Stacking the Trading Odds in Your Favor
['Nial Fuller']
Learn To Trade The Market
Often, you will see a key chart level of support or resistance lining up with a 50% retrace level of a major move, this is a very confluent level when this happens and if you get a well-defined price action trade signal there it’s almost a ‘no-brainer’ trade, meaning you should probably take it and not think too hard. Thus, you have to give your trading edge a large series of trades to play out in your favor, and you can’t get too down over any one losing trade, because if you’re sticking to your trading plan, it’s just part of the game. Set and forget your trades and become a trading minimalist and you will create the proper mental trading state simply as a ‘side effect’ of your minimalist approach to trading.