I received a question from a reader who made an exceptional trade but was concerned that he should have exited the trade much earlier, scratching for a small loss and then possibly seeking re-entry. I love this! I would typically expect most traders to be ecstatic about a win. But it's a sign of…
This was an interesting sequence of trades – three which I got completely wrong, followed by one which I finally got right. The key takeaways: You won’t always get it right. Sometimes your timing is out. Other times, like in this sequence, your assessment of bias is just wrong. Good entry location and good active…
Never judge a missed trade by how it looks AFTER THE SESSION. Always judge a missed trade by how it looked AT THE RIGHT-HAND SIDE OF THE SCREEN AT THE TIME OF ENTRY. This article is in response to a question I received based upon the following image, from this prior article – https://yourtradingcoach.com/trading-process-and-strategy/how-do-you-find-time-to-plan-a-trade-on-a-1-minute-timeframe/ …
This is a question I get from time to time. Quite a reasonable question, I guess, for anyone used to trading on much longer timeframes. The answer is simple. And if you do it right you’ll find that there is plenty of time. Even on a 1-minute chart. Let’s repeat that for effect… Lower timeframes…
