Video summary
The speaker, Rome, opens the video by addressing his recent failure to blow another Trading Paper account, admitting that he lost $120 in a single day after being stopped out of a trade despite the market moving against the trend. He explains that the account was closed because the balance dropped below the required threshold of $49,975, marking a significant setback for his trading journey. Rather than immediately purchasing a new account, he plans to wait until January 18th when his current subscription is set to renew, leaving it uncertain whether he will be granted a fresh account or if he must pay to buy a new one at that time.
Rome reflects on the specific technical errors that led to this loss, noting that while he had complex indicators like volume profile on his charts, they ultimately clouded his judgment and caused him to miss clear signals. He analyzes the market structure across different timeframes, pointing out that although the one-hour chart showed a close above a key high, the four-hour chart did not, suggesting a downward trend according to higher timeframe rules. He emphasizes that even with these clear patterns visible on three-minute and five-minute charts, he failed to execute properly because his mind was cluttered with too much data, leading him to mess up an otherwise straightforward trade involving a peak formation high.
Despite the financial loss and the frustration of starting from square one again, Rome maintains a positive outlook, acknowledging that he is human and still in the process of learning every day. He shares that while he had some successful trades earlier, the final mistake resulted in losing everything for the session, but he refuses to complain or give up on his goals. Looking ahead, he expresses confidence that 2026 will be his best year yet and encourages viewers to stay tuned as he continues to refine his skills and overcome these recurring challenges through consistent growth and improvement.
Read the full video transcript
It's Rome and I'm back with another
video. If you are not subscribed, do me
a favor and hit the subscribe button.
Also, don't forget to hit the thumbs up.
Let's see if we can get this video to
over 1,000 likes. As you guys can see,
if you watched the last video, you do
know that I just blew this account. The
jig is up. I lost $120 today. It is
over. So, we could not go under
$49,9725.
The balance they kicked me off. So, the
jig is up. And I almost had this trade
right here. So, I took I took this trade
from here. I was trying to go just to
this imbalance right there and this
little wick right here pulled back and I
got stopped out even though it's going
against the trend. Um, I should have
known. I think a lot of times I have too
much stuff on my charts. I do like the
volume profile and all that stuff, but
as it was something simple. This was a
peak formation high right there. Look at
it. Boom. Boom. Down. That was an easy
trade. But unfortunately, I messed it
up, guys. So, we are starting from
square one again. Um, I'm not going to
buy another account right now. Uh, I do
know they're supposed to renew on the
18th. So, I'm not sure. I'm going to
find out for you guys and let you guys
know. I'm not sure if they are actually
going to give me a new account on the
18th or I just have to pay the money and
buy a new account on the 18th. So, I'm
not sure. That's when it renews on
January 18th. So, I'll keep you guys
updated on that. But, I blew the
account, guys. So, I get caught up in
the mix, man. I don't really know what
happened. I had the volume profile on
there. I had all these different things.
And unfortunately, a lot of times it
clouds my judgment. and I tweet. Another
thing is this, right? Let's remove all
this stuff so you guys can see. So,
let's go ahead and get into it. Last
video we talked about the market
structure. Now, um this is the 4hour
chart as you guys can see. It's the
4hour chart and we did not close above
this high right here. This is the last
high right there where the red thing is.
This is the high right here. We did not
close above that. Since we didn't close
above that, we should be going down. But
I'm not sure because this is what
happens, right? This is what happened.
They always say about the higher time
frame, but I always seem to get things
confused with the higher time frame. We
did not close above that right here. But
on the 1 hour chart, we did close above
it. Went above it, we pulled back, we
went above it again, and then we pulled
back again. So on the hour chart, we did
close above it, but on 4hour chart, we
didn't. They always say the higher time
frame rules. So we did wick up there and
then we came back down inside the range.
Um, so I should have known and
unfortunately I blew the account. So
we're back to square one again, guys.
This right here is the low, but we
didn't close above this. So we could run
this low and close under here, then pull
back and then continue going down. But
I'm not sure because a lot of times I
know all this stuff and then when I get
to the chart, I mess up. As you guys can
see, I'm human just like everybody else.
I'm not a perfect trader. I'm still
learning dayto day. Um, I'm going to
continue to go and grow and get better
and better in due time. But um let me go
ahead and zoom back in on the 5minute
chart and show you guys this. We had
some uh major red news at 7:30 a.m.
which is 8:30 Eastern Standard Time.
Blast up. Boom. So I'm like maybe it's
going to pull back and keep going, but
it didn't. All it did was went up, made
a peak formation high, and then went
down. A lot of times my judgment get
clouded because I have too much stuff on
my charts. So we're just going to
continue to go and grow and get better
and better every day. Um, I also kind of
felt like I like the three-minute chart.
It was clear on the three-minute chart,
too. There's no excuse, guys. Look,
there is no excuse. I tweaked. I messed
up. I lost all that money yesterday,
came back today. Um, I had a couple good
trades and then I lost on that last
trade and end up losing everything. So,
we're back to square one, but it's all
good. We ain't complaining. We maintain
it again. 2026 is going to be the best
year we had yet. Um, I hope you guys
enjoy the video. Stay tuned and stick
around because you're going to see it go
down. You're going to see it go down.
Um, again, I appreciate all the love and
support and shout out to all the traders
out there. I'm sure you guys have went
through the same process I'm going
through currently where I keep on
messing up. It is what it is. I'm not
going to complain about it. I'm going to
maintain about it and you guys are going
to see me get better and better over
time. If you have any suggestions or any
pro tips that you can leave in the
comment section below. So, I hope you
guys enjoy the video. Again, I
appreciate all the love and support.
I'll see you guys on the next one.
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