Nasdaq Day Trade Stopped Out! 🤔

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Nasdaq Day Trade Stopped Out! This is a day trade that I took on the Nasdaq where I got stopped out on. It looked like a great setup with a good risk/reward ratio and a good probability of success, I'm going to talk about the rules, the entry and the exit..etc I was looking for an evening drive (close at highs) but this trade demonstrates the importance of having a stop loss. OK.P
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[@bradkinsey8597]

Seeing how a professional goes through all his checks, takes the trade but is then stopped, helps me see how important it is to take your planned setups and ACCEPT THE RISK. We often see all the picture perfect trades becoming winners but hardly see the picture perfect trades getting stopped. Thanks Mark.

[@verissimomichael3967]

I have watched a large portion of your videos and recommended it to others. I appreciate the fact that you make your viewers aware it's not all rosy at all times. Stick to your tested strategy and game plan. it may fail one or two times but just stick to it. Good one there.

[@AndyJMacLeod]

Very disciplined. If you know your strategy has strong statistics behind it, then there’s no need to mess with the system... but, if it seems to be showing signs of plateauing in the last fifteen minutes as people take profit, I’d take the profit too...

[@matthewcobley125]

Good trade. NDX can be volatile as I found out on Friday when I was stopped out (I had moved my stop to break-even) only to see the market rally up again on AAPL and AMZN earnings! Actually, I didn't see the rally until I reviewed the trade yesterday, Friday night after last trade is chill out time! :)

[@dalamar6228]

Thank you for sharing this trade with us. We need to learn from the loses as well as the wins. Few trading channels share and explain the losing trades. 👍

[@Gamekeeper77]

Great portrayal of realtime analysis and active thought process employed in a live market. Highly useful, more like this please 👏👍

[@dantrader7430]

Hello Mark Great informative video of a real life trade example Keep up the great work

[@davidoconnor8224]

Excellent example of a good trade not necessarily being a winning trade. Thanks Mark!

[@johnk1639]

I always bring my stop to break even after it’s gone up 1x my risk. That way, you probably won’t get wicked out, and if the price drops below my entry point I can decide if I want to get back in at a lower price, or flip short if it looks like it’s going to trend down. I know a lot of people do 2:1 all or nothing, and that’s cool if you just set it and forget it, but I like to manage my trades closely when I’m in them to minimize risk and optimize profit. Once I get 2:1, I move my stop up pivot by pivot.

[@iliovininino]

8:53 that would be the very first thing that everyone should be told in the beginning of the path.

[@smacpost3]

I understand why you bailed on this one, because you just never know where it'll go, especially overnight. Better to take a small loss that wake up the next morning devastated. Did you notice that the volume profile is increasing during the pull-back you traded? If I had seen that (no guarantee I would have) it would have been a warning signal for me. Thanks for sharing Mark, we learn so much from our (and others') mistakes.

[@darthrosh5223]

Whilst a lot can be learnt from losing trades.. it brings some comfort knowing and seeing top dawgs like Mark also make mistakes.. Love your videos. Thanks for sharing

[@darrynbrandt5903]

Arrgh Mark this literally happened to me as well, i'm so annoyed I didn't check my daily timeframe to see that price broke out of consolidation, and friday was a retest of previous zone before continuation...

[@agb3064]

Anything can happen in the last 15 minutes of trading. So, I always close all positions at 8.45.

[@sommi888]

🧡💛💚💙 WE LOVE THESE VIDEOS MARK. Theyre really engaging! 🧡💛💚💙

[@TheNj109]

I wish I had a friend like you. You are a fanatic in what you do.

[@hypergamy5901]

These videos of actual real world trading are worth 100x the garbage other people post, you know 'this is how my system would have worked with hindsight bias on this pre-selected chart that makes me look good'. Keep on keeping it real.

[@sahar1usa]

I love your videos and the fact that you share your strategy with us. However I m looking at QQQ on Sunday and closed at 265 on friday ( I understand that UK is ahead of US) but am i missing something?

[@sahar1usa]

I was going to take AAPL but i just couldn't convince myself, the jumps are not in sync with technical analysis.

[@DavidSkerritt]

I scalp the ES and have a trading plan rule that I will never be in a trade in the last 15 minutes before the close. I've seen too many times where it can be very volatile and patterns can be unreliable in the last 15 minutes as swing traders and algorithms that have been holding all day close out positions before the close. There is a slogan, "risk happens fast", and that applies especially in the last 10-15 minutes before the close.

[@Avital4414]

Agreed, but please tell: when are moved NOT sudden and unpredictable?

[@iantrask]

Brilliant videos. Indebted to you. I am already better!

[@rippedlikrambo1]

Thanks

[@lcarltbmx6743]

More of these trade videos wouldbe great

[@danielmanahan692]

Why can't you trade the QQQ over the close? you said it is the QQQ and yo can't trade it over the close. can you explain that comment?

[@larrygray5846]

Here in the US, at least with some brokers, you can trade many ETFs, including QQQ, 24/5.

[@LtW00dy]

can't win every time. good learning, thanks for sharing it. Your trading course is awesome btw, I'm halfway through.

[@BlackJesus8463]

That late intraday gap-up would have me triggered!

[@harshshah6356]

All trade teach us something 🙏

[@murtd3268]

Alot who traded bitcion got stopped out last night

[@hayleyb6257]

So if I bet £100 on forex to go up and I was right what would be a typical return? Is it with stakes such as ten to one?

[@johnnicholson6571]

Hi Mark, why did you trade the ETF? Most spreadbetting platforms I've seen have their own nasdaq market which usually requires lower margin and tighter spread? Thanks!

[@Avital4414]

I like your videos but your logic here strikes me as random. How did you arrive at your take-profit target? I do similar trades, but I feel like when I do it’s a shot in the dark. I’m afraid there is too much random walking in the market to permit successful trading.

[@zutshi7583]

If you are not trading the day high break you should always cover everything on days high. The market will not break days high in one go and you will have ample of time to re enter if there is a trade .This is true specially for indices. You can back test this. PS: I know he is an expert. I have been following him from past 2 years.

[@hayleyb6257]

Im new, what is spread betting? You say its tax free too, is this a form of stocks trading?

[@ukspreadbetting]

It is a form of trading relevant mainly to UK traders. Works very much like CFDs which are available in Europe/Australia..etc Check kzbin.infosearch?query=what+is+spread+betting

[@wave8359]

ok---BUT---why not show the stop-loss line---or is that the black line shown??--If not, what IS the black line?--a moving average? Instead of so much wordiness, a simple description of what is shown would have been more useful. Usually, I find no fault with any of Mark's stuff---just in this case, a brief explication of the chart itself (and the all-important stop-loss ) would have helped a lot. Thanks--as ever---anyway.

[@larrygray5846]

The black line is the VWAP. Should be available on most trading platforms.

[@sk1789_]

He said he put the stop loss below the recent lows of the bull flags. The line is the vwap

[@stormtraders]

You should have taken half off at the high since you had 2r or 3r. It took half an hour to get there. Atleast it should have been a breakeven trade. Bit sloppy

[@falopio67]

too extended atr

[@BankRoller420]

Do you Trade for a living or its just a side gig?

[@ukspreadbetting]

We are on it full-time but that includes what we do on youtube..etc In general we recommend traders to have some other income as well if possible apart from trading to reduce the pressure and have something to fall back on when times are tough.

[@angelaablett]

Good trade; Flawed plan