It's my third time trying to post this. Damn attachment wouldn't show up. Hopefully it does now.
Just wanted to share a quick story of a trade I put on last night. In short, I got stopped out. But I was pleased with myself for identifying Wyckoff accumulation occurring, and jumped in at an appropriate area. Been fascinated with Wyckoff and other smart money concepts for a while, and last night around 10pm I saw what looked like a spring and knew it was going to go up. Tried to enter at the test but couldn't get in, so then bought the next dip (denoted by the arrow) which I thought was the LPS (that actually came later). I identified a couple of imbalance/inefficiency zones up above, and was targeting the top one. Should've only targeted the first one, as it would've been a winner. But I got stopped out after it crashed down after filling the first zone, which coincided with the 200 EMA. I was in dreamland when this was happening. Woke up this morning to find out I was stopped out.
A bit of a bummer, but I still feel good about myself for identifying Wyckoff. I only lost a small amount of money - about half of my usual risk. Been trading for years and have always been dumb money, but it feels good to be in the transition process to the smart money side of things. I feel hopeful for the future. I still like my retail stuff like fibs and other indicators, but this Wyckoff stuff is next level shit. I could read/watch hours of Wyckoff material and backtest and stuff, but to see it unfold in front of your eyes in real time is something special.
Just wanted to share a quick story of a trade I put on last night. In short, I got stopped out. But I was pleased with myself for identifying Wyckoff accumulation occurring, and jumped in at an appropriate area. Been fascinated with Wyckoff and other smart money concepts for a while, and last night around 10pm I saw what looked like a spring and knew it was going to go up. Tried to enter at the test but couldn't get in, so then bought the next dip (denoted by the arrow) which I thought was the LPS (that actually came later). I identified a couple of imbalance/inefficiency zones up above, and was targeting the top one. Should've only targeted the first one, as it would've been a winner. But I got stopped out after it crashed down after filling the first zone, which coincided with the 200 EMA. I was in dreamland when this was happening. Woke up this morning to find out I was stopped out.
A bit of a bummer, but I still feel good about myself for identifying Wyckoff. I only lost a small amount of money - about half of my usual risk. Been trading for years and have always been dumb money, but it feels good to be in the transition process to the smart money side of things. I feel hopeful for the future. I still like my retail stuff like fibs and other indicators, but this Wyckoff stuff is next level shit. I could read/watch hours of Wyckoff material and backtest and stuff, but to see it unfold in front of your eyes in real time is something special.
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