Playing the Long Game
Chris Hood
March 20, 2023
A long series of winners can be just as detrimental to your trading as a string of losses. Traders on a hot streak often suffer from “winner’s euphoria.”
A long series of winners can be just as detrimental to your trading as a string of losses. Traders on a hot streak often suffer from “winner’s euphoria.”
“The recent collapse of Silicon Valley and Signature Banks and the liquidity crisis of Credit Suisse has me deeply concerned.”
“It takes time for high interest rates and QT to cause damage.”
“And there will be lasting damage to the economy.”
“My most profitable trades have recently used the 5-12 minute time frames. Short scalping trades on choppy days and longer intra-day trends when there’s a clear direction.”
Trading is a game of probabilities, and there’s no way around taking losses. But cultivating the mindset to handle those losses is the only way to regain momentum.
“In the end, the only thing that truly matters is that you’re consistently profitable.”
“If you can’t answer that question, then you’ve identified a fundamental flaw in your planning and strategy – so work on them.”
“There has been a massive spike in the volume of 0 DTE options traded.”
“And the most likely reason is the number of retail traders in the market. These aren’t a strategy that institutional traders typically use.”
Last week I had a conversation with one of the subscribers in the Trade Command room about the two reasons traders lose. They either place bad trades or practice bad trading.
HIGH RISK WARNING
Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. RogueInvesting.com provides general advice that does not take into account your objectives, financial situation or needs. Under no circumstances shall the content of this website be construed as personal advice. In the event you are using leveraged products to trade, the possibility exists that you may sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future success.
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