Thanks, Mike!

Just one problem. A huge problem, actually.  You posted your trade on Thursday, April 10, 2025

                Re: E-Mini 500 4-10-25 Fake out?           

                           By mikempt - April 10, 2025, 10:55 a.m.            

  My system took a long position at 5340. l am nervous,shouldnt trafe from an iphone hile working on a septic tank

Your day trade then LOST a bunch of money, didn't it?

+++++++++++++

The chart you just showed us was for 1 day. Friday, April 11. 2025. If you had waited a day, then your day trade would have made money, right?  However, since you posted it in REAL TIME we got to see what REALLY happened instead of you waiting until the day after and posting it like you just tried to do. 

                Started by mikempt - April 12, 2025, 1:47 p.m.            

Please show us the chart for APRIL 10, 2025, when the market crashed lower in the early afternoon after you posted your long trade. Which brings up the question.

When you are getting crushed on a day trade like this, where do you put in your protective stop at to limit losses?
Thanks

metmike

I held the trade 

Where was your sell stop, on Thursday, Mike?

Please show us the chart from Thursday and where you got in.

You suffered thru a massive draw down and could have lost 10 times the amount you made if you didn't have a stop. 

None of your trades ever have stops and you only post trades AFTER the trade has passed. On this one, you DID post in real time. We appreciated that, Mike but you showed the WRONG DAY for when you entered the DAY trade.

Risk/reward and preserving capital are the #1 priority for all traders.

Mike,

Your system is a DAY trading system. Some days, it loses money. That's life. Nobody's system is perfect even good day trading systems like yours.

You use the opening range every day to determine the trade for that day by YOUR definition. 

Again, I will repeat for crystal clarity to others: YOU MUST LIMIT AND TAKE THOSE LOSSES at a predetermined point.

Turning a losing day trade into a position trade because of lack of discipline and emotions, getting married to a position has been the downfall of many good traders that violate their own systems or don't have stop loss points and discipline built into the system.

The way you Traded on Thursday, can wipe out most of an account in short order.

Again, a system with no capital preservation plans (in advance), stop loss points can wipe out most of an account real fast in an extremely volatile, news dominated market like this. 

+++++++++++++++

Mike,

I do appreciate you sharing with us. The objective here is to learn. Please Show us the chart for the day you got in, April 10th-Thursday and let's do an honest analysis. Thanks!