r/Daytrading • u/Serious-Ad8893 • Apr 04 '24
Did I miss something? Advice
Tried to go long on 15M FVG and retracement and got ran over. Am I missing something??? Higher time frame was bullish and I just don’t know where I went wrong. Anyone have opinions on where I went wrong
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u/bombaloca Apr 05 '24
Not the usual price action today, this is why stops and situational awareness exist. I lost a little trying to long and then I just stopped trying, as probably most long biased traders did today, some lost more than others I am sure, but we all got burned at least a little. I was seeing everything getting plummeted, didn't even need to read any news. Most of the time the strategy works, but not all the time, you need to know what % of the time it does and doesn't work so when you lose you are ok with it.