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NASDAQ Nomad is a whimsical journey through the ups and downs of trading NASDAQ futures. This journal captures the daily adventures, unexpected turns, and invaluable lessons learned on the road to mastering the market. Follow the NASDAQ Nomad as they navigate the ever-changing landscape of tech stocks, exploring new strategies, encountering challenges, and celebrating victories along the way. Whether you're a fellow trader or just curious about the world of NASDAQ futures, this journal offers a unique and entertaining glimpse into the life of a market wanderer.
Time to face my fears and trade this bad boy! I am excited and energized to learn and grow daily.
Can you help answer these questions from other members on NexusFi?
Today I found myself holding winning trades to long in hopes they would turn into to huge winners and they both came back to breakeven for a slightly red day,
3 Trades total
2 breakeven
1 Stopped out -30 Points
Nasdaq Nomad Day 2
Today I found myself hunting for a reversal after the big dump in the morning, and picking bottoms is a expensive habit I must say.
All losing trades today
mostly because I did not go short until the exact perfect time to go long.
I did have a slight breakthrough today as I finally retired the 1 minute chart in favor of the 5 Minute chart.
My daily goal is to take the best trades not to take the most trades. The 5 minute chart lets me do that.
-125 points today
Nasdaq Nomad Day 3
Today I felt much less anxious trading the 5 minute chart, however am very greedy with profit targets.
I allowed 3 separate 60 point winning trades to turn into breakeven trades.
The positives of that is I identified 3 times where the market turned very favorably in my direction
The negative is the market is not about what you think will happen it is about how much capital you can capture when you are right.
Overall moving to the 5 Min chart was certainly the correct choice Nasdaq Nomad Day 3
Have you thought about taking partial profit on a winning trade?
If you track your trades over the last few weeks, what would your profits look like if you scaled out 50% at about 50-60 points versus holding on for a big move?
Well today was set up for a great end of day reversal that i hunted effortlessly to no success took 3 stabs at it with such a extended range on the ATR (10) NADA.
However I am proud of myself did not revenge trade did not think market was out to get me and my losses fell well within my risk limit,
Trading reversals is tough work but I do realize because of the higher payout potential the probability drops dramatically.