Wednesday, 17 March 2010
Cyclical Nature of Trading...........
Later in the day yesterday the picture because a lot less clear as the 3min charts became choppy as they reached 15min resistance levels. This can and does happen. Too many amateur traders “assume” that everything is picture perfect each and every day. Real life trading is simply not like that. I describe it as driving in Fog. Sometimes the fog is dense and you can’t see, but sometimes it is clear and you can see well. Trading is the same, sometimes the pattern is clear and at other times it is not..... This is why “assuming” that you are going to make “x dollars” each and every day is wrong, because some days it will be easy and you have good profits, but then some days you will have losses, and other days will be hard with no trading...
This is the Cyclical Nature of Trading....
Something that all professional traders come to learn and understand. Once you do, then you can trade “in tune” with how the markets really unfold. Please read this PDF:
http://www.mtpredictor.com/support/documents/How%20Profits%20and%20loses%20unfold%20in%20the%20real%20world.pdf
Then you will have a better “expectation” of how Profits and Losses unfold in the real word
Thanks, Steve
This is the Cyclical Nature of Trading....
Something that all professional traders come to learn and understand. Once you do, then you can trade “in tune” with how the markets really unfold. Please read this PDF:
http://www.mtpredictor.com/support/documents/How%20Profits%20and%20loses%20unfold%20in%20the%20real%20world.pdf
Then you will have a better “expectation” of how Profits and Losses unfold in the real word
Thanks, Steve