Happy trading,
Lance Beggs
Similar Posts
Trapped Traders – Part 1
Trapped traders are a simple concept you may wish to incorporate into your trading strategy, due to its potential to offer higher reliability trade setups. These are price action based setups in which traders suddenly find themselves trapped in an undesirable situation, either: Stuck in a losing position, desperate to get out; or Stopped out…
Wait for the Partial Decline or Partial Rise
This is a tough way to start a session: Happy trading, Lance Beggs
Advanced Trade Management Options
Active Trade Management for most people simply involves trailing of the stop loss order, first to breakeven and then behind significant price features as the market moves on its path towards the target. However there are other options available for those who wish to explore further. It can also involve scaling in and out of…
Structural Trades
One thing I love to do over the Christmas & New Year break is to schedule a couple of days for Market Replay learning. Last Sunday & Monday were scheduled for my replay sessions. The ability to speed up the market data in-between key decision making areas means that I can squeeze in half…
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,…
Metagame Entry – After You’ve Made a Dumb Trade!
I often talk about identifying the areas where "other traders" are trading in really dumb places. Places where they've found themselves trapped in a really low odds trade. Or trapped out of a position they wished they were in. Places of emotion – fear, anger, regret! These areas of the chart often provide us…