SC allows for the same Global Profit/Loss Management settings to set an auto-flat at a certain amount of profit or loss and can be set to lock until a certain time of day the next day. For the profit management, you can trail the auto-flat amount after it triggers the initial amount.
I totaly agree Matt, I "SHOULD" be able to stop myself out without a hard stop at my broker, I guess there is more gambler in me then I'd like to admitt
Hey Matt. Thank you so much for taking the time on your vacation to do these videos and thank you for answering my question. Ugh i hate the start/stop feature. My wife has it on her car and i press that button as soon as i get in. PEI looks so pretty. I’d love to visit there some day.
Thank you Matt for what you are sharing, it always helps. I'm still learning and would appreciate if you create a video on how you approach the market, step by step. In your videos it seems you are following your intuition, but for beginner traders it would be helpful to guide us where to look and for what until we build our own. Thank you so much again.
Hey Matt, glad to hear you're having a great vacation with your family. I loved the segment about setting a max loss. I recently set one up on Sierra Chart, that way I can never lose more in a day than I can make back in a good trade. I've noticed that it's incredibly difficult for me to walk away from the market when I'm red, so I tend to make red days even more red. Which is ironic, you'd think it'd be harder to walk away green since you think you can make more money... but I've learned my lesson on giving back profits! All I gotta do is figure that out for the red days.
Hi Matt, Do you publish all tour trading days? Including loasing days? I have not gone through all your live trade videos, but so far you got 100% win rate for all the videos I have watched. 🤯 Thanks
Hey Matt hope your having a great time! I’m profitable on demo and place outstanding trades, but I can’t replicate that on accounts that actually matter and instead still lose. I think my problem is that I don’t have the necessary self trust and hesitate. Do you know any tips or things i can do to develop this self trust rather than get it by throwing away money.
Hey Matt. Hope you’re having a great time. I’m curious if you have any opinions on how recent developments in AI might affect your style of discretionary trading or the market in general.
Hi. I have been watching your videos for over 1 yr now. I am a super strugiling trader. In to years my account went from 80 k to current 5k. Now im just doing 1 micro trade until i can get consistant. with a max 3 losser day of 5pts each. Im still struggling with this. Not emotions or psychological stuff. But just getting my edge and my entry points. I get stopped out alot, especially now that i stick to all my rules and i have finally stopped removing or moving my stops in hopes of recovery. I have fully corrected that problem which at the end of the day is what drew down my account. My main question is if you can pleaae make a detailed video on when you enter and why you enter. In your videos, entries come in fast. But im sure your sitti g there for a while before entering. Please let us know. Thanl you😊
Thanks again Matt, great responses. I’ve successfully traded two months, over around 50 trades, and resulted in profit. However I still have periods when I have a string of multiple days in a row where my trade management or execution is poor and causes too many losses. I do have a strict setup and rules, but I don’t read the environment correctly and apply the wrong approach at times. I’m doing my best to refine and simplify, but do you have any experience in dealing with strings of losses over multiple days? I tend to have a poor day, make a great recovery, and then lose out on even more after the recovery day and it just spirals from there. I wonder if I should just take a day off after I recover from a day of losses? Anyway, just tossing them out there. Thank you!
Definitely, just take the next day off. I almost always take a day off after a particularly good day. You often end up either giving some of it back or working for nothing. It’s been a long time since I’ve had multiple loss days in a row because I do everything possible to avoid them. My max loss rules are also very strict. 2 max loss days in a row makes me quit for the week, and if I hit 3 in a row I’m out for the month.
@@DTND Very kind of you to read and reply. Thank you for taking the time, I really appreciate the insight! I’m getting closer and closer by the week to my success, just going to try and stay consistent with my strategy and my risk to keep building execution skill. Thanks again!!
Hello how do you hold onto a trade for longer I try to hold it but I can feel like brain going foggy and I forget what I am ever looking at my head starts rushing and it’s literally like I forget that I am a human 😂so yeah any tips on how to hold the trader for a bit longer thank you
I'm gonna chip in with my own 2 cents here even tho I'm not nearly as experienced as Matt is, What I do if I start feeling like punching out of a trade is to go trough the reasons I took it to begin with and see if its still valid, if not then I might get out, but if it still checks out I get confidence to stay in, the other thing I like doing is using Richard Wyckoffs method of checking the other indices for confirmation, for example say the S&P is on a bull run, you can take a look at the nasdaq and dow jones to see if they are doing the same, if they are we know that the bull run has strength and is backed by actually movement of the stocks included in the index and not market manipulation or short term swings, of course there are no guarantees in the stock market but I hope you find some value in it.
