Tuesday, November 1, 2011

ES Reacts into * * * KRA Downside Support

Sometimes its difficult to be patient when looking for new long entries in the market, or spots to cover, or when looking for solid support thats below the aggressive selling pressure which has been happening the last few sessions. But patience and excellent trade location is all you need to find. When you have your area established and are swing long against your ideal trade location and against the rest of the herd (which is very short at the time) you have to let the trade work for you and be patient. Its all about running stops in this business, thats how we get paid. Alot of traders in this business fail because they tend to micro manage posions/overtrade and not let the big picure of OTF work for them. Patience is a viture and is the key ingredient to being successfull in this business.

No comments:

Post a Comment