A lot of people have been chopped up, or unable to find trades the last few days. I’m happy to say that I’ve had very few signals, but they’ve all been very good. I go over that in this video. So, if you are getting chopped up a bunch, you may want to consider techniques like I am using. These include, making sure price is trending against a good support/resistance like Alla’s Avg, only taking trades with a healthy estimated risk:reward, staying on the right side of a fresh VWAP, etc. If you’ve been watching my videos, you know the drill.
It takes patience to trade this way, for sure. If I felt pressure to pull the trigger every 30 minutes, I’d probably be hurting this week, too. When you think about it, though, the market’s not here to please you or entertain you. You need to trade on the market’s terms, which means you need to trade when it’s willing to give you easy money, and only then. Think about it.