Today’s trading session taught me something that EVERY prop trader needs to hear.
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on, guys? So, I’m going to explain one of the most important things about trading. Before I do, uh, I stream live every single day, 9:00 am to 12 pm and then again 2:00 p.m. to 4:30. We’ll be doing account giveaways on the stream every single day this week. Um, but yeah, I’m going to just get into it because this is the type of day. Yes, I was all green today, but did I make as much money as I should
Have? Not at all. because my entry didn’t, you know, present itself. So, I know a lot of people are going to be posting massive P&Ls. Oh my god, we made this and this. I I made this and this guy made this. Realistically, you rarely get a day like this. I mean, let’s be real. We were up, I don’t know, almost a thousand points at one point from the open, whatever it opened at. Like if you’re going to change your strategy to
Only bank on these days, you’re not going to get many opportunities. I’m just going to be honest with you. Um, we didn’t get really the entry that I liked. So, I did scalp my way to about 140 bucks in about 12 accounts and then some more money in some others. But I by no means had a buy and hold type of situation as I normally would. It’s okay. You know, even if I didn’t trade at all today, that was okay. Um
The fact that you know, you guys look at other things online and you’re like, “Oh, this guy did this. I got to do this.” And then you end up changing your strategy because some other guy who may or may not, he might have shown a screenshot. He made money. You don’t know if he lost in 10 other accounts. Like you don’t really know. I’m just telling you just keep sticking to your strategy. If you’ve back tested it and know it’s good,
Forward tested and knows know it good. Why are you going to change things? Because one day you didn’t, you know, get in and hold for a good trade. You know, I know some people that are red today. Listen, if your, you know, your strategy presented a short and you took it and it lost, that’s okay. Listen, you’re going to lose trades. It’s okay. Don’t feel the need to start changing things because of one day. Um, you know, that that’s my best
Piece of advice. Now, you know, if you didn’t do your numbers and you don’t know what your strategy does, well, that’s another story. But if you know all your numbers and you know what your strategy gives you, I wouldn’t change anything. You know, odds are we’re not going to be up a thousand points every day. So, I would just stick to what’s been working, what’s getting you payouts, and that’s it. You know, I locked in a lucid payout today, which was
Nice. And uh I mean, that’s pretty much it. You know, I just want I don’t want people changing their strategies and doing all this because of one day. So, um that’s all. If you have questions, come on the live stream and ask. Uh, other than that, I’ll see you uh tomorrow in the morning.
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