Bobby's homework assignment 12.23.22
12. 23. 22 In this video I am intentionally going back to the previous day when the market We tested the gap lower, and we could have made a $3,000 trade. Every video I try to decide if the market is going to trade higher or lower from the current price. I almost always have contrasting possibilities, yet I will still try to make a trade decision where the Marcus most likely to trade in my direction, and I have a small stop. You have to be very selective with your trade location to consistently have very small draw downs when you pick your trade location. It's a very big deal to My overall strategy, believe it requires some skill to do this consistent. If you are entering traits and consistently getting stopped out fairly immediately, there's something wrong with your strategy. Of course, this is a little simplistic, but I believe it is possible define a very good trade location, if you're patient, and that you're minimize the number of losing trades, and you will have more efficient stops... and that this will change the quality of your Trading and serve to minimize your stress. I believe you do this by looking at the higher time frames and looking at the gaps for both buyers and sellers. I don't believe that this is very hard to do once you follow this for a little while. First you discover the possibility, and then you test it to see if it works for you.
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.
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.