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Hello, I need some assistance in what to do next. I find myself understanding a lot of what it is going on in the charts, but since I am a beginner I am only looking for swings with a RR 2:1, and when I do my review after the session is over and listen to the video review, I understand that I should get out a lot of the times before my 2:1 RR is hit, don't know if they are saying to get out for a beginner or if they are talking about experienced traders. Should I hold on no matter what and rely on my SL ?
One other question is about the trading room, as in the reviews I find myself questioning every entry and everything because of the amount of information that I am receiving through the trading room. Should I become profitable first with my 2:1 RR swings and then enter in the trading room or should I do both of them (swings 2:1 and trading room) at the same time ?
And the last question is if I can have a career in trading only doing 2:1 swings relying just on my SL, because I feel very comfortable with the math and the trades ? (normally I also see the follow-through bar, because if the follow-through bar is not strong the trade stops me out every time)
Hi Rodrigo,
Great questions, I don't feel qualified or experienced enough to answer them however I am interested in reading the responses you get from the more experienced members over here.
Best!
Hi, I'm also interested in this topic. I've been always frustrated with trade management, so I want to know if someone is making a living with walmart trade.
I hope masters will find here and give us some insights...
It would be very interesting to get an insight from the masters....😉
I attended the trading room today for the very first time (it was awesome) ... here is my take (after watching a lot of BTS videos over the weekend).
When loading up the chart and starting session, Trader first needs to identify the type of the market that is in front (range, trend) to the left of the screen - because the chances are high the market will continue behaving similarly. When prices in the range, both bulls and bears are succeeding to scalp (big trend bars with direction of the move - means we fade breakouts; when there is a trend (break out and strong follow through bars with small corrections), we enter anywhere and add-on along the way. Everyone's entry could be subjective because anyone can enter anywhere, the challenge is how to manage the trade. Let's say you almost got your TP based on 1:2 risk reward, but prices reversed? It's you that decide what to do about - get the best price by averaging out? Or trying to get the BE? or simply taking a loss?
Could be wrong.
One other question is about the trading room, as in the reviews I find myself questioning every entry and everything because of the amount of information that I am receiving through the trading room
