Struggling with your trading?
Always return to first principles and confirm that you’re trading approach is consistent with these principles.
From a trade entry perspective, this would include the following:
- You must aim to BUY at areas where you know others will buy after you, because their buying will create the net orderflow or bullish pressure to drive prices higher, allowing you opportunity to profit
- You must aim to SELL at areas where you know others will sell after you, because their selling will create the net orderflow or bearish pressure to drive prices lower, allowing you opportunity to profit.
(Why… see the YTC Price Action Trader, Chapter 2)
(How… see theYTC Price Action Trader, Chapters 3-5)
Buy before others will buy!
Sell before others will sell!
If you’re struggling, ask yourself honestly whether or not your entry method is consistent with these principles. If not… well you’ve seriously got to reconsider your trading plan.
Buy before others will buy!
Or if it helps, consider it from the opposite perspective… buy because there are no more sellers.
Sell before others will sell!
Or if it helps, consider it from the opposite perspective… sell because there are no more buyers.
When struggling, always return to first principles!
Buy before others will buy!
Or if it helps, consider it from the opposite perspective… buy because there are no more sellers.
Sell before others will sell!
Or if it helps, consider it from the opposite perspective… sell because there are no more buyers.
Happy trading,
Lance Beggs