EVERY Trader NEEDS To Understand THIS๐จ
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 Isnโt Enough. A Bias Isnโt Enough. You Need Confirmation. Thatโs The Signal That Conditions Have Changed. Thatโs The Signal That Momentum Is Shifting. And Thatโs The Signal That Itโs 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 Isnโt Enough.
A Bias Isnโt Enough.
You Need Confirmation.
Thatโs The Signal That Conditions Have Changed.
Thatโs The Signal That Momentum Is Shifting.
And Thatโs The Signal That Itโs Time To Press The Gas.
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