Hi Everybody,
Yesterday was a good example of why you need Patience as well as Discipline when trading. Yesterday the markets were very quiet for most of the day with the 3min ES just drifting lower slowly. However, the ES gave two sells signals later in the day, the first for a -1R loss, but the second was for a +2.9R Profit (ignoring slippage and commission).
AS always, the Profits was much larger than the losses, therefore making money overall.
So the lesson here is even though it may be quiet, all “day traders” must be there for the whole day as you never know when the profits will arrive.....
Thanks, Steve
Yesterday was a good example of why you need Patience as well as Discipline when trading. Yesterday the markets were very quiet for most of the day with the 3min ES just drifting lower slowly. However, the ES gave two sells signals later in the day, the first for a -1R loss, but the second was for a +2.9R Profit (ignoring slippage and commission).
AS always, the Profits was much larger than the losses, therefore making money overall.
So the lesson here is even though it may be quiet, all “day traders” must be there for the whole day as you never know when the profits will arrive.....
Thanks, Steve
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