If you watched our Premium video last night, then you’re trailing your positions this morning with a smile on your face (and you were not tricked into a short on the ES).
Check out some of our past battle plans, made available to all members for this weekend as a bonus. Remember, even the most algorithmic edge contains discretionary elements, traders are, after all - including those who write algorithms - human beings.
Each of these videos discusses some important trading lesson. And if you want one every day, and before things happen, just join us on Remek! Premium. Mindful trading!
Trading lessons - Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
On trading patterns
Most traders know that we trade patterns. Cool. But few are aware that we need to develop one skill that is hard to quantify: when to trade against those patterns. A good example for that came this morning, where we went long from what looks like a bearflag. See detailed discussion in the bonus video, but long story short, a deep understanding of market action and the skills to place trades accordingly can only be developed by years of daily exposure. In trading, dedication pays.
