Always remember that the planned trade is only the first step.
The real art and science is less about picking the trades than managing them.
“It’s herd mentality at its finest, not much different than the crazy crowds of people trampling one another at a store trying to get the best Black Friday deals.”
The best traders are those who can make money regardless of the market condition.
With just a bit of chart reading skill and some knowledge of fundamental technicals such as Keltner channels, these pull-backs become easy to predict.
Emotional control is the absolute key to trading success. It’s more important than any set-up, chart pattern, or technical indicator.
If you can’t answer this question, then don’t place the trade.
My goal is to average $3500.00 per week over the entire year using that capital as efficiently as possible.
Bright red on the screen has a way of touching off fear in our monkey brains.
What if I told you that nearly everything that happened in this time frame was perfectly normal?
What’s your routine before the market opens and after it closes each day?