Good evening, Traders!
Trying to identify and track new trading patterns can be frustrating. And a lot of the time, we're already too late when we come across a hot lead in the industry. Yet, against our best judgment, we take a position and end up with an empty wallet. Why is this the case? Because we are afraid of losing out on a lucrative trade. And you know what? It makes perfect sense! The market moves so fast that by the time you read about a trend, it has already peaked. That is why I strongly advise traders to avoid following the news cycle! The aim of the pundits on television is to sell airtime for their respective networks. Occasionally they get it right, but most of the time, they're just repeating what's already occurred. My approach revolves around the concept of developing a trading plan that incorporates certain metrics that enable me to have much more winning trades than losing ones. And it's how I cut through the market hysteria.
Keep moving forward! Josh Martinez
I'm working on a 6,000 tick trade idea that could be worth up to $60,000, depending on the gold futures contract size you purchase. With recent uncertainty in the markets and threats of inflation, people are looking to store buying power. Mindset Wisdom: Listen to Kenny Rogers "You never count your money / when you're sittin' at the table..." How many times has it happened? You have one winner. Then two. Then a week's worth of winners. Before you know it, you're counting your current - and of course, future - profits. The logic is simple. We can hear it now: "Hey! If I do JUST HALF of what I did today... then I'll be on a beach somewhere." It doesn't work that way. Apply your process. Keep those stops and consistently amass the winners the market gives you.
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May 11 | How to cut through the market hysteria
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