Hi Everybody,
The Cyclical Nature of Trading is an amazing thing. After a very hard day earlier in the week, where we had 3 loses back to back, a series ifo losses that would have got many amateur Traders stopping or doubting themselves. But juts look how MTPredictor has bounced back, with +2.5R Profit on Tuesday on the 3min ES and now another brilliant trade yesterday – a TS4 buy that nailed the very of the day for you – brilliant !!
This TS4 buy was a standard setups, where the STF was blue. Profits were taken at the first target as the STF was weak as the markets reached the zone. The result, a nice +3.6R Profit (ignoring slippage and commission.
As I say, add that to the +2.5R Profit from the day before, and the -0.6R Loss from one day earlier looks very small indeed. This is why it is so important to keep the losses small, as even after 3 losses (-3R loss) then next three trades made approx (+2.4R +2.5R +3.6R) +8.5R far far higher than the -3R loss. This is the true key to successful trading, keeping the losses small, then how MTPredictor will maximise your Profits....
The last few days have been an absolutely brilliant example of this and one I hope you all remember........
Steve
PS, it would have been nice to catch the DP sell, that nailed the high of the day, so please turn over to the Advanced Blog.
The Cyclical Nature of Trading is an amazing thing. After a very hard day earlier in the week, where we had 3 loses back to back, a series ifo losses that would have got many amateur Traders stopping or doubting themselves. But juts look how MTPredictor has bounced back, with +2.5R Profit on Tuesday on the 3min ES and now another brilliant trade yesterday – a TS4 buy that nailed the very of the day for you – brilliant !!
This TS4 buy was a standard setups, where the STF was blue. Profits were taken at the first target as the STF was weak as the markets reached the zone. The result, a nice +3.6R Profit (ignoring slippage and commission.
As I say, add that to the +2.5R Profit from the day before, and the -0.6R Loss from one day earlier looks very small indeed. This is why it is so important to keep the losses small, as even after 3 losses (-3R loss) then next three trades made approx (+2.4R +2.5R +3.6R) +8.5R far far higher than the -3R loss. This is the true key to successful trading, keeping the losses small, then how MTPredictor will maximise your Profits....
The last few days have been an absolutely brilliant example of this and one I hope you all remember........
Steve
PS, it would have been nice to catch the DP sell, that nailed the high of the day, so please turn over to the Advanced Blog.
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