Casinos consistently generate billions in revenue per year in what many individuals believe is luck. Casinos don’t exists because of luck, they understand that over a series of events, the odds are in their favour.
As a financial trader you must become the Casino and understand that you will hit drawdown and period of losses, however if you continue to execute your trade plan your profitable edge will play out over time.
This week the market has failed to provide a profitable edge due to many factors including market open and close, instead of executing positions that fail to meet my rules i stay liquid and keep capital safe until the correct moment arises.
Myself and others have no control over when the markets will provide trade opportunities, however we do have control over our capital.
Very good. I'm starting a youtube series based on trading signals alone.. trying to find top authors right now.
Let me knowif you're interested! :D
UnknownUnicorn180388
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@CryptoByDAY, If it will help the wider trading community then i'm always willing to help.
Gloryhunter
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tom, do you think we get a big head (3100) & shoulder (3550) if you look at daily chart?
UnknownUnicorn180388
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@Gloryhunter, It's certainly possible, however it's very difficult to predict that far ahead.
If the formation does complete then I look to take advantage.
Gloryhunter
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@tomhall, thanks mate, looking forward to your calls
Gloryhunter
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@tomhall, update pls, we broke out of falling wedge :)
UnknownUnicorn180388
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@Gloryhunter, Currently there is nothing to update, price is breaking intraday structure but price is still floating between $4,400 and $3,000 which needs to break in either direct to provide the best trading opportunity.