You have to trade without expectations and take your money when its given. There's always more where that came from.
How to take a trade w/o any expectation...to even take a trade you must have an expectation of profit? For instance, this last was taken because i expected a successful outcome.
YM has been spiraling down in that 15 min death channel since last week. we break that today...why??? give a good reason to punch that upper TL out and then run? one good reason...all i need
Ah no, not for me, If price is showing weakness than I enter short at my desired point and exit when stop is taken. Trades are like a box of chocolates you never know what you will get and since I like chocolate, it doesn’t really matter to me how much I get. Don’t get me wrong it’s good to get more, but once my clock strikes, I’m gone. Markets are random and that means we cant know for sure where they will go. Its always Good to be confident.
ok. But your last assertion...if that were true you could not take a confident trade. If market is random, no reason to take any trade.
If price is showing weakness, than I enter short! I'm making an assumption that price will continue down the road it's traveling. This is when you place your bets and spin the roulette wheel. Its not 50/50 when you stay on the side of momentum.
when price is showing weakness of course i would short it too. but there's the rub, in a truly random market is there such a thing as weakness?