Hi Traders. In this workshop, I'm going to discuss a few ways to avoid getting sucked in the choppy condition. Most retail traders are good at making money during trending market environment, but only to give them back during a choppy condition. If you're one of them, it is crucial for you to stop doing it as it would sabotage your long-term expectancy. To become a consistently profitable trader, it's not just about making money, but also to avoid losing money. Always be mentally prepared, when the market volatility contracts, simply stop yourself to trade without an edge and avoid trying to guess where the market is heading next. Let the markets do whatever it wants, if it's not moving, it is not moving. If you're constantly eager to get involved in the market, most of them time you will tend to get caught taking setups you aren't supposed to take. Quiet markets gives you time to preserve your capital, then get prepared for the next trending environment.
"I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have." - Paul Tudor Jones
Comment down below your experience in trading the choppy condition.
Take care and trade safe.
"I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have." - Paul Tudor Jones
Comment down below your experience in trading the choppy condition.
Take care and trade safe.