The Two S/R Levels You Must Have On Your Charts
As an intraday trader there are TWO S/R levels that are always on my chart. The Prior Day’s High The Prior Day’s Low
How Trades are Displayed on YTC Charts
Happy Trading, Lance Beggs
Trade Management is More Important than Trade Entry
Over a series of trades your trade management decisions will have greater impact upon your P&L than will your entry. Almost daily I get emails asking why a certain trade didn’t work. Almost every time, the trader is missing the point. Trades don’t always work. Our profit and loss comes not from any one particular…
Structural Entries Allow For Imperfection
If a trade is scratched or stopped out and the premise remains valid, you should consider re-entry. Of course, that’s easier said than done. You’ve just taken a loss. It’s hard to get back in and risk further funds. But here’s the thing… Given the uncertainty of price movement, it’s unreasonable to expect that you’ll…
The Psychology of Re-Entry
Here's some great email Q&A: Question: I had a question around re entry, staying alert and the psychology around it. How does one stay mentally alert and focused when stalking for re-entry opportunities when: say the 1st entry resulted in a 1:1 for the 1st contract and a break even stop for the 2nd? Also,…