Missed: Day 1 I missed one of the best trading days ever.. I left +200 pts on the table. Just thinking about it makes me sad.. I am a grinder.. I cannot miss trading days.
After about 12-14 days of "left too much on the table" I decided that day would be the day I take them all off. coincidentally that day market decided to run straight off to the other direction, all my hard works and then some disappeared in a flash. Now I no longer care if I "left to much on the table"
There are no missed days in trading There are only lack of information/knowledge to satisfactory predict near term movements which are 100% predictable. One should know what the market/instrument MIGHT do tomorrow , <b>today.</b> If you do not know, you have not / can not prepare. Opportunity + preparation = Success. Opportunity + blindfolded = "Another missed +200 point opportunity" Understand this and you will have stepped your game to the next level.
One should classify the next day as: 1) TREND 2) CHOP 3) Why is it going to trend/chop 4) Important Range High And Low for CHOP. 5) Breakout high or Breakout low for TREND And trade accordingly
Actually Ripley, I forgot you are a scalper, hehehe Disregard the comment, I get confused which traders do what
Ksonsinc.. thanks for the comments man.. at least 1/4th of it is GOOD. Because I am a really short term trader, 2 days of missing action feels like an eternity.