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Just received my latest payout, and I wanted to share a little about my strategy. My main tools are support and resistance and Volume Profile, which I use as a confirmation. For example, if price is going down, I mark my support zones, and if a support zone aligns with a declining point on the Volume Profile, I mark that zone as an area of interest. Then I wait for price to reach the zone. I dont usually wait for further confirmation and often buy directly, but if price seems to be dropping too fast or just doesn’t feel right, I wont take the trade. I use a static 1:1 risk to reward because it feels consistent and manageable. Some tips for others: if your unsure about a trade, dont take it. This has saved me a lot. I once had a 16-trade winning streak simply by being patient. Sure, I lost it the next day, but patience matters. I havent explained my entire strategy in detail, but the main point is that it’s simple. Pattern recognition plays a huge role. For instance, when price breaks a structure and the trend changes, then pulls back, that’s when I feel strongest. Im good at predicting whether price will pull back again or continue down, but there are scenarios Im bad at “predicting” so you have to know what you know and what you don’t know. My risk varies depending on how much time I have to trade: usually high at 0.5% and sometimes low at 0.2%. YOU NEED TO KNOW WHAT YOU DONT KNOW AND KNOW WHAT YOU KNOW. Trading will never be my full-time job because it’s too stressful. I might make money now, but the market is dynamic, and that may not last in two years. Journaling, in my opinion, is overrated. It’s fine to write down when you took a trade to keep track of things, but writing down why you took it and how you felt is unnecessary. The trade you took two hours ago will never repeat itself exactly, so acting like it will is pointless. The market is always changing. If trading NQ or Forex feels too chaotic, switching to stocks can be better they are slower, more predictable, and honestly more fun. The market is affected daily by news we can’t know in advance, so it’s a rollercoaster. Volume Profile is a game changer, but never use TradingViews version. Stick to tick Volume Profile from regulated exchanges. Also, avoid trading around the POC or the “next” POC if that makes sense. Wyckoff logic works very well here and helps make sense of price action in relation to Volume Profile. When i mark my volume profile i just zoom out and mark the most obvious block of action. submitted by /u/Lionett72 to r/Daytrading |