POTENTIAL for a Dip Exists Locally; NOT a Dump... PERIOD
If you have never watched my video publications or only a couple of them, it would behoove you to watch THIS publication. I have provided VALUABLE information in this video publication. I'm NOT saying this to brag. I'm simply telling you this for a purpose. What purpose would that be? "One can make a living working hard on their job. One can make a fortune working hard on themselves! So, keep LEARNING and Stay Awesome!"
I want to thank my followers for your continued support and liking my videos! Your support is very much appreciated!
As Always... Stay Awesome!
David
I want to thank my followers for your continued support and liking my videos! Your support is very much appreciated!
As Always... Stay Awesome!
David
Comment:
To make a follower happy, I'm REMINDING EVERYONE to MANAGE their risk by MANAGING their trades. HOW? By implementing a STOP LOSS. I'm NOT going to tell people WHERE to place their stop loss on TradingView publicly or private. I will make recommendations on my website when it goes LIVE.
Also, many traders may have made entry at different price points. It's NOT clear cut on WHERE to place a stop loss because of so many people having made entry at different price points.
IF people had subscribed to my website, we will have ALL been following very similar instructions with very similar entry and exit price points. Which is much easier to manage when providing recommendations for entry, exit, stop loss, trailings top, etc...
Currently, the way it is now on TradingView with many people viewing my publications at different times results in many people making entry or exit at different times which results in a very un-organized plan of attack. As everyone is not on the same page with the same entry or the same exit with the same goals in mind.
Also, not everyone has the same amount of AVAILABLE TIME. Why is this important? Because some only have TIME to trade trends with a trade once every week or so. Some only care to trade trends in higher time frames with trades once every several weeks. Others have time to do multiple types of trading; even scalping with several trades in a single day. Which is why my website will address the needs of EVERY TRADER according to the amount of TIME they have available to trade.
Also, many traders may have made entry at different price points. It's NOT clear cut on WHERE to place a stop loss because of so many people having made entry at different price points.
IF people had subscribed to my website, we will have ALL been following very similar instructions with very similar entry and exit price points. Which is much easier to manage when providing recommendations for entry, exit, stop loss, trailings top, etc...
Currently, the way it is now on TradingView with many people viewing my publications at different times results in many people making entry or exit at different times which results in a very un-organized plan of attack. As everyone is not on the same page with the same entry or the same exit with the same goals in mind.
Also, not everyone has the same amount of AVAILABLE TIME. Why is this important? Because some only have TIME to trade trends with a trade once every week or so. Some only care to trade trends in higher time frames with trades once every several weeks. Others have time to do multiple types of trading; even scalping with several trades in a single day. Which is why my website will address the needs of EVERY TRADER according to the amount of TIME they have available to trade.
Comment:
Yes, I have worded things in this video and title as though it is a matter of FACT. So, to correct myself in the event of a rare chance the Market Makers decide to dump on us all of a sudden, let me say, "There is a CHANCE of a Dip Locally; But VERY HIGH CHANCE WE DO "NOT" SEE A DUMP."
There is ALWAYS a chance but I'm going on ODD's.
There is ALWAYS a chance but I'm going on ODD's.
Comment:
BOTTOM LINE: If these indicators are used CORRECTLY, you will be CORRECT more often than not. Does this mean you do not have to worry about MANAGING your RISK by MANAGING your TRADES with a STOP LOSS and/or TRAILING STOP? GOD FORBID!!! One should ALWAYS implement a stop loss to keep losses small and gains large.
ANALYSIS and TRADING both have their place but BOTH are equally important! We should not allow ourselves to be deficient in one or the other. BOTH are equally important. As I've said before and I will say it again, "One can become an analyst without being a trader. However, one should never be a trader without also being an analyst. Otherwise, your aspiration to be a successful trader will be short-lived and very unlikely to be considered "successful." 10 to 20 percent of aspiring traders actually make a profit. Approximately 33% of those who make a profit can do so on a consistent basis. Don’t become a statistic!"
ANALYSIS and TRADING both have their place but BOTH are equally important! We should not allow ourselves to be deficient in one or the other. BOTH are equally important. As I've said before and I will say it again, "One can become an analyst without being a trader. However, one should never be a trader without also being an analyst. Otherwise, your aspiration to be a successful trader will be short-lived and very unlikely to be considered "successful." 10 to 20 percent of aspiring traders actually make a profit. Approximately 33% of those who make a profit can do so on a consistent basis. Don’t become a statistic!"
Comment:
Yes, a trader CAN be successful if they know how to MANAGE their risk well. I'm simply pointing out a trader can be successful more CONSISTENTLY if they will also dedicate themselves to becoming just as good of an analyst as they devote to becoming a good trader.
Comment:
Related Ideas
If you are interested in my comparison of the 12-Day, 16-Day and 18-Day comparisons to September through December of 2015, I recommend reading the text bubbles in multiple charts in the following publication:
"My Argument for Chance of Similar Bull Run to 4th Quarter - 2015."