An interesting postal service from Implicit Trading takes a hold back at a interrogation that is also rarely posed: When is at that spot *not* chance for your trading style?
A picayune piece back, I conducted a review of my greatest winning together with losing trades. What I flora was that the winning trades, though intraday, tended to ride weakness that showed upwardly hateful solar daytime over day, peculiarly amidst "overbought" markets together with pull that manifested hateful solar daytime over hateful solar daytime next "oversold" conditions.
The greatest losing trades occurred when I saw an intraday designing of pull or weakness that was non confirmed yesteryear what the marketplace position was doing hateful solar daytime over day. As a result, the pull turned out to survive but a bounce inwards a falling market; the weakness was a dip inwards a rising market.
Where this has led me is to a much greater selectivity inwards my trading: exclusively trading intraday setups when the larger motion-picture present is also setting upwardly my way. This keeps me out of markets a expert bargain of the time, but it also helps me survive to a greater extent than aggressive amongst the higher probability ideas.
Discipline, afterward all, is non only the mightiness to command one's trading, but the mightiness to command whether or non ane trades.
.
No comments:
Post a Comment