Hi Everybody,
Yesterday was a great example of how sometimes trading can be hard. As you can see on this 3min YM chart, the markets just moved sideways in a very narrow range yesterday, as such trading would have been hard. MTPredictor did well, with a -1R loss, which was follow by a small +1.2R Profit (ignoring slippage and commission) at the end of the day. But whichever way you look at it, yesterday was a hard day.
Most trading Gurus and software companies never tell you about days like this. This is because they are not professional traders so do not understand how market unfold in the “real-world”. There will be hard days, and quiet days as well as the good (profitable) days. This is just how markets unfold, they go in cycles, something I call “The Cyclical Nature of Trading”.
This is why expecting to make money every day is simply wrong, and if you hear of a system that promises to make X dollars a day, then you know that they have no practical experience in the real world.
This is why I always talk about the hard times as well as the good times, to make sure you are all prepared to tackle the markets how they “really” unfold....
Thanks, Steve
Yesterday was a great example of how sometimes trading can be hard. As you can see on this 3min YM chart, the markets just moved sideways in a very narrow range yesterday, as such trading would have been hard. MTPredictor did well, with a -1R loss, which was follow by a small +1.2R Profit (ignoring slippage and commission) at the end of the day. But whichever way you look at it, yesterday was a hard day.
Most trading Gurus and software companies never tell you about days like this. This is because they are not professional traders so do not understand how market unfold in the “real-world”. There will be hard days, and quiet days as well as the good (profitable) days. This is just how markets unfold, they go in cycles, something I call “The Cyclical Nature of Trading”.
This is why expecting to make money every day is simply wrong, and if you hear of a system that promises to make X dollars a day, then you know that they have no practical experience in the real world.
This is why I always talk about the hard times as well as the good times, to make sure you are all prepared to tackle the markets how they “really” unfold....
Thanks, Steve
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