I thought I’d finished the “Long is Wrong” articles for now. But then I received an email from a reader of the YTC Newsletter that I absolutely LOVED. And I thought that maybe “Long is Wrong – 3” would be a good way to share some of that love! If you missed the prior articles,…
This is an example of an incredibly common question I receive from new and developing traders. Ok, let me first just point out that the “many courses” does not include my course. 🙂 That’s not the point though. The point is in the highlighted sections – all he does to date is lose money –…
The following post was sent out by social media recently. Unfortunately social media algorithms result in only a fraction of followers actually seeing the post. And this one is IMPORTANT. So I’ve decided to include the post in both the newsletter and the blog, to help spread the message. Edge… not just through setups. By…
Last week’s article led to a great question on twitter. Yeah, fair call. It does look ridiculously early. Here’s the trade we discussed in that article. Here was my reply: Let’s step through the entry and early trade management decisions. The vertical axis is a little compressed on the 1 minute chart so we’ll do…
I love this comment from David on last week’s article – Long is Wrong 2. The key part is highlighted. I’m actually really excited to see someone recognise the importance of watching for failure scenarios. Opportunity exists at the places where large numbers of traders get something wrong. The times and places where obvious expectations…
Last week I shared what is quite possibly my favourite market open play – https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong/ It can occur as either a PB or BPB setup, providing opportunity as market participants are trapped and stopped out of an early session long. Incredibly simple in concept. But very effective. Please review the prior article if you missed…
