You can't catch every good price move.
You can't catch everything. If you miss a good move, remind yourself:
Now focus. There is more opportunity coming and it needs your full attention.
Happy trading,
Lance Beggs
A key feature of the YTC Price Action Trader method is timing trade entries through awareness of the emotion of “other traders”. In particular when you sense heightened levels of frustration, anxiety or even fear. Place yourself in the mindset of someone trapped in a really poor position. Feel the fear. And find opportunity at…
A reader recently sent me a question which I think we can all learn from. Let's start with the higher timeframe first to get a bit of context. It's the YM (emini Dow) on the 24th of January 2018, if you wish to look at your own charts. And now let's examine the 1…
The whole analysis process for a novice trader is aimed towards finding a winning trade. Sure, they know intellectually that not all trades will win. But surely this one… the one they worked so hard for… the one that all their analysis says is a good trade… it's just got to win! And then…
Take note of the way that price approaches an S/R level. The more that price has to stretch to reach it, the better. This is a time to FOCUS. Because if this move stalls, unable to attract sufficient buying to continue higher, it can potentially set up a very nice TST/BOF trade for reversion to…
I posted the following on social media a few weeks ago… The first pullback after a strong and decisive break from an obvious structural pattern, should be considered a MUST-TRADE scenario. There was a comment made to the post which I absolutely love. I've copied it here: Now, I don't advocate trading just…
I love the pre-session action from NQ on Tuesday… Dropping now to the 15 minute chart and viewing the action leading up to Tuesday’s open: I must admit – I do like traps in the market structure. I sent out the following post via social media, prior to the open on Tuesday. Because there was…
Yes, absolutely agree… “You can’t catch everything. If you miss a good move, remind yourself: It wasn’t mine to take. If it was, I would have caught it.” Words of wisdom, should be posted on the wall, as a reminder!
Great site for the Day-traders, hats off.
Thanks Dave. Much appreciated.
Really like the phrase – “It wasn’t mine to take. If it was, I would have caught it.”
It’s a simple change in perspective. But so incredibly powerful in its ability to calm the mind and ease the frustration.