IS IT POSSIBLE TO BOTH RANGE BOUND and TREND TRADER?
I had an epiphany of sorts lately and realized i am simply a crap trader when mark grinds away in a trend move. But rotational markets i can pick off trades all day. I know i watch longingly as a market races away without me but i wonder if trading range bound markets versus trending are mutually exclusive mind sets. I would be curious as to other opinions on this. Ciao.
The following user says Thank You to drago1 for this post:
You trade what is there but you also only trade when you have an edge. If you have no edge in trends, don't trade trends.
Personally I have different strat/rules for a range vs a trend. My only job when I trade is determine the context and apply the correct strat when trading. In a trend buy or sell on pullbacks, in a range buy low sell high and scalp.
The following 3 users say Thank You to tturner86 for this post: