Yep, you have guessed it, after the last few days, that have been absolutely brilliant, with some absolutely massive profits, it looks like it is now time for the cycle to turn and put us into the harder part of the cycle where we get a few small losses and some quieter times. We have all seen this many times before, so this should have come as no surprise to any of you !
This was reflected in the 3min ES which was a hard day and then gave us a losing TS4 sell, just before the market declined ! This is frustrating, but this is how trading unfolds sometimes in the real world.........
Losses can and do happen, it is your job as a professional trader to keep them small at just -1R. If you do this, then the profits (during the good parts of the cycle) will more than make up for these. This is what makes you money over time. Keeping the losses small and the profits large.
I hope this Blog is helping show you all how the markets unfold in the Real World, so you are all prepared and know what is happening on a daily basis.
Thanks, Steve
This was reflected in the 3min ES which was a hard day and then gave us a losing TS4 sell, just before the market declined ! This is frustrating, but this is how trading unfolds sometimes in the real world.........
Losses can and do happen, it is your job as a professional trader to keep them small at just -1R. If you do this, then the profits (during the good parts of the cycle) will more than make up for these. This is what makes you money over time. Keeping the losses small and the profits large.
I hope this Blog is helping show you all how the markets unfold in the Real World, so you are all prepared and know what is happening on a daily basis.
Thanks, Steve
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