You know what I feel like a dumb idiot... i took two positions for two whipsaws and didnt take this final position of going short...... grrrrrr!!!!!!!!!!!!!
:annoyed::annoyed:
(NOT MY WORD COPY AND PASTE)
Always Be In the Market
I have always characterized trading the trend as keeping your costs down while waiting for the big move. We know that to trade profitably, especially for trend traders, you need to be in the market for the big move. Many traders stay out of the market when its quiet and try to predict when the big move will occur.
These people invariably miss the big move.Instead of trying to predict when the big move will occur, your task becomes to minimize your losses and drawdown while you are waiting for the big move to occur. This is a different way of looking at trading that focuses on managing cash flow and risk rather than finding magic indicators and making good predictions.
Trading thus moves from a hobby to a business.
The only way to ensure that you wont miss the big move is to always be in themarket.