As long as there's an 'inkling' of gut-feel, execute that decision.
Trading Insights
Tuesday, April 8, 2014
Saturday, January 4, 2014
Integrating demo trading with live trading
Carry out your live trading routine with live trading rules (analysis,anticipation etc.). Then carry out your demo trading routine with demo trading rules. Keeping both schedules separate is important as they require different psychologies, routines and rules.
Friday, December 6, 2013
Enjoy your 1hr work week
Why put so much effort in monitoring smaller and lower probability timeframes, when you can enjoy a stress-free 1hr work week monitoring the daily chart 5mins a day?
Thursday, November 28, 2013
Trade Less, Earn More.
The lesser you trade, the more you earn. Choose those with the best everything - risk reward, probability etc. Imagine earning 1:5 r:r with the best probability.
Friday, November 8, 2013
Post-entry choppiness in smaller timeframes
When after entering a smaller timeframe trade, price starts to consolidate or chop for an extended period of time, it is best to just close out the trade because it is quite probable that volatility would hit you anytime.
Vary position sizes
Vary position sizes according to one's gut feel confidence in the trade.
Smaller timeframes
One should not trade smaller timeframes than the daily one, as there is increased volatility. Volatility can suddenly occur and stop out your trade prematurely. Therefore, one should only enter smaller timeframes on a volatile signal candle ie when price range of candle suddenly widens a lot
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