Boson K

I just dump my ideas here. Take what is useful and make money

[Boson K @Boson_K]

I’m going to be so great!

[Boson K @Boson_K]

I feel like this is the third drive for shorts…

[Boson K @Boson_K]

@ICT_Concepts Me too😢💔

[Boson K @Boson_K]

SL hit

[Boson K @Boson_K]

BTC shorts!

[Boson K @Boson_K]

Kod don’t miss it

[Boson K @Boson_K]

Law

[nemmy @nemmyts]

@ThePipSniperFx Arrogance is a sign of unintelligence.

Important to always seek exceptional performance behind closed doors without the need to flaunt.

[Boson K @Boson_K]

@umaairrk It is the peak of technical analysis🙂‍↔️

[Boson K @Boson_K]

@nemmyts Noted sir

[Boson K @Boson_K]

@SamraLiel @nemmyts Thank you my friend. Still learning a lot from all of you🫶

[Boson K @Boson_K]

Told ya

[Boson K @Boson_K]

Is it just me or does indices look really good to go short?

[Boson K @Boson_K]

@realweirdgene Hey Gene. What would your target for oil be (TP)?

[Boson K @Boson_K]

@nemmyts Same entry🙂‍↔️

[Boson K @Boson_K]

@jadecap_ Aww man. I had a limit at the 4hr OB🫩

[Boson K @Boson_K]

@GavMcCracken What’s your target for oil?

[Tom Dante @Trader_Dante]

Some thoughts on trade management:

When you take an outright position with a clearly defined stop and target, you’re simply saying: “I think the market will go from x (entry) to y (target) without hitting z (stop).

I believe that’s the “easier” part of the process.

The harder part is knowing how price is going to get there.

Trade management compounds complexity because everytime you move a stop, add to a position, exit early, change your target or take a partial etc, you’re making another decision that builds on the first e.g. how likely is price to go where I planned, based on where it is right now?

The problem arises when you get traders that have a 50/50 read of the market but rely on a decent payoff to make money, being forced to make more and more decisions.

Alongside this issue, as the trade moves, ideas creep in that weren’t there at the outset. For example, you might take a trade based on market generated information like a breakout or a stop raid and reversal but then move the stop due to something else entirely like simply not wanting to see a winner turn into a loser e.g the infamous breakeven manoeuvre.

In all my time examining traders that have clear stops and targets on their trades, I will tell you it’s rare to find someone that can, over a large sample size, make active management beat no management.

People won’t like to accept this. They won’t think of testing it and they’ll often feel uncomfortable at the idea of doing it because most traders want to trade. They want to be hands on non stop.

But it should be one of the very first things you test in my opinion.

[Tom Dante @Trader_Dante]

Learning how price moves and where opportunities lie is one thing.

Training your mind to stay calm and execute fearlessly in every situation is another entirely.

You need both skills to make it in this business.