As long as there's an 'inkling' of gut-feel, execute that decision.
Tuesday, April 8, 2014
Saturday, January 4, 2014
Integrating demo trading with live trading
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.
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
Friday, October 11, 2013
Trading accounts
Set up an ultra conservative 100 percent probability (imo) live account to earn solid guaranteed money. Set up another demo to master other trading conditions (to 100 percent) before using the ultra conservative live account to trade those conditions.
Alternatively, reduce the risks for those trades by half. They are still high probability.