zach

Building my prop firm calculator today reminded me of something very important. If risk management is implemented correctly, the win rate is the only metric that matters. It only matters which button I press. I can be wrong 50-60% of the time and still make money. Surely, with trend following, my odds would be better than 40%. The goal is to stay in the game long enough for the edge to play out. Edge = Discipline + Strategy + Risk Management Discipline: Don’t take trades that you shouldn’t. Don’t size up randomly. Strategy: Take trades that fit your criteria Risk Management: Risk an appropriate amount and take profits at an appropriate amount. Trading is just a statistics game, and no single outcome determines good or bad trades. Just if you executed your edge. Wow. Things are starting to click.

A little bit of risk with a lot more upside

The probability of my passing my LucidFlex 25k eval in 30 days increases substantially with a $100 risk instead of a $50. It’s just math, assuming a 45% win rate. I will be doubling my size tomorrow for my trades. $100 risk, $200 reward. theunseenspirit.github.io/prop-firm-calc…

@CRTwithSaint >1:1 R/R

Why is it possible to hit 10 losses in a row but impossible to hit 10 wins in a row?

I shouldn't have shorted all time highs with the momentum that we had. Bad direction choice for first trade. Good risk management though. Cost me about $50 on the day. Would've been up $100 instead. Onto tomorrow.

- TP hit - Stuck to my risk management plan for both trades today✅ - $47.50 profit today, down $2 total on the account - Slow and steady! - Locking myself out until tomorrow at 8:35am

Longing ATH! $50 risk and $100 target.

Breakeven +$5

Lil premarket practice while at the gym. Practicing the mental capital required to hold through drawdown and preserve profits. Trading is a statistics game. Let the math work.

Oh wait, i forgot i locked myself out of trading until 8:35am tomorrow. I love myself!

Lmao, did this on my paper trading account. Forgot to login. Maybe its for the best haha.

Long in MNQ, 1 contract. Max risk $37.50. Looking for push past POC and rejection off of auction at 816 level up to the next HVN around 880. Also the 30,000 level was not hit today. Only a couple of points away before strong selloff. Strong draw for tomorrow I would imagine.

Tried a long off of the pullback from abnormal volume. -$50. Trading smaller like this will prove to be helpful in the long term I am sure. And yes, after reflecting, I am in the "long term" game. No eval gambling. Trading has been manually locked until 8:35am tomorrow morning.

I'm back. Fresh 25k account loaded up. Fresh mindset. Clean slate.

@cantucapital congrats man!

$4k payout secured 🎉 a month ago, I was repeatedly blowing accounts. I had to confront my psychology issues head on. I developed a structured rulebook, tightened risk, sized down, stuck to my rules and sharpened my setups. if I can turn it around, so can you. never give up!

stopped out at $7.50 profit (my new BE stop because i added a contract). i think BE needs to be a part of my strategy. risk free trades are great. it's true that in algorithmic trading, BE stops reduce expected value. but i'm not a robot (as much as i'd like to be), so BE stops might improve my EV. i can count with two digits the number of trades that have hit BE then TP. very few.

Paper trading MES today. Preparing for a 25k Pro @TradingLucid eval that I will purchase next week. My life circumstances have changed, and now I can trade NY. This won't fix my discipline problem though. But it is exciting to get more liquidity and exposure to real-time price action. One step forward at a time. Goal is to pass an eval and be disciplined in the process. If I could follow my rules for one month, it might change my life.

@TradingLucid not a realtime trading call but i added a contract after learning that avg moves would be 6-12 points on MES rather than 10-15. I wanted fewer points but same $

@TradingLucid Stop is now +$5

Stop is now -$15