There is great opportunity available in the markets when OBVIOUS expectations fail to be met. Sometimes you see these coming. Other times you need to find yourself on the wrong side of the market first. But if you understand this concept and can recognise it as it sets up, you can quickly reorient yourself and…
We’ve had some focus in recent weeks on traps occurring right at the market open. Market Open Traps, Market Open Traps 2, Market Open Traps 3 Today… is NOT a trap at the open. But it’s closely related. And expands upon the idea. I’ve no trades to share for this one. With visitors, my trading…
Wednesday’s social media post… for those who missed it: The link: Market Open Traps – 2 Here’s the “text-book” concept: The opposite applies as well. Price approaching a level of significant support, breaking lower just prior to or immediately after the open, and then smashing higher and trapping any SHORTS in a losing position. The…
I seriously love an opening momentum drive! Even when I miss the initial entry. Let’s look at the charts… I don’t get paid for disappointment or frustration. Let it go. And FOCUS. Remember… in a momentum drive, initial breaks against bias often fail. Here’s my thought process: The First Principle is in play. And there…
Do you know what is better than receiving an email from a trader excited about a huge win? When that email contains no mention at all of the profits (approx 125 points in this case). Instead the email shares excitement about the context. The structure. And the way the market set up and allowed this…
This question was different. In the decade and a half of YTC I don’t recall having had this one before… What do you consider to be your most underrated post or article? What could I have missed in my reading? Interesting! My initial response was “Give me a few days to think over this one”….
Far too often we just accept the default options provided by our trading platform and other tools. Without any thought as to whether or not they can be improved. Ok, maybe not you, but I’m certainly guilty of this. It’s time to change that. A fortnight ago we discussed a habit I saw creeping into…
The following post was sent out by YTC Social Media on Tuesday. This is a concept that is SO important. Everyone studies their trades. Primarily their losing trades. I want you to study the environment as well. Both those that prove incredibly challenging AND those that offer incredible opportunity. This post focussed on the latter….
In the fallout of the Will Smith & Chris Rock incident this week, our social media world was overwhelmed with memes. Some of which were quite clever and make social media almost borderline bearable. But not this one. This one led to an involuntary “FFS!” response followed by rapid scrolling. Nope! Sorry. It’s not that…
A trade sequence from earlier this week prompted me to revisit the Reassess Point; a concept introduced almost a year ago here – https://yourtradingcoach.com/trader/the-reassess-point/. In that article we explored a change of mindset that helps avoid the frustration associated with premature exits and missed opportunity. This is how most of us are taught the game…
