OK, now we know that the trend was up let’s take a look at the buys on the 3min ES.
The day did not start well with 2 -1R losses. As all professional traders know, losses can and do happen, but the trick is keeping them small.
Then we got a lovely (more on this later) DP buy that nailed the low of the day. With the STF strong, standard traders would have swapped to the ATRStop, which help the long trade into the close for a nice +3R Profit (ignoring slippage and commission)
But do you all see the important point here, even with two losses you make money overall, because the losses were kept small at just -1R each and the profit was much larger than this at +3R. This is the trick to successful trading – keeping the losses small and Profits larger, and that is what MTPredictor does for you :)
Thanks, Steve
The day did not start well with 2 -1R losses. As all professional traders know, losses can and do happen, but the trick is keeping them small.
Then we got a lovely (more on this later) DP buy that nailed the low of the day. With the STF strong, standard traders would have swapped to the ATRStop, which help the long trade into the close for a nice +3R Profit (ignoring slippage and commission)
But do you all see the important point here, even with two losses you make money overall, because the losses were kept small at just -1R each and the profit was much larger than this at +3R. This is the trick to successful trading – keeping the losses small and Profits larger, and that is what MTPredictor does for you :)
Thanks, Steve
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