Hi Everybody,
For the Standard Traders among you, it was a hard day on the US indices. Yes hard days do happen, this is just part of the Natural Cyclical Nature of Trading. But, was there a way to avoid some of these losses ?
Yes, but it did mean using the 15min Charts for trend (rather than the STF), so this did require a slightly higher level of experience over and above the basic standard trade management guidelines. This is why I spend so much time on this Blog, trying to educate you all to become better traders, because I know that to get the most from trading takes experience and hard work. But (as we will see on the Advanced Blog), this hard work is defiantly worth it .....
Thanks, Steve
For the Standard Traders among you, it was a hard day on the US indices. Yes hard days do happen, this is just part of the Natural Cyclical Nature of Trading. But, was there a way to avoid some of these losses ?
Yes, but it did mean using the 15min Charts for trend (rather than the STF), so this did require a slightly higher level of experience over and above the basic standard trade management guidelines. This is why I spend so much time on this Blog, trying to educate you all to become better traders, because I know that to get the most from trading takes experience and hard work. But (as we will see on the Advanced Blog), this hard work is defiantly worth it .....
Thanks, Steve
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