Unusually, the best trades yesterday on the 3min NQ were “against” the larger degree trend. This is rare but as long as they are managed more aggressively, they can still be nicely profitable. For example a nice +4R Profit later in the day on this TS3 sell.
Normally the best trades are “with” the larger degree trend, but the market does not always work perfectly in the way we want. The idea of “knowing” the larger degree tend is helping you be more aggressive or not in your trade management.
Amateurs expect the markets to work 100% as they expect, the truth is a long way from this. Successful trading is about risk control and trade management, and not trying to “predict” the future, the market will always be right, we will not, so it is better looking at what we can control, and that is our initial risks and trade management. This is what professional traders focus on, what they can control and not worrying about what they cannot :-)
Thanks, Steve
Normally the best trades are “with” the larger degree trend, but the market does not always work perfectly in the way we want. The idea of “knowing” the larger degree tend is helping you be more aggressive or not in your trade management.
Amateurs expect the markets to work 100% as they expect, the truth is a long way from this. Successful trading is about risk control and trade management, and not trying to “predict” the future, the market will always be right, we will not, so it is better looking at what we can control, and that is our initial risks and trade management. This is what professional traders focus on, what they can control and not worrying about what they cannot :-)
Thanks, Steve
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