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Early in the trading day, as part of your daily preparation (you do have a daily preparation, don't you?) it's helpful to practice a little to get a "feel" for what you might do and how you might trade. One way to do it is to make a few small trades, using just a small percent of your normal trading size. Putting on a small position usually helps you focus. Once you've entered the market, see how...
Distraction is not something you can afford. If you cannot be fully focused on the price action and on following your trading plan, you are going to frequently find yourself in the situation you describe.The best rule a trader can follow is to focus on the action, not the outcome. Yes, I know that you, like many others are attracted to trading for the rewarding profits that can be made. You feel t...
Much seasonally based information conforms to random probability generated data. Avoid trading seasonally based information without a fifteen year pattern, a minimum 80% win probability, profits twice losses, and a price action based entry. Price based trading information is superior to seasonal based information, because a trend or swing can be established before entry. Seasonal trades with less ...