Session Open Breakout Pullback
In some sessions, the trade of the day is right there within minutes of the session open.
In some sessions, the trade of the day is right there within minutes of the session open.
Reviewing Old Charts (AKA… "I can't believe I held the trade past that stop loss") I highly recommend keeping ALL your old trading charts and journal notes. They're great to review each now and then. Not only do they offer educational value but they also offer a source of motivation in allowing you to see…
The recent Winning Through Losing Better series talked, amongst other topics, about the importance of pre-acceptance of risk. In particular the following: Pre-acceptance of trade risk means that I'm not overly concerned with the monetary loss and can keep my focus on the process of analysis and effective decision making. My focus remains on process,…
Last week we examined losing trades from a mindset perspective (see here for article 1). This week, let's examine a different aspect of "winning through losing better" – using losing trades as a source of improvement. Wherever you currently sit on the P&L scale, whether consistently in drawdown, stuck at breakeven, or achieving some degree…
Excerpt from email received at YTC: Lance, I have attached a couple of 5 min charts for you to take a look at. Both charts show a strong quick move, one is 60 pips, the other 80 pips. (I trade using 60/30 min, 5 min, and 1 min charts… so 5 min is my trading…
I was asked during the week by a reader (MB) why I don't show more losing trades in my newsletter articles. This is a great question. The reasons are of course less than perfect – all typically ego related – so I won't go there. 🙁 However MB has a good point. There is great…