Oil and DXY Follow up
12. 22. 22 I should have made this homework assignment for Bobby because this is the post trade analysis it occurs on every trade whether I make money or lose money. It takes 5 minutes or less most of the time. This is the post trade analysis, and it is also the analysis of a trade where I thought the market would go higher but I chose not to take the trade....So if I was right.... the market is going higher, but I chose not to enter the trade, that's no big deal because I didn't lose any money, and it's gratifying to know that I had the right idea... I got the direction of the market correct... so now I can think about this trade the next time a pattern like this occurs, and maybe it'll happen three or four times; I had the direction right, but I didn't take the trade. That's how you learn how to trade without losing so much money. After you're correct and you miss a trade 3 or 5 times because you had concerns.... now you have experienced it has credibility, now I can take the trade with an appropriate stop... and I still have money in my trading account. I know I go through these gaps fairly quickly and I know my cursor isn't always accurate when I'm talking because of me and also because of a lag time that the cursor to the auditory. Don't worry about this, have patience, I do this kind of analysis every video. You will pick it up sooner than later if you do your best..... If this is something that you would be interested in doing, It goes without saying that not every trading technique is good for every trader. However, you should develop your technique before you risk your capital, and you won't develop your technique in one or two months... it just doesn't happen that way for most beginning Traders. There is one caveat it will save you I'm dropping out of trading and from losing your capital: don't follow four or five other Traders and try to put everything together because there will be conflicting tools and setups from how they frame the market that will be counterproductive from other chartists that you follow.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.