Hi Everybody,
A quiet day yesterday on the US e-minis, where the markets basically moving sideways. This happens and is all down to the Cyclical Nature of Trading. Something you should all know very well by now, where markets go though cycles of good (and profitable) times, which are followed by quieter times (where we are now) before the good times come back again. So having a quiet day is to be expected.
Nevertheless, the 3min ES did give us a couple of trades yesterday, a -1R loss, followed by a +2.6R Profit (ignoring slippage and commission).
Again you must not “except” to get big profits each and every day, the markets simple do not work like that. There will be big days, but equally well, there will also be quiet days as well. That is why we always look at trading over a longer period of time, like a whole month.
Thanks
Steve
A quiet day yesterday on the US e-minis, where the markets basically moving sideways. This happens and is all down to the Cyclical Nature of Trading. Something you should all know very well by now, where markets go though cycles of good (and profitable) times, which are followed by quieter times (where we are now) before the good times come back again. So having a quiet day is to be expected.
Nevertheless, the 3min ES did give us a couple of trades yesterday, a -1R loss, followed by a +2.6R Profit (ignoring slippage and commission).
Again you must not “except” to get big profits each and every day, the markets simple do not work like that. There will be big days, but equally well, there will also be quiet days as well. That is why we always look at trading over a longer period of time, like a whole month.
Thanks
Steve
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