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Philadelphia
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681
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Great article, it reminds me of a few things about my trading.
Part of my edge is realizing when small time frame traders are acting out of emotion or negligence for the larger time frame participants and vice versa. Pattern failure on one time frame coincides with pattern success on another time frame.
Seeing and believing are often both wrong. Just because you see a perfect setup doesn't mean it'll work out. Anyone who has been trading for an extended period of time knows that the market can enter funks where it gives head fake after head fake appearing to give a good setup after good setup and failing every time. Sometimes you just have to stay out and wait for the storm to pass. I think where the majority of people get in trouble is that their edge really isn't that versatile and they end up getting in this mentality where they're trying to make up for losses taking the same type of setup over and over when the market is in a funk like I explained above.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
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