighs to worry about. You just set it and forget it until you either reach tp or stop out.
Do that in scalping and you will be stopped out more than reach tp. Trade preparation and management is key in scalping.

Timing bottoms. Works crazy well for me. When I kept hearing advice not too time bottoms but enter in with the trend or confirmation my RR ratio fell significantly.

Weird absence of MSTR which bought me a holiday home!
But whilst making cars on the predictable top boys, next best are MSTR, RR, Philip Morris, and a Nasdaq and S&P 500 tracker.

Experiment, but do it consistently and rule based. More factors than just trying to squeeze out a little more RR. For example, does 80% TP back to breakeven make you anxious/stressed? Then create an exit method that does not allow price to come back to breakeven or red. Make this as easy and stress free as you can. You want to avoid emotional inducing situations as that is normally where bigger or compounding errors occur.
Examples of exit methods can be, trail candle lows, use ATR, a close below a MA, set it and forget it (TP or SL and walk away from screen), exit into strength before the "high" or your TP... You can adjust based on your analysis of market conditions or conviction (this is harder to do and allows room to make mistakes, but could be a more dynamic/advanced exit strategy).

Hi everyone, almost 200k in prop firm payouts, the trading journey is no easy path, so here we go.

1. Risk your actual capital if you can afford too, know it sounds counterproductive. But, the truth is you'll save much more time and learn faster. it took me 2 years to become profitable, lost 10k in those 2 years, I would say it would've taken me 4-6 years to even be profitable if I took the "demo account" route. Sure, you won't lose a lot of money that way. But because you have real money on the line, you'll be more inclined to discipline, actually learning from L's, managing emotions, etc. But I must street that actually do it with an amount you care about. if losing $10 a trade hurts to you, then do that. don't risk $5 as you wouldn't care much about that. I say this taking good risk management into account.
2. You have to be obsessed, anything less won't cut it. The truth is if your not willing to give this your all, then might as well not do it. for a while. My days were like this. Wake-up, Trade, Lose or win with a BS Strat, go to school, go to work after school, listen to a trading podcast while in school and not paying any attention in class, journal, get my paycheck and lose it in 2 days because of trading, went back home educating myself about trading, joining groups, trying everything, then when it didn't work. Guess what I did. We did it all over again baby!
3. Well, your already doing it since your on here, join communities. Ask every profitable trader you see online on discord or reddit or anywhere else what they did. May sound crazy but even ask for they're Strat. It's not gonna hurt. That's what I did and I still use the same Strat the guy on discord put me on too.
4. If you can, trade with your friends. I don't think I would've gotten this far if I didn't. It made the journey much more meaningful
5. Prop firm trading will always be for the win. Sure you know about R:R's. But no one ever talks about the RR that prop firms provide. Let's just say the firm that offers $49 $99 and $149 evals. you pay $50, pass, pay.$150. you paid 200 bucks for $2000 in capital, if we use the 150k acc reference you only pay $300 for $4500 of starting capital! I've had accounts I made $60k+ from and only paid. yk it, $300! I mention this because you could have 4500, risk 1500 in a trade, but have only truly risked a real $100, I never play prop firms safe. But when you can always take a payout. Its not real money until its in your pocket
6. Don't tell no one (unless it's your group). Don't talk about it at dinner with the family. Keep it down until you get money/payouts. Even then, unless it's for a beneficial reason. No reason to just bring it up

7. Avoid options and crypto. Futures and Forex is the way
8. Stay away from algos and there no such thing as a special strat. The truth is, a simple strategy, simple risk and emotional management will guarantee change your life. don't spend 5 years looking for that one strat. I see far too much times where people just plan and try to find the one before they take action. The truth is you'll grow far more faster executing and doing over just studying and delaying.

Hello, is this a new revenue regulations? I thought turned over properties lang po kasi ang subject to CGT. Can I get a reference to the RR if ever? Thaaanks

Your problem for starters is your bankroll management. You absolutely have to have it. Your second problem is risk mitigation during your trade, another thing every successful trader has to have. There is nothing wrong with short term options. I swing, and day trade, and scalp. I’m consistently green, but I control the losses.
Also you “sold in a panic”. Options is the last place you want emotions to take control. If you don’t have a system don’t trade. If you have a system and not the discipline to follow it, don’t trade. It’s not hard to be consistently profitable with short term options, but you can’t treat it like a free for all. You have to accept when you were wrong and cut the loss.
My advice for right now if you are still going to trade, is have a system in place with a realistic RR ratio and stick to it.
You aren’t going to get all that money back fast so don’t even bother trying. If you can’t handle that, then hen keep your 20k and do something else.

Hey bro I’m just asking and am curious so I don’t mean to be rude but do you tilt whenever you lose? I noticed that your losses are huge compared to your wins, or is that your RR? Not trying to be rude once again

I use FVG and pinball for reversal. Breakout as continuation to hold in longer time frames or the fail as the exit and renter on the FVG. 40tics risk 300-450 exit. RR is 1:8 to 1:12 min target for day trades on MNQ. Chop ill shorten into a scalp and shoot for 120tics for 2 contracts and hold the third for 200 tics. If the reversal gets close to my stop when it goes neutral viole.tly I'll add a regular trade with 1 or 2 micros for the 300-450 tics with a profit stop of 30-50 points if momentum slows.

Start with Support, Resistance and Market Structure. Use a negative RR like 4:1 with fixed SL and TP so you can track your max drawdown easily. Challenge yourself to have a Win-Rate of >70%. Start by trying to improve your entries.

No worries!
It’s RR, risk to reward ratio

META RR AMD Google

Short answer is no. The market is fractal, so the trade that takes you two weeks to close for 2 RR can be done in 2 minutes on the 1 minute timeframe..
It s just the higher time frame trading is much easier than scalping because there are a lot less thighs to worry about. You just set it and forget it until you either reach tp or stop out.
Do that in scalping and you will be stopped out more than reach tp. Trade preparation and management is key in scalping.

Timing bottoms. Works crazy well for me. When I kept hearing advice not too time bottoms but enter in with the trend or confirmation my RR ratio fell significantly.