TL;DR
This blog post emphasizes the importance of identifying trade setups and staying aware of macro trends in trading. It advises traders to remain active during significant market movements and not to miss potential profits. The insights aim to enhance trading strategies and decision-making.
1. NEVER Take a trade unless you can fully identify the setup
2. Always pay attention to the Macro Trend and be ready for the next lower high. When these days occur and we have massive trends...DO NOT stop trading
January 18th, 2022 (+$35) Left 10x PnL on the Table (tradejournal.co)
The main focus is on the importance of identifying trade setups and understanding macro trends in trading.
Traders should continue trading and not stop, even during significant market movements.
It means that traders should only enter trades when they have a clear understanding of the market conditions and their strategy.
A macro trend refers to the overall direction of the market over a longer time frame, which can influence trading decisions.
It indicates that the trader missed out on potential profits that could have been earned from the trade.
Portfolio(s): $25k Challenge, Swing Trading Momo, Day Trading Momo,
Portfolio(s): Futures,
Portfolio(s): Day Trading Momo,
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