EVERY Trader NEEDS To Understand THIS๐Ÿšจ

Words of Rizdom ยท Intermediate ยท๐Ÿ›ก๏ธ AI Safety & Ethics ยท1mo ago

About this lesson

Everything In Trading Comes Down To Signals. And Confirmation. Most Traders Get Aggressive Before The Market Gives Them A Reason To. Professionals Wait. They Let The Market Show Its Hand First. Because A Setup Isnโ€™t Enough. A Bias Isnโ€™t Enough. You Need Confirmation. Thatโ€™s The Signal That Conditions Have Changed. Thatโ€™s The Signal That Momentum Is Shifting. And Thatโ€™s The Signal That Itโ€™s Time To Press The Gas.

Full Transcript

Everything in trading is all about signals and confirmation. For you to be heavy or aggressive in [music] your trading, there has to be some sort of signal or some sort of confirmation that tells you that you should be aggressive. So, the analogy that I always use is Bow at Disney World. So, you're making a bet and the way that you win the bet is if Bow gets drunk. [music] So, if Bow goes to Disney World, there's probably a 50% chance he gets drunk. Okay, you might be taking that. But, if Bow's at the club, there's a bottle of Hennessy and a couple cute girls with [music] short skirts, 99% chance he's getting drunk. What's my signal? My signal is when he starts slurring his words. When he starts wobbling around, that's my [music] confirmation for my trades. That death candle is my confirmation. That's my signal that the trend is reversing. That's my signal that things are changing. That's my green light that I should start getting more aggressive [music] on the trade.

Original Description

Everything In Trading Comes Down To Signals. And Confirmation. Most Traders Get Aggressive Before The Market Gives Them A Reason To. Professionals Wait. They Let The Market Show Its Hand First. Because A Setup Isnโ€™t Enough. A Bias Isnโ€™t Enough. You Need Confirmation. Thatโ€™s The Signal That Conditions Have Changed. Thatโ€™s The Signal That Momentum Is Shifting. And Thatโ€™s The Signal That Itโ€™s Time To Press The Gas.
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