What is 5 Star YOLO Trading?
In another thread, someone mentioned the term in relation to taking a very good trade, at the right time and right size to basically carry you through the end line in a funding challenge.
So, it is a perfect trade, a home run. the trophy getter.
Of course, this is not meant for a real account.
It is not meant for newbs and even the intermediate level. That's because it teaches them bad habbits.
In fact, it is not good for anyone. That's why it is called YOLO. It is suicidal to trade like that.
I know to live to trade another day, is a virtue but, this is on the opposite spectrum.
Because I have always avoided trading like that or even avoided practicing like that even in a demo ,( I just can't bring myself to), I have developed a need to do it.
So, I'm not obviously an expert on the subject but I am looking/hoping to have a meaningful discussion on the subject.
What is it that prompts a trader to literally bet the farm, or at least the kitchen on one move...and be right too?
I am hoping for something replicable. Something that happens with regularity enough that just put you on the next level.
An indicator? An event that is always the precursor to a sure move in another instrument?
The mojo basically.
Screenshots would be great...anything.
I'm not sure other than 'scalping' this topic has been much explored. Scalping is a grind. If someone could make 10% in 1, 2, 3 or so trades, is that still scalping? Maybe but even scalpers want to live another day to scalp.
I'll try to figure out something but for now, just looking for a reliable method to start.
In another thread, someone mentioned the term in relation to taking a very good trade, at the right time and right size to basically carry you through the end line in a funding challenge.
So, it is a perfect trade, a home run. the trophy getter.
Of course, this is not meant for a real account.
It is not meant for newbs and even the intermediate level. That's because it teaches them bad habbits.
In fact, it is not good for anyone. That's why it is called YOLO. It is suicidal to trade like that.
I know to live to trade another day, is a virtue but, this is on the opposite spectrum.
Because I have always avoided trading like that or even avoided practicing like that even in a demo ,( I just can't bring myself to), I have developed a need to do it.
So, I'm not obviously an expert on the subject but I am looking/hoping to have a meaningful discussion on the subject.
What is it that prompts a trader to literally bet the farm, or at least the kitchen on one move...and be right too?
I am hoping for something replicable. Something that happens with regularity enough that just put you on the next level.
An indicator? An event that is always the precursor to a sure move in another instrument?
The mojo basically.
Screenshots would be great...anything.
I'm not sure other than 'scalping' this topic has been much explored. Scalping is a grind. If someone could make 10% in 1, 2, 3 or so trades, is that still scalping? Maybe but even scalpers want to live another day to scalp.
I'll try to figure out something but for now, just looking for a reliable method to start.