Lessons Learned - Bear Market Trader - Page 2
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For more info on each Gold Nugget please refer to the cor­re­spond­ing Dai­ly Report Card


OBR needs momentum and thus is less suited for a mean reversion trade in FX. More suited for single stocks, equity indices and gold. Asset management type products.  Mean Reversion could also be suited for an early entry based on lower time frame price action. I will refrain from this for now though since I am focusing on basing my plays on the M30.  ...

Even though conditions are right for a certain setup if entry signals don’t get triggered during trading window there is simply no trade #NEXT ...

When things are ambiguous it is an obvious reason that I lack clarity. When I lack clarity. I don’t trade.  ...

That I can stay rational and I have to mention it again. Psst….  You! You! Listen up. Working out fucking helps. It’s the SECRET to trading   I definitely feel less fight or flight. So don’t fight it (see what I did there?!)! Just do it. ...

I am not the person I showed last month. I am very much in tune with my own physiological make up and I know when something is wrong and when I feel off. Last month was a huge hit to my cognitive function due to a chemical imbalance. Who knows me better than well ME?!   Enough of that. #NEXT ...

Late sustained auction entry — will consider experimenting with this at a later stage. First focus on the foundation of the MS approach. ...

After taking some losing trades it is hard to convince yourself that it is just part of the statistics. You win some, you lose some. Although there were other factors at play I have no one else to blame but myself. After having spent the week focusing on aligning with market narrative I finally took a trade after I felt confident enough that I was aligned. Even though…. Market alignment does not equal guaranteed profits. It just pushes me to be on the right side of the market with a statistical edge to play out. The market does what the market does. Sometimes we are in sync with it. Sometimes we are not.  ...

I learned that focusing on aligning with market narrative slowly gives me back my confidence. In no-time I will allow myself to take a trade. No rush. I find it a calming exercise actually.  ...

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