OK, here is the 3min ES chart.
As you can see, the market just meandered higher (just as the 15min Chart suggested), but (and this is the important part) there were no abc corrections off which we could have got long.
Amateur traders simply do not understand that you need not trade every day to be successful. They see a move, then want to be in it, with no regard to risk or discipline. This is why amateurs fail. Successful trading is all risk control and having the patience and discipline to follow your plan and wait for the ideal setup. And some days that does not unfold.
So again, it is days like this that build the patience and disciple that is vital if you wish to succeed and become a professional trader....
Steve
As you can see, the market just meandered higher (just as the 15min Chart suggested), but (and this is the important part) there were no abc corrections off which we could have got long.
Amateur traders simply do not understand that you need not trade every day to be successful. They see a move, then want to be in it, with no regard to risk or discipline. This is why amateurs fail. Successful trading is all risk control and having the patience and discipline to follow your plan and wait for the ideal setup. And some days that does not unfold.
So again, it is days like this that build the patience and disciple that is vital if you wish to succeed and become a professional trader....
Steve
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