I once heard the expression,"It's peaceful and calm on the ocean floor...no wind blowing, no storms raging, no waves crashing. Just quiet and serene"
That's the only way to trade. There is so much emotion and distraction in the news and on the trading floor. Some veteran traders insist that you can't trade successfully without "pit noise". I disagree.
All I need to know is the current buying and selling pressure. Because, no matter what the news says, no matter what the issue of the day is, it's going to manifest in either buying or selling.
And before the buying and selling take effect, the pressure change will signal the direction.
Sounds almost too simple. But ask yourself, what happened the last time you got caught going the wrong way? Why did you abandon that good trade? What kept you out of that good set-up you saw?
Was it a shake-out... a head fake?
You just knew the market was going to breakdown because the news just kept getting worse and worse right? And then it took off like a wild stallion for the hills!
The "Last Hope Trader" is all about reading buying and selling pressure -- the changes -- the pivots and most of all the profits.
Warning!
Futures Trading Disclaimer: Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
That's the only way to trade. There is so much emotion and distraction in the news and on the trading floor. Some veteran traders insist that you can't trade successfully without "pit noise". I disagree.
All I need to know is the current buying and selling pressure. Because, no matter what the news says, no matter what the issue of the day is, it's going to manifest in either buying or selling.
And before the buying and selling take effect, the pressure change will signal the direction.
Sounds almost too simple. But ask yourself, what happened the last time you got caught going the wrong way? Why did you abandon that good trade? What kept you out of that good set-up you saw?
Was it a shake-out... a head fake?
You just knew the market was going to breakdown because the news just kept getting worse and worse right? And then it took off like a wild stallion for the hills!
The "Last Hope Trader" is all about reading buying and selling pressure -- the changes -- the pivots and most of all the profits.
Warning!
Futures Trading Disclaimer: Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
