Hi Everybody
Yesterday was a perfect example of how easier trading can be, when you wait for a “clear and obvious” setup. Many amateur traders fall down because they want to trade every day, in other words, they tray and “force” trades when the picture is unclear. This leads to confusion and losses. I have always said that it is much better having the patience and discipline to wait and then only trade the “clearest and most obvious” setups. And yesterday was a brilliant example of this
First the 15min trend was nice and clear on this 15min Chart because we had just started to rally off 15minm DP support. Therefore the trend was not clearly up.
So the old phase “when in doubt stay out” is very good advice, and a lesson most amateur traders could learn from. Trade less and only trade when the picture is clear, that is what professional traders do...
Thanks, Steve
Yesterday was a perfect example of how easier trading can be, when you wait for a “clear and obvious” setup. Many amateur traders fall down because they want to trade every day, in other words, they tray and “force” trades when the picture is unclear. This leads to confusion and losses. I have always said that it is much better having the patience and discipline to wait and then only trade the “clearest and most obvious” setups. And yesterday was a brilliant example of this
First the 15min trend was nice and clear on this 15min Chart because we had just started to rally off 15minm DP support. Therefore the trend was not clearly up.
So the old phase “when in doubt stay out” is very good advice, and a lesson most amateur traders could learn from. Trade less and only trade when the picture is clear, that is what professional traders do...
Thanks, Steve
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