Hey all!
First off, I’d like to say thanks to this group for being positive and supportive to each other. Also thank you to Kyle for putting all of this together to give us the opportunity to better our lives!
I have gone through the courses and have really taken my time to digest all of the lessons. I started paper trading last week and so far have had more failures than successful trades. Based on what I have interpreted from the lessons, I set up my trading blocks accordingly, then after I execute my trade, almost every time the market reverses and my trade hits the stop loss. Sometimes quickly, sometimes in an hour or so. I have attached to this post a common example of what happens to me. In the pic I re-entered the trade scenario so you can see where my stop loss and take profit values were. This trade executed and then hit my stop loss shortly thereafter. I feel like I’m missing something. I’m requesting any constructive criticism or advice on how to improve my odds of winning or if anyone sees anything I’m doing wrong, please share! Looking to gain confidence so I can trade live with my own small self-funded account and work towards qualifying for the larger funded accounts.
Thanks in advance!!