Thursday, February 12

Trading Mantras to be successful trader

  • Seeing an opportunity and acting upon it are two different things.
•  Price has memory. Odds are what price did the last time it hit a certain level will be repeated  . . . (BR:  Until support or resistance fails).
•  Pay attention to price action, regardless of what the charts are saying.
•  Look for a reversal at the same place you’re expecting a breakout or breakdown.
•  Price action sets up against the majority; the best profits are often in the opposite direction of the way you’re planning to go.
• Add to your winners and cut your losers. ’nuff said.
•  Opportunities come along all of the time. Wait for the best ones.
•  Don’t overly anticipate or see things that aren’t there. Wait for your signals.
•  The day isn’t over until the clo


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