PRTS - Chart Link- see chart comments.
One must take time each night in preparation for trading the
next session. Look for valid setups and adjust triggers based
upon day to day action.
Here is an anology - think of a stock entry like a bus stop you
want to get on the bus well before your final destination.
Most times, you will have a couple chances to make a valid
entry PRIOR to getting too close to your destination (target).
You want to avoid traffic and get on board at objective
points. As you review chart after chart after chart you will
over time begin to see those objective points. Understand,
even making objective entries does not always lead to a successful
trade but it allows for a small loss.
PRTS Updated View
Posted by steve on 13th of Oct 2020 at 12:50 pm
PRTS - Chart Link- see chart comments. One must take time each night in preparation for trading the next session. Look for valid setups and adjust triggers based upon day to day action.
Here is an anology - think of a stock entry like a bus stop you want to get on the bus well before your final destination. Most times, you will have a couple chances to make a valid entry PRIOR to getting too close to your destination (target). You want to avoid traffic and get on board at objective points. As you review chart after chart after chart you will over time begin to see those objective points. Understand, even making objective entries does not always lead to a successful trade but it allows for a small loss.
I like the bus stop
Posted by srusso1 on 13th of Oct 2020 at 01:01 pm
I like the bus stop analogy for placing trades and exiting trades . Good one .
yep! Steve's the master at
Posted by matt on 13th of Oct 2020 at 01:12 pm
yep! Steve's the master at trading analogies honestly