What a brilliant day !

Later in the day we had a automatic TS1 sell (on a red STF) that caught the last decline into the low of the day. This added another +3.8R Profit )ignoring slippage and commission).

What a brilliant day – with approx +10R Profit and all in just one day. This is why I keep talking about the Cyclical Nature of Trading, because it is days like this that will clear all those small -1R trades and put you back onto Profit. This is why it is so important keeping the losses small when they unfold. As Big Profitable days like this will then wipe out all these small losses and make money for you overall.

What a brilliant day ! Thanks, Steve

PS, but it did not stop there, see the Advanced Blog...........

What a brilliant day !

Hi Everybody,

As you all know, trading goes in cycles, this is what I call the Cyclical Nature of Trading. The Standard Traders among you have had a hard time recently, but that all changed on Friday, when we had some brilliant standard and automatic trades on the 3min YM.

Let’s start with the TS4 sell at 12:24EST. This nailed the high perfectly, just before the YM declined sharply. Even at the DP target there was approx +6.4R Profit (ignoring slippage and commission). What brilliant start to the day, but it did not stop there ! See the next post.

Thanks, Steve