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Why Smart Traders Watch the First Hour (Initial Balance Guide)

  • #61
  • Nov 26, 2025 10:35am Nov 26, 2025 10:35am
And while I was writing my previous post, today's trades came in.
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  • #62
  • Edited 2:34pm Nov 26, 2025 12:47pm | Edited 2:34pm
Quoting driven18
Here we go for today...do I want to take a profit - Yes. Will I, not now but started on my MM. {image}
You can see I had 193 points in profit on the previous chart but closed it 300 profit. Why? Money Management statistics told me that to continue with the trade is becoming a high risk.
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  • #63
  • Nov 26, 2025 12:50pm Nov 26, 2025 12:50pm
Quoting eadweardcap
{quote} Well here's where I like to play with Monte Carlo simulations and look at trade profitability percentage. You're absolutely right, money management is CRUCIAL in trading. Up to the point where I've seen traders that have like a 30% trade profitability but because they mange risk, they're insanely profitable. Now, I'll share some statistics with you guys since I've been using this trading strategy around mid-October: {image} So if we take some of those statistics and plug them into a Monte Carlo simulation calculator you get the following:...
Good Stuff, my only reservation with you is if you hit 3 opposite range stop losses...it will be difficult for you to continue in live trading as those ranges and SL can be huge comparing to small profit targets that you take.
  • #64
  • Nov 26, 2025 1:26pm Nov 26, 2025 1:26pm
Quoting driven18
{quote} You can see I had 193 points in profit on the previous chart but closed it 300 profit. Why? Money Management statistics told me that continue with the trade is becoming a high risk. {image}
That's sick dude! But I think I'm thinking of another method or term for Money Management. could you please explain a little your money management statistics?
  • #65
  • Edited 2:23pm Nov 26, 2025 2:09pm | Edited 2:23pm
Quoting eadweardcap
{quote} That's sick dude! But I think I'm thinking of another method or term for Money Management. could you please explain a little your money management statistics?
No, I can not explain my MM, as it took years to pinpoint MM methods and statistics for those methods and especially to make my mind at ease with those statistics.

As you saw today 193 points became 300 points. 5 years ago I would of not been able to handle giving up 193 points potentially to BE, but not NOW.

Entry is an Art, but mostly it is meaningless, but MM and Control of the MindFuck(Fear and Greed) is a science and very individual thing. Become a scientist!
  • #66
  • Nov 26, 2025 2:27pm Nov 26, 2025 2:27pm
Quoting driven18
{quote} No, I can not explain my MM, as it took years to pinpoint MM methods and statistics for those methods and especially to make my mind at ease with those statistics. As you saw today 193 points became 300 points. 5 years ago I would of not been able to handle giving up 193 points potentially to BE, but not NOW. Entry is an Art, but mostly it is meaningless, but MM and Control of the MindFuck(Fear and Greed) is a science and very individual thing. Become a scientist!
Haha "Control of the MindFuck" I love it man. Thank you for sharing all this!
  • #67
  • Nov 27, 2025 1:27am Nov 27, 2025 1:27am
Quoting driven18
{quote} No, I can not explain my MM, as it took years to pinpoint MM methods and statistics for those methods and especially to make my mind at ease with those statistics. As you saw today 193 points became 300 points. 5 years ago I would of not been able to handle giving up 193 points potentially to BE, but not NOW. Entry is an Art, but mostly it is meaningless, but MM and Control of the MindFuck(Fear and Greed) is a science and very individual thing. Become a scientist!
Thank you for sharing your trades. What is your strategy? ORB? How much you risk on your every trade?

