If you’re not respecting your rules in the market, you’re gambling. No questions asked. The rules are built on indicators that either notify a trade entry, exit, or hold. More specifically, every second there is information on the screen that may signal an entry, exit, or a hold. It’s your job to beware of the information (looking at the level 2, T&S, chart, volume, etc..) and then REACT accordingly. The rules are guidelines that are designed to make you money over time. They consist of things like entering when volume supports, exiting at -2%, an engulfing candlestick, or even a wall of buyers/sellers. These are all things that might indicate a trade entry, exit, or hold. If one simply holds and hopes without reading the screen, they’re gambling. If risk/reward is not identified, they’re gambling. The rules are parameters that build a plan. A plan is what makes traders money over time. The plan is there to help you, so allow it to. Drop the ego, stick to the plan, and on paper you’ll make money (if you pick highly probable, and reward setups).
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