DislikedThey are not as rare as people think. Most people think its rare cause they trade too much during the month.
I always say would you rather take 2-3 trades a month and win, or take 20-30 trades and lose. Most would choose the former, but then they do the latterIgnored
I can't agree more with you Mike. I did some visual backtesting on daily TF for last 5 years and noticed that only obvious BEOB/BUOB with the trend can generate tons of money even if 50% of the entries have been missed.
Needless to say I stopped overtrading and chasing the market.