Wednesday 7 April 2010

Now a good day !


Hi Everybody.....

This is why I talk so much about the Cyclical Nature of Trading............ After a few hard days, we then got a good day with a nice Profit on the 3min YM yesterday............. Trading goes in cycles, and too many amateurs just give up after they have had a few hard day, when in reality, this is usually just before a great day, when good Profits can be made......

Here we had a -1R loss, then a nice +3.2R Profit (ignoring slippage and commission) before a small profit into the close........... But overall a good an profitable day on the 3min YM

Thanks, Steve

PS, Advanced traders could have done even better, please see the Advanced Thread.....