maybe 90 we can see
Attached Image (click to enlarge)
Trade Like a Casino, Not a Gambler
{quote} So, I am done for the day... just missed two great trades just by a fraction... but thats all part of the game.... there is one other Sell (out of the chart) still there, will let u know tmrw morning if that got executed... have a great day ahead
Yesterday was a miss and go day for my trades.... two of them were correct but just missed by the tight SL... Anyway, I had 4 trades yesterday with -1.5, -1.5, +1.5, -1.5...
Tally so far:
Day Date Trades Net
----- ---------- ------ -----
Day 0-20 Jul_Aug-2025 47 +23
Day 21 18-Aug-2025 3 +5.5
Day 22 19-Aug-2025 3 +2.0
Day 23 20-Aug-2025 3 -3.5
Day 24 21-Aug-2025 2 -2.0
Day 25 25-Aug-2025 3 -3.5
Day 26 26-Aug-2025 1 +3.0
Day 27 27-Aug-2025 4 -3.0
Total trades since 18-July-2025 : 66
Total profit since 18-July-2025 : 21.5 points
Will be back with todays trades in sometime...
Trade Like a Casino, Not a Gambler
Today I am trading 4 bounce points, two long ones combined in one, one short from yesterday (which is a level from 23-Jul) and one additional long.
Short Side : 3416.55
Long Side : 3386.65, 3379.15
The 3386.65 is covering two bounce points so has an SL of 2.3 points, rest two have the default 1.5 points initial SL.
Lets see what gets hit today... all are covered by EA which will start chasing it down as soon as it gets hit till break even and then trail it to TP
Attached are these levels on the 1-hr chart for reference...
Short Side : 3416.55
Long Side : 3386.65, 3379.15
The 3386.65 is covering two bounce points so has an SL of 2.3 points, rest two have the default 1.5 points initial SL.
Lets see what gets hit today... all are covered by EA which will start chasing it down as soon as it gets hit till break even and then trail it to TP
Attached are these levels on the 1-hr chart for reference...
Trade Like a Casino, Not a Gambler{quote} The fact i noticed is we both are trading (almost) same strategy(bounce points) and your sl are hited multiple time before going into your dierection is kinda sad... just see and try to figure out whats going wrong ...... either could be your limit is at the very beigaining of the zone or your sl too small.. the thing i will say that will definatly increase your win rate and profits is change your fixed sl from 1.5 to 2................ and place your limit order 1-2 point above/below the point you initialy decided;........... you don't have...
But, I will stick to my points and levels (SL)... In the long run (long defined as 50+ trades with the same levels) they don't matter, because the number of times you would lose the extra 0.5 (if SL is moved from 1.5 to 2.0) will balance out the gains.... Its not the levels I am trading its the probability of bouncing from those levels which I am trading. My bet is that its more than 50-50 as compared to all other points in between....
Trade Like a Casino, Not a Gambler
Today I am trading 4 bounce points, two long ones combined in one, one short from yesterday (which is a level from 23-Jul) and one additional long. Short Side : 3416.55 Long Side : 3386.65, 3379.15 The 3386.65 is covering two bounce points so has an SL of 2.3 points, rest two have the default 1.5 points initial SL. Lets see what gets hit today... all are covered by EA which will start chasing it down as soon as it gets hit till break even and then trail it to TP
Trade Like a Casino, Not a Gambler- #237
- Aug 28, 2025 12:07am Aug 28, 2025 12:07am
- Joined Apr 2025 | Status: Trader | 1,205 Posts
Today I am trading 4 bounce points, two long ones combined in one, one short from yesterday (which is a level from 23-Jul) and one additional long. Short Side : 3416.55 Long Side : 3386.65, 3379.15 The 3386.65 is covering two bounce points so has an SL of 2.3 points, rest two have the default 1.5 points initial SL. Lets see what gets hit today... all are covered by EA which will start chasing it down as soon as it gets hit till break even and then trail it to TP