IgazI wrote:Yirbu wrote:Nicely written. Thanks!
I should try to reverse more often. Especially when scalping. Sometimes I take a trade and I know its a dangerous place because of a certain level nearby. If these trades fail, those will be perfect to reverse and go in the other direction.
“You don’t try. That’s very important: ‘not’ to try, either for Cadillacs, creation or immortality. You wait, and if nothing happens, you wait some more. It’s like a bug high on the wall. You wait for it to come to you. When it gets close enough you reach out, slap out and kill it. Or if you like its looks you make a pet out of it.”
This is so true.
Trading is a waiting game...
You wait until an opportunity pops up and then
You wait until your TP is hit (or SL, whichever is faster)
You wait until you see good money and the withdraw it
You wait until the money hit your bank account and then
You wait again for more opportunity to repeat this cycle of waiting.
