Hi Everybody,
Something that many amateur traders cannot understand is why a loss can unfold, when everything appears to fall into place perfectly (?). Well, welcome to the real-world, that is why trading is called “speculation” as all we are doing is speculating on a probable future outcome. And probabilities are never 100%. So yes, losses can and do unfold, anybody who tells you otherwise is not a professional trader......
Here is a good example: where yesterday the 15min YM looked to be setting up for a TS1 sell, so we “assumed at the time” that the larger degree trend was down, so were on the lookout for shorter-term sell setups.
OK, onto the 5min NQ chart.
Thanks, Steve
Something that many amateur traders cannot understand is why a loss can unfold, when everything appears to fall into place perfectly (?). Well, welcome to the real-world, that is why trading is called “speculation” as all we are doing is speculating on a probable future outcome. And probabilities are never 100%. So yes, losses can and do unfold, anybody who tells you otherwise is not a professional trader......
Here is a good example: where yesterday the 15min YM looked to be setting up for a TS1 sell, so we “assumed at the time” that the larger degree trend was down, so were on the lookout for shorter-term sell setups.
OK, onto the 5min NQ chart.
Thanks, Steve
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