3.26.23 I had technical problems Uploading Videos yesterday..... this is Sunday and I managed to do one more video here to give you a perspective on how I might look at the market and judge Market behavior to find trade location. I should not have Determined that the market was going higher on the Thursday video. I show you why that is on today's video. My message is that even if you get into trouble or make some mistakes... whether they're due to the market or to you.... the tools can help you get out of trouble... and even find you a better trade location.... or tell you when you should be a seller when you started out being a buyer.... in the analysis should include A good entry with a small stop.... and a reasonable target. It turns out that the best trade would have been the long trade near the end of the trading day once the market traded down to where it had gapped higher days earlier. This was a tough video for me.... so the best I can do is just read it whether it's looking at gaps or extensions or ABCD patterns or Retracement patterns.... it's hard to come up with a way of trading without actually reading and interpreting how the Market's moving in real time. I think it takes Perseverance and caution. I pretty much feel that if I lose money in the market... it's because I miscalculated something..... it's not my tools . I don't even blame the buyers or sellers on the other side of my trade.... loss Below my stop Is almost always my mistake. If I'm getting a run of 1/1 trades....I'm doing something wrong, I'm out of sync. Or it's something That is off on my end. Wait for the good trades.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.