Depends on what instrument you're trading options. Take a long straddle on NFP day on FTSE and tell me fundamentals are irrelevant. I hear what you're saying about news driven swings of over reaction but you can't say that on one hand and then say fundamentals are irrelevant.
'orses for...
yep entries are key but only because it gives you faith in the system you are trading, it gives you that mindset that where you have entered is the right point to enter and from there you have to manage the trade. If you enter on the cross of a MA, you enter on the break of a major support line...
Essentially it comes down to having a trading plan that you're confident with and one that you have developed yourself over time. From reading your posts I think you have a great mindset to trading. The psychology of trading is the main factor as to why so many people don't make it in this...
Nicely said Slapshot,
I agree in most although this notion of trading without emotion I believe is a fallacy. Emotions are the things that have guided us to where we are today, you need to listen to these and let them guide your trading decisions.... however you can only learn this over time. I...
Why would you limit your profit. the old adage of "no one ever went broke from taking a profit" doesn't hold water if your losses exceed your wins. "let your winners run and cut your losses short".
Why would you use a TP level based on time and not on the market itself? Base it on S/R, or even...
Agreed. You need to find a tarding style that suits your personality. The majority of indicators are lagging and show nothing more than you can see from price action alone. The most powerful indicator you have in your arsenal is your own perception of the market. Forget indicators they just...