- Consider practicing trading on larger time frames
- Exercise patience waiting for moves to manifest. Moves don’t always happen right at the open
Overview: You’ve been executing brilliant technical analysis and your game plans have been spot on. Some of the moves you’ve outlined & predicted have taken time through the day to come to fruition, but you’ve not waited around for them, as you’ve been trading immediately at the open. While things have worked out, and you’ve had the opportunities to follow your plans right at the open, this may not always be the case. More often than not, you should expect to have to wait a bit before the moves you’re anticipating play out. Other than this takeaway, consider beginning to experiment with trading on larger time frames, particularly hourly. Your analysis has been spot on especially on larger time frames. Capitalize on this technical analysis you’re executing so meticulously and find the plays where you can capture much larger moves. This will come with time, as in these still relatively early stages I’m trading with small size and small risk tolerance. Swing plays necessitate greater risk tolerance. All in good time.