Our final trade for Friday 11-7
We acknowledge that this is not for everyone
as it is evening in London and people have lives to live.
For those who may want to obtain this kind of reward
THIS is the cost in time, and of course there is very real
risk involved as well
This last trade of the evening was profitable at +20 if held
The reason we held (it is 1pm in the afternoon here) is that
We anticipated that institutions would place MOC (Market on Close)
orders that would create an imbalance on the "Buy Side" toward
the close of the session. That is exactly what happened, lifting
the market.
Our mentor offered the following comment regarding the "Power Hour
Trade in general.. We asked him whether this kind of trading was considered
"aggressive", and he replied "yes it certainly is" and "I have lost money on
occasion with this trade." When pressed further, he suggested the following
"Generally speaking, "aggressive trading works well if you are skilled
and accept that sometimes you will lose. It's the world in which we operate
We are paid to accept (and manage) risks like this. The best traders I know tend to
be aggressive and like professional athletes, they learn not to let the inevitable
periodic losses injure them emotionally. Just stay within the parameters of
your account size. Never risk more than 1 or 2% max.
Good Luck
We acknowledge that this is not for everyone
as it is evening in London and people have lives to live.
For those who may want to obtain this kind of reward
THIS is the cost in time, and of course there is very real
risk involved as well
This last trade of the evening was profitable at +20 if held
The reason we held (it is 1pm in the afternoon here) is that
We anticipated that institutions would place MOC (Market on Close)
orders that would create an imbalance on the "Buy Side" toward
the close of the session. That is exactly what happened, lifting
the market.
Our mentor offered the following comment regarding the "Power Hour
Trade in general.. We asked him whether this kind of trading was considered
"aggressive", and he replied "yes it certainly is" and "I have lost money on
occasion with this trade." When pressed further, he suggested the following
"Generally speaking, "aggressive trading works well if you are skilled
and accept that sometimes you will lose. It's the world in which we operate
We are paid to accept (and manage) risks like this. The best traders I know tend to
be aggressive and like professional athletes, they learn not to let the inevitable
periodic losses injure them emotionally. Just stay within the parameters of
your account size. Never risk more than 1 or 2% max.
Good Luck
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