How to improve your trades by trading the current trend
๐ข ๐ด โช๏ธ
Trading is a game of probability and every small improvement to your edge will raise the % of your trades turning out your way.
One simple but powerful way to improve is to trade w/ the trend, not against it.
If every week so far youโve been digging yourself deeper and deeper in a hole and want to truly change, take this week off.
Donโt place one trade.
Just observe.
Realizing that you need to change and showing yourself you have the self control to do so is step #1.
Now only way youโll understand is if you go chart them yourself.
Try and find both S/D & S/R on a couple of charts, PM me if you want me to double check the zones! @trader805
Any questions comment on this thread ๐งต
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Supply & Demand zones 101
- Price range where major institutions & investors will buy up the price in huge orders and demand outweighs supply and supply outweighs demand, this imbalance causes the sharp price reversal you see in these zones.
Set alerts and let the trades come to you
Make breakfast, drink coffee, relax, chill on YouTube, listen to a podcast, etc and wait & stalk your trade ๐ฆ
No reason to be glued to the screen and forcing trades that doesnโt meet your own rules
Boredom will kill your account
The only way to improve your TA skills is to get in as much hours of screen time as u can
Before the week starts, map out 15-20 charts with your own style of TA. You donโt have to trade them but they are now your โ Studies โ watchlist ๐
On your watchers,
Be careful with days like today
Especially if you were positioned badly from the session before and jumped into a mid melt down
This is where revenge trading comes in and you dig yourself deeper into the hole you created
Would this cover what you want to learn? & if Iโm missing something youโve seen me tweet about PM ME
Topics listed sound basic but itโll be in depth
If this works out Iโll go over each in another 2.0 dive
For those who voted YES
Still waiting for the final results since itโs 50/50
But outline would be something like this
Trying to create something that gets straight to the point
No need to add in 40 pages of extra junk
I have a good feeling on what YOU want to learn ๐ง
Bulls ๐ Bears
Bears ๐ Bulls
Be open to both outcomes every single session & follow the trend thatโs given
This is how you get rid of a big % of the mental battle of you vs the market
No need to get burned by the market switching trends for you to ๐ sides
$SPY ๐ก
Welcome to market psychology 101
Introducing
Bear traps ๐ป๐ชค
The place where your strongest features of keeping you alive as a trader in the market is completely shattered
$SPY Now 434.55
( Check out the thread ๐)
7/20 Watchlist and trading ๐กโs
20 ๐ & โค๏ธ = We bring this back 4 every other day
โช๏ธ = Important S/R levels & ๐ฐ ๐
Calls > ๐ข
Puts < ๐ด
SL ๐ก
๐ ๐ฐ
Choose 1-3 and focus ONLY on those
SL hits, then wait for the ๐ข/ ๐ด to re enter
Choose your favorite set up ๐