Anticipate the Break Even or Break Out of a key level can be a great opportunity, but it gives a high risk to be squeezed. Then when the trade does not go as you expected to stop it. Rule 1: Cut the Losses quickly If you trade stocks, following the news, confirmed by the price moving, you know if […]
Trading
Entry Point, how to distinguish a Great Trader from a newbie – $SPX500
The entry point is the most important part of a trade. It defines if the trade triggered will be a great success or if it will lose money. Nailing the best trade is not easy, it requires experience and a hard work made in advance. This part of trading is something that really can distinguish a great trader from a newbie. Because […]
Cut Losses Quickly and wait the Right Pattern to trade
This $SPX500 is risky as always and to beat the wrong trades the key is the patience to wait a real breaking of key levels. Be squeezed is very easy when you don’t follow very well the chart. One trade squeezed is ok, but 2 or 3 before to get the good one that we are waiting bring our day […]
My First Black Day of 2015, Volatility and Emotional Trading – $SPX500
Today was my First Black Day of the 2015. I definitely made a bad trading since the morning and with Emotional involvement. The Non-Farm Payrolls injected volatility in the market and this did not help me in the afternoon, making my trading more difficult and I triggered other bad trades that affected my total equity. In practice […]
Price Action Patterns, a solid base to be a Great Trader – $SPX500 $USDJPY
if you have learned and if you follow a Good Mentor, understand the Price Action Patterns is very easy. In the same way, define the Risk Reward is easy if you have in mind a specific plan that respect the pattern. Instead, the most difficult thing, and this depends only from you, is just be able to trigger […]
The Best Pattern for the Perfect Trade, waiting the Break Even – $SPX500
SPX500 showed several good opportunities today to make profits just following clear patterns. I nailed my best trade at 2022.85 and closed at 2020.65, following a clear pattern with break even at 2023.6. The first trade went in Stop Loss. It broke down the support, then I got the trade and It got squeezed. But it is OK, I entered too […]
