Today is Tuesday and currently as I see it in the charts, price is in a bullish trend. I will not fight the trend and think what SHOULD happen, but will just trade what the chart says. I see higher prices in the future and so will take buys as I see them.
One of my main problems is a trader is escaping the NOW and projecting what I THINK will happen instead of just trading WHAT IS. I see prices move up, I think "Too expensive, I must short" What is "Too Expensive?"
Tuesday I will just wait for buy setups. I will use a 1.75 risk to reward target plus 1 tick for commissions. I will raise my stops by 1 tick as well to pay for commissions on my losers.
1-3 ticks saved on each loser equals roughly 2R over 20 trades
One of my main problems is a trader is escaping the NOW and projecting what I THINK will happen instead of just trading WHAT IS. I see prices move up, I think "Too expensive, I must short" What is "Too Expensive?"
Tuesday I will just wait for buy setups. I will use a 1.75 risk to reward target plus 1 tick for commissions. I will raise my stops by 1 tick as well to pay for commissions on my losers.
1-3 ticks saved on each loser equals roughly 2R over 20 trades
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.