Hi Everybody,
Well we are defiantly in the hard part of the cycle at the moment. As you all know, the markets go round between the good times (profitable trades) and quieter times when a few losses unfold. I call this the Cyclical Nature of Trading. As after a few very good days earlier in the week, we are now having a few losses come though. But (and this is the trick) these losses are kept small at just -1R. If you remember, earlier in the week we had a +10R day, so these losses are small when compared to the profits. This is just the natural way profits and losses unfold when trading....
But it was not all hard work yesterday, please take a look at the Advanced Blog, for a look at a lovely “Gap Opening” play on the ES that made a nice +6R Profit (ignoring slippage and commission).
Thanks, Steve
Well we are defiantly in the hard part of the cycle at the moment. As you all know, the markets go round between the good times (profitable trades) and quieter times when a few losses unfold. I call this the Cyclical Nature of Trading. As after a few very good days earlier in the week, we are now having a few losses come though. But (and this is the trick) these losses are kept small at just -1R. If you remember, earlier in the week we had a +10R day, so these losses are small when compared to the profits. This is just the natural way profits and losses unfold when trading....
But it was not all hard work yesterday, please take a look at the Advanced Blog, for a look at a lovely “Gap Opening” play on the ES that made a nice +6R Profit (ignoring slippage and commission).
Thanks, Steve
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