The Million $$$ Quest 2006

Missed: Day 1

I missed one of the best trading days ever..

I left +200 pts on the table. Just thinking about it makes me sad.. :( I am a grinder.. I cannot miss trading days.

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After about 12-14 days of "left too much on the table" I decided that day would be the day I take them all off. coincidentally that day market decided to run straight off to the other direction, all my hard works and then some disappeared in a flash. Now I no longer care if I "left to much on the table" :)
 
There are no missed days in trading

There are only lack of information/knowledge to satisfactory predict near term movements which are 100% predictable.

One should know what the market/instrument MIGHT do tomorrow ,

<b>today.</b>

If you do not know, you have not / can not prepare.

Opportunity + preparation = Success.

Opportunity + blindfolded = "Another missed +200 point opportunity"


Understand this and you will have stepped your game to the next level.
 
One should classify the next day as:

1) TREND
2) CHOP


3) Why is it going to trend/chop

4) Important Range High And Low for CHOP.

5) Breakout high or Breakout low for TREND


And trade accordingly
 
Quote from coolweb:

Actually Ripley,
Disregard the comment, I get confused which traders do what :)

no no.. not a scalper.. Trend following scalper... lol...

..aka.. TurtleScalp
 
Quote from ksonsinc:

Hey Ripley good luck
Hope u catch some of the +200 points soon :)

Ksonsinc.. thanks for the comments man.. at least 1/4th of it is GOOD.

Because I am a really short term trader, 2 days of missing action feels like an eternity.
 
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