4/4: The Golden Ticket Trade
4/4: The Golden Ticket Trade
For Paid Readers
Good Morning Traders!
Before I get into some stuff to watch this week I want to quickly talk about a few things to potentially help you as a trader.
You need to have a plan. I know, it is common sense but, often traders don’t have a plan. They go into a trade based off what looks good but, a certain “look” is not a edge. You need to have a proven edge and put that into a plan.
You need to use small position size. Whatever size you think you should use, cut that in half, then cut that in half again.
Trading is gambling to about 90+% of traders in my opinion. Buying blindly is a gamble, trading without a plan is a gamble and doing this over and over and over again shows you may have a gambling problem.
If this sounds like you then in my opinion you need to take a step back and take some time off trading and really identify what you want to get out of trading.
On Saturday night we put out a Chart Overload Column.
If you didn’t read it MAKE SURE TO VIEW IT as their are some great set ups.
