Disliked{quote} thanks! you right you can make 10k to 20 in fews minutes if we are right in the trade but we can lost too, what to avoid ALL high impact NEWS or same of them? but about medium impact news? Hector DeVille says no trade 2 hours before the news and 30 minutes after, that is the way to go? I am demo for 7 monthsIgnored
what Hector DeVille said is true for day traders.
We are all technical traders trading TMS as our method. We all trade with a proven money management strategy and know how to manage risks seen on our charts. Every trade carries some risks whether it is close to news time or not.
Our objective is the Preservation of trading capital which must be our top priority.
Learn and know when to take some risks and when to stand aside when trading this very ruthless market.
Every risk taken is limited to one R.
When you lose, you will lose one R.
And when you see there is potential and opportunity to make 3Rs to 5Rs, that would be an easy decision to make as investors.
Our job as the trader is to execute the trades.
Do Not trade the news. Focus in how to trade the market.
There are 10 skill sets you need to have when you want to become an accomplished TMS trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett