Apr 19, 2021 Josh Martinez here!
It's Monday, which means another week full of trading opportunities. But if we take a look at the latest data, it seems like the futures market is pulling back from last week's rally. So how do we handle these market shifts, especially when they occur right after a rally? That's when we utilize our timeframes to zero in on the current trend to see if a possible U-turn is on the way. Our timeframe analysis allows us to foresee any upcoming changes that would put the markets in the buy zone. And once that happens, we can jump in and make some money! It's all about patience and not allowing your emotions to overrule your trading plan. Keep an eye on things, follow the timeframes, and let your trading plan lead the way!
Mindset Advantage: Ignore the Herd Those talking heads will get you into trouble. Sure. They're entertaining. They have a lot to say. And yes, they bring you information. But when it comes to your trading… those talking heads can cost you a lot of money. Why? It's their job to entertain and retain viewers - not give you the entry or exit you really need, let alone an insight that will provide an advantage. Let's face it… by the time it's coming out of their mouth, the market has already responded. And when it comes to news that's about to come out? Like this Friday's Jobs Report - they really don't know. So don't let them whip you into a frenzy. Don't take the information they provide and place a trade on it. Don't follow the herd... it's headed over a cliff.
There is a very high degree of risk involved in trading.
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Monday, April 19, 2021
What to do when the market shifts
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