-
Understanding supply and demand, as well as the footprints left by institutions, is crucial for building a successful trading strategy.
-
Understanding when to be bold and when to back off in trading is key, but always remember that risk management is the cornerstone of success.
-
Understanding who’s in control of the instrument is crucial for making trading decisions, especially in protracted down trends or when entering short positions.
-
If you can’t define your trading edge, you really don’t have any reason to put risk on.
-
The use of technology helps instill a sense of patience in trading, preventing overtrading and FOMO, leading to better tradeoffs.
-
Setting guidelines for buying and selling based on emerging strength and potential resistance can lead to greater gains and smaller losses in trading.
-
Position sizing is probably the most important thing that I bring to the table in terms of defining an edge.
-
Re-entering the market strategically is crucial for capturing big moves and making a successful year in trading.
Anchoring and Supply/Demand Dynamic
-
Anchoring to the point of a catalyst like an earnings report can help identify supply and demand dynamics in trading.
-
The importance of defining anchor points for trading decisions based on recent and relevant price action.
-
Anchoring from the high to the gap can indicate a potential squeeze, leading to strategic trading decisions.
-
The anchor from the peak can provide accuracy in predicting price movements.