Hi Everybody,
Again, I must stress how important it is to realize that losses can and will unfold in any trading. Too many Gurus just do not mention losses, and that annoys me. Anyway. After a couple of good “Gap Opening” plays over the last few days it was no surprise that one yesterday did not work, please see the chart to the right on the 3min NQ. But, and this is the important part, this loss was kept small at just -1R, which is small when compared to the Russell Gap open play of +6R Profit yesterday. This is the secret to successful trading, keeping the losses small (not avoiding them) and the profits large.
Otherwise, yesterday was a hard day on the US minis, which should come as no surprise, especially after such a brilliant few days recently. I hope you all remember the cyclical nature of trading :-)
Thanks
Steve
Again, I must stress how important it is to realize that losses can and will unfold in any trading. Too many Gurus just do not mention losses, and that annoys me. Anyway. After a couple of good “Gap Opening” plays over the last few days it was no surprise that one yesterday did not work, please see the chart to the right on the 3min NQ. But, and this is the important part, this loss was kept small at just -1R, which is small when compared to the Russell Gap open play of +6R Profit yesterday. This is the secret to successful trading, keeping the losses small (not avoiding them) and the profits large.
Otherwise, yesterday was a hard day on the US minis, which should come as no surprise, especially after such a brilliant few days recently. I hope you all remember the cyclical nature of trading :-)
Thanks
Steve
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