Hi Everybody,
Isn’t the Cyclical Nature of Trading amazing... After a horrible choppy and sideways day on Monday, we get a nice TS4 buy on the 3min YM yesterday (Tuesday). As you can see (using the standard trade management guidelines) this made a nice +3.5R Profit (ignoring slippage and commission) at the first projected target. Although this was not a huge profit, it was a profit.............
But the reason I mention the Cyclical Nature of Trading is that we are now overdue for some nice good and big profits. We have had a period of frustration when the markets have been tricky, and it is typically now that most amateurs get frustrated and give up. BUT, as we have seen so many times before, it is now that the best trades unfold.
A wise old Chinese proverb says “it is darkest just before dawn”, meaning, just when the amateur traders give up, is when the good trades come through. This is why I talk so much about the Cyclical Nature of Trading so you all understand how markets really unfold, and why you should not get frustrated just because the market has had a few hard and quiet days.............
So let’s see how the next few days unfold......
Steve
Isn’t the Cyclical Nature of Trading amazing... After a horrible choppy and sideways day on Monday, we get a nice TS4 buy on the 3min YM yesterday (Tuesday). As you can see (using the standard trade management guidelines) this made a nice +3.5R Profit (ignoring slippage and commission) at the first projected target. Although this was not a huge profit, it was a profit.............
But the reason I mention the Cyclical Nature of Trading is that we are now overdue for some nice good and big profits. We have had a period of frustration when the markets have been tricky, and it is typically now that most amateurs get frustrated and give up. BUT, as we have seen so many times before, it is now that the best trades unfold.
A wise old Chinese proverb says “it is darkest just before dawn”, meaning, just when the amateur traders give up, is when the good trades come through. This is why I talk so much about the Cyclical Nature of Trading so you all understand how markets really unfold, and why you should not get frustrated just because the market has had a few hard and quiet days.............
So let’s see how the next few days unfold......
Steve
Posts
