Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Tomorrow Thursday no trade - volumes will be very low and trend not sure.
Easter long weeked. Next trade on Tuesday foreseen.
In that kind of uncertainty - many things might happen. So staying at the
sidelines is best.
Plus deciding on Tuesday what trade to take next.
It looks normally not bad for higher prices after Easter - but with Trumps
unconvetional harsh movements (to say at least) we are not sure what
the markets are doing in no time.
There is a upside.
There is a probable downside too - with prices of the Dax around 11800 within
one day. Depending on those political markets.
Today the second option (down and more down) was to find in the DAX.
We could see some good points in gain. After a small fire around 9...
More to welcome tomorrow: same direction - as always on Wednesdays.
In fact price was testing <12K during cash hour. That will be the case
again.
.. citing from some advice I gave in another thread***:
Yesterday the market gave a lot, today a little.
As long as all is in the green - nothing to be ashamed of.
Good trades!
GFIs1
PS: Be prepared to see around 11800 very soon!
***citing from thread "Throwing in the towel"
2 simple observations
If you think you have an edge - just make a statistic of every weekday.
Observe your results and scratch the weekdays with bad results.
Get to know your markets by heart. (Best to stay with one instrument).
Stick to your plan - never revenge trade to get "better" results.
Only take what your market can give you.
Optimize your stop levels (with backtesting).
If your outcome is still positive over a lengthy time then:
1) Reduce your trades to the most positive days / hours of a day etc.
2) LEARN when NOT to trade!
I repeat: Learn when NOT to trade....
That helps to reduce any larger drawdown and negative emotions.
You will see a massive gain of your skills - that make your decisions
even easier.
