Friday night dummy
When I have been trading poorly or I have lost some confidence in my trading, I often go through Maoxian’s dummy lessons. It is a huge help. It always seems to bring me back to center. What I usually do is click on the top entry (the last one), read it, and then click on the “previous entry” link. This way you can go through the whole set pretty easy.
Check out this trade where he made over 15R on a short of JDAS.
Look at the bias in the broad market, find an unusual suspect, trade with the trend, wait for your spot, set your stop, manage your risk.
…every trade you play “correctly” is a winner, no matter if you make or lose money.
The main thing you have to remember when trading is that you don’t want to complicate things. Keep it simple and try to limit the number of decisions you have to make every day.
If this were published in book form, I would buy it.
