3min NQ - losses

Hi Everybody,

In this post I just wanted to remind you that even the Advanced Techniques can make losing trades at times.

Normally I suggest that when the larger degree trend is uncertain or you are against the larger degree trend the Advanced Traders among you can protect against losses by moving your protective stop to break-even quicker (by using the 100% initial risk level). But sometimes this is not quick enough and a -1R can result. Please see this example from Friday on the 3mon NQ.

It is important to understand (and for me to show) that losses can and do unfold in any trading. Too many Gurus and software vendors never show losses, which just distorts what it means to be a professional trader. Losses can and do happen, the trick is keeping them small, as just -1R

Thanks

Steve

The power of the DP

Hi Everybody,

This post show how powerful the DP’s can be at times. Here the DP’s nailed both the high and low of the day on the NQ on Friday...................

Thanks

Steve