================== Well good questions N War. [1] What do these seller know that i dont,,you say; Well some of them study trends.5 minute candles are noise, i said trends, not noise.Even Don Bright trading doesnt like 5 minute candle charts!!!!! [2] Most trade 2 big[position size; which is a KILLER WHALE TRAINWRECK%%%%%%%%%%%%%%%%%%%%%%% [3]Weekly charts monthly candlecharts can be some clues; for profitable trends. [4] I SEEEEEEEEEEEEEEEEEEEEE part of yopu personality is like mine[THINKER]This stuff is NOt rocket science. YES i know that book,LOL.Dont over think it; HAND record data, as much as you can or even all of it. Rich Dennis [ Big TIME turtle]said [to Jack Schwager]what do you do when you [a turtle] find out Rich Dennis is selling?????????????????????????????? The correct answer IS YOU DO NOT SELL;; you do what your research says.Thats the right answer%%%%%%%%%%%%%%%%%%%%%%% Wisdom is profitable to direcct.
Sometimes i have been in this trap and missed most of the potential trades, but now i have fixed to myself that i would be trading at the predetermined level and set the sl at correct level and ready to accept the either.
I definitely agree with this. If you're successful in calling tops and bottoms, then it is a money management issue when afraid to pull the trigger. Consistently pull the trigger with a smaller amount and see if that helps ease the transition. After a few losers/winners you'll see that one trade won't make a difference in the overall scheme if risk is managed in a smart way.