ScottBogatin

Bobby's Homework Assignment

ICEUS:KC1!   Coffee C Futures
4.27.23 This video Is an analysis of coffee, but it is really an analysis of price action and reversal patterns for buyers and sellers. this market services buyers and sellers. The good buyers and the good sellers will make money in this market, and if you take a look at Trades that could have been taken if you could find the proper trade location... it might even be surprising how profitable these markets can be for both the buyers and the sellers. The biggest problem I had with my Trading was that I didn't want to accept that realization that something was going on with the market That was going to interrupt my trade and cost me money. Usually when this happens... for most Traders including myself it was very difficult to acknowledge it and then study the situation while the market was proceeding to lose me money because something had changed in the market. and this went on for a long time until I found a very simple solution: Stop day trading for a few years and figure out what the heck was going on... without the stress of losing money in the interim. Not only did I learn more, but I learned that the market will change direction and that it doesn't have to hurt me so consistently if I'm willing to change my paradigm once I understand how markets move before I lose my money. When you're losing money, the brain Stops working and it is nearly impossible to think with the same clarity that is needed to be profitable.... but this doesn't happen until you're in a state of mind that is more objective and is WILLING To observe... and that is NOT when you are losing money.
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