Thank you
  • #68
  • Nov 27, 2025 7:15am Nov 27, 2025 7:15am
Happy Thanksgiving everyone. Since today's U.S. markets will be closed and tomorrow I wont be on the computer, here are November's trades.
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  • #69
  • Nov 27, 2025 7:55am Nov 27, 2025 7:55am
Quoting HDPaulius
{quote} Thank you for sharing your trades. What is your strategy? ORB? How much you risk on your every trade? Thank you
I explain the idea on how I trade in a few posts above. For SL, I recommend, no more then 2% of the Balance.
  • #70
  • Nov 27, 2025 8:00am Nov 27, 2025 8:00am
Quoting eadweardcap
Happy Thanksgiving everyone. Since today's U.S. markets will be closed and tomorrow I wont be on the computer, here are November's trades. {image} {image}
Good Month! When you working on the science of your personal Money Management, you do have to consider that DD that I circled can and will happen double the size at the place where I am pointing my arrow. It can happen in 5 trades or it can bleed slowly. Can you handle it trading live the way you are trading now when you are trading larger amounts? I am not looking for an answer, just something for you to take into consideration.
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  • #71
  • Nov 28, 2025 6:13am Nov 28, 2025 6:13am
Quoting driven18
{quote} I explain the idea on how I trade in a few posts above. For SL, I recommend, no more then 2% of the Balance.
Profit is clear, but how about stop loss? What entry points are you looking for? Is it related to the candle structure or what? Another question - do you trade immediately after the market opens or at a certain time?
  • #72
  • Nov 28, 2025 10:57am Nov 28, 2025 10:57am
Quoting HDPaulius
{quote} Profit is clear, but how about stop loss? What entry points are you looking for? Is it related to the candle structure or what? Another question - do you trade immediately after the market opens or at a certain time?
I will not discuss my strategies, as they differ based on what I perceive a start of momentum. TFs are different for entries and therefore MM is different. I was just helping thread owner with some pointers.
  • #73
  • Nov 30, 2025 11:27pm Nov 30, 2025 11:27pm
Quoting driven18
{quote} I will not discuss my strategies, as they differ based on what I perceive a start of momentum. TFs are different for entries and therefore MM is different. I was just helping thread owner with some pointers.
So no trading buddies?
  • #74
  • Dec 1, 2025 7:55am Dec 1, 2025 7:55am
Quoting HDPaulius
{quote} So no trading buddies?
Privet, nu kak tam?

Trading buddies - Yes, discussing in greater details 10 years of my hard work - Not.
  • #75
  • Dec 1, 2025 3:37pm Dec 1, 2025 3:37pm
Happy 1st of December! Here are today's trades. Still have an open position in S&P 500 which came like a pip from hitting the TP. I also ended up getting 2 positions in the Nasdaq 'cause I restarted my MT5 and the EAs reset.
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  • #76
  • Dec 1, 2025 4:31pm Dec 1, 2025 4:31pm
May I remind you, your DD here was - 200 points(on Futures) and the full Range box was about 300 points. Too much DD and too much of the box for "safe" trading. You will not be able to do this live.
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  • #77
  • Dec 1, 2025 4:35pm Dec 1, 2025 4:35pm
Quoting eadweardcap
Happy Thanksgiving everyone. Since today's U.S. markets will be closed and tomorrow I wont be on the computer, here are November's trades. {image} {image}
Impressive Did you create it yourself?
Wealthy
  • #78
  • Dec 1, 2025 4:44pm Dec 1, 2025 4:44pm
Quoting driven18
May I remind you, your DD here was - 200 points(on Futures) and the full Range box was about 300 points. Too much DD and too much of the box for "safe" trading. You will not be able to do this live. {image}
Depends.
  • #79
  • Dec 1, 2025 4:45pm Dec 1, 2025 4:45pm
Quoting djahidait
{quote} Impressive Did you create it yourself?
No, I bought the EA.
  • #80
  • Edited 5:36pm Dec 1, 2025 5:14pm | Edited 5:36pm
Quoting eadweardcap
{quote} Depends.
Right, it depends on positions size, but think about it and I am making the long story short....if you trading very small position, it is hard to make money with it. It is a balancing act. That is why it takes long time to get the grip on this business if one is to make a living with it.
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