Scrapbook
Re: Scrapbook
There are good short term traders and good long term traders. A few can do both well. You can’t position yourself as a long term trader on Up days and then get shaken out on down days. Pick one or the other or the market will pick you apart.
Jesus saves. Moses invest.
Re: Scrapbook
I do NOT believe that charts accurately predict the future. Charts are useful for:
1. Showing where prices have been
2. Indicating the path of least resistance
3. Alerting traders to asymmetrical reward-to-risk set ups
Peter Brandt
Jesus saves. Moses invest.
Re: Scrapbook
A few things to have re-emphasized:
A consistent, disciplined process can reap major rewards
Markets can do anything at any time
Overthinking it can be costly
Waiting for the "perfect entry" can be costly - that's what stops are for, to give trades room to work.
Jesus saves. Moses invest.
Re: Scrapbook
Only when I finally decided to take the time to review all my past trades, did I finally discovered the mistakes I was doing, again and again, the truth about my trading.
It's the day I finally started to see the light at the end of the tunnel.
Jesus saves. Moses invest.
Re: Scrapbook
Opinions, even my own, mean absolutely nothing. Let the markets act and then react. All opinions do is create bias which results in reluctance to react when the trade moves in the opposite direction. Once you understand this, you will truly understand trading.
Jesus saves. Moses invest.
Re: Scrapbook
Breakouts in the direction of the trend. For years I complicated trading until I finally realized that simple works. Simple also exerts the minimum amount of emotional capital and makes emotions easier to control.
Jesus saves. Moses invest.
Re: Scrapbook
Sometimes there is a void in good setups and it’s hard to sit still, but overtrading never leads to good trading.
Jesus saves. Moses invest.