NOTE: If you’re not already, today is the day you become a trader in the real world of trading.
We can share endless analysis of what is happening, and the probabilities of where we’re going from here (and we might update real time), but we’d rather share 5 the most important keys to a TRADER MINDSET that we’ve shared over and over during the last year of posts–because they are all coming into play NOW, and they matter more than how the current trade plays out!
5 KEYS TO A TRADER MINDSET (and check out our bonus key at the bottom)
In reverse order for today’s trading action – long-term they are all critical to long term trading success:
5 NOTHING IS PREDETERMINED They can take price wherever they want, at any time all we can do is assess probabilities and try to find a trading edge.
4 ACT WHEN YOUR TRADING STRATEGY SAYS TO ACT. Defining each position as short term, intermediate term and long term — which guides clear entry and exit strategies. This is the approach that wins over time — not demanding to win on every trade
3 ONLY TRADE WHAT YOU CAN TRADE WITH 100% CONFIDENCE (aka Never panic aka If in doubt STAY or GET OUT aka SIDELINES IS A TRADE) When you do decide a trade is worth the risk, position size can keep you comfortable and confident — in trades longer with less stress and in the game long-term
2 PLAYTIME IS OVER FOR THE CRYPTO MARKET. Welcome to real world trading against the best of the best. The challenges of the current market are the new normal. If you get stopped out during the trading day, EXPECT to reenter trades if price goes back above your stop range — because
1 CLOSE IS WHAT MATTERS — reread #5 above….BUT more often than not – probabilities are determined by the price when the candle is finalized on the daily chart.
BONUS KEY — No matter how you are feeling about the current trade. trading in general, cryptopatterns, or anything else in the world of crypto– you gotta admit —
THE DASH ILLUMINATI ARE REAL!! 🙂
Stop range $735 today’s low so far $735.53 (polo)
This site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice. You are 100% responsible for your financial decisions at all times. It is highly recommended you DO NOT make any investment or trading decisions depending upon what you read on this blog/newsletter! All information presented (c) 2017 JBP cons, inc. All rights reserved.
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