So the month started out rough. I've taken 8 trades so far and only 2 have been winners so only 25% profitable but one trade put a nice dent into draw down. RR is so important! So is maximizing what the trade can give you beyond your targets.
I also told you that I would consider looking for shorts at the 46- 50 area and why (context) now I did not like how price got there and I did not get a meaningful rotation so I did not engaged. But look at how price reacted to the area. Why do you think this is and how did I anticipate this?
As a seller where would you feel better about taking on risk considering everything that is around you? That is context.
I also told you that I would consider looking for shorts at the 46- 50 area and why (context) now I did not like how price got there and I did not get a meaningful rotation so I did not engaged. But look at how price reacted to the area. Why do you think this is and how did I anticipate this?
As a seller where would you feel better about taking on risk considering everything that is around you? That is context.
If you fail to plan, you plan to fail.