Kind of a think out loud thread. Reminders, tips etc Mine: - trade less often, be more selective - focus on gappers and 2dh charts - trade more size with great charts, eg I did well with HTZ SQQQ Friday but undertraded them - price action and trade management is all that matters, not headlines or my opinions
Realized that 4 losing trading days in a row was completely normal, once I reviewed the day-by-day results of my trading system. Helped me have the confidence to stick to my trading plan.
I make consistent money scalping and ignoring risk to reward. Trade 2 instruments at the same time. Document in spreadsheet how much the trade would have made after I exit. After a loss, keep on trading.
Never trade during divorces or when a hot girlfriend wont stop caressing you while your trading RH Mob stocks. How can I focus when she’s being silly? Pros like Ken have learned to handle many instruments at once while trading, still learning here
Depends on what they are turned on by........if it is you working, do like i have done and start buying and selling small priced stocks for 1 share. IBKR has a verbal confirmation so it sounds like a really busy and important trader while she gets frisky. Works the other way too. I'm busy!
and in rhymes trend should be friend but when it overextend could be time to mend or will be your end
firstly if a up bar is printed then if there is a pb........and the previous high is taken out then you have a trend.........if the previous high is not taken out....... then that trend has failed.. that is all you have to see to trade.... so if you have the above market structure you can assume it will continue as long as a low or the swing low is not taken out.......as long as a low is not taken out you may trade in that direction so choose a trend and trade it.......you can only trade a trend.....there are no reversal trades.....only cars have a reverse gear