I keep getting a similar question from people im trying to help, and that is "How do you know its going to be a higher low"
The answer is i have no fucking clue most of the time if it will be a higher low, i try to put the pieces together in my head, i try to make a decision, but im always on the verge of either cutting a position or adding to it, admittedly, i peaced out of the ES today when i really think this should have been a home run, im trying to post all my thoughts at the time, to show how quickly your mind can change, but the bottom line is a stock/index that looks like a sweet buy will always turn into something that looks like a sweet sell, all based on the same number..... stocks and markets pivot around certain points so i got my finger on the trigger around those points and im willing to either hit out or add depending on the level of conviction going into the trade.
90% of the time i spend deciding if i will buy or sell im just trying to read it around a certain level so i might switch from buying to selling in like 2 seconds, but the important thing is knowing where a stock will make a big move, where it will either hold up or break out, then you just take your shot. If you only put yourself in good positions and always stop yourself quickly if your wrong, you cant lose money in the market.]
I thought all of these last 3 were higher lows though, its about taking risk off the table when you can, and being confident when you think you have the nuts.
