One thing which is helping in trading these market conditions is SIZING DOWN - keeping risk consistent.
This means wider stop losses to brace for this volatility. Having a 2/3pt stop loss is NOT as effective in this volatility.
I am sure many traders now having the market direction CORRECT but are mis-timing the move. Simply widening stop loss and lowering position size will help remain in a trade with this volatility.
It also helps with keeping emotions under control. When there is volatility in the markets, there is more volatility in our minds.
Trust in the LORD with all your heart and lean not on your own understanding; 6 in all your ways acknowledge him, and he will make your paths straight.
Proverbs 3:5-6
To those who use well what they are given, even more will be given, and they will have an abundance. But from those who do nothing, even what little they have will be taken away.
matthew 25-29
One of the best ways to increase profits is to do visualizations in order to align the conscious and subconscious with making profits.
#trading#futurestrader
I’ve been developing the skill of reading and utilizing #footprint into my #trading and it has been a great tool if you know how to use it correctly. Should I do a recap of today’s session? #ES#MES
I’ve been developing the skill of reading and utilizing #footprint into my #trading and it has been a great tool if you know how to use it correctly. Should I do a recap of today’s session? #ES#MES
Sometimes, fear meets its match in the unbroken spirit of those who refuse to be startled. Among the shadows, where fear usually reigns, We men stand unflinching, staring down right in the eyes.