MightyOne wrote:jrtrading wrote:This is a thing I am struggling with - I see both.
What do you see or, more importantly, what are you writing down?
Even I do not know what will happen next, I can highly suspect this or that but I must trade what I see; be it on the charts or a construct of my imagination.
It is good to ask questions and poke a stick at the limits of your understanding, but it is not good to get hung up one things that are not important.
Trading is mostly the stability of your mind, position sizing, & money management.
Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking.
Ideas & action, not rules and confirmation or, as the guy in the YouTube video says, "trade it, don't date it".
The difficulty I have with this concept is:
There is always a higher timeframe.
Being this is true I MIGHT take one trade a decade.