In economy, people concern about demand & supply.
In business, people concern about biz model & cashflow.
In trading, traders concern about setups & holding power.
coz intrading, we can be right but can still end up as loser if we dont have that holding power.
Not holding a loss, but ability to holding a frog that can turn to a prince.
Entered, market did its magic and reversed, stop loss kicked in and market gave me the spelled magic frog, then market continue to its glory without me. It happens countless of times. Then I will look to other setups (countless).
Becoz my account is really micro and may be died soon after 9 years without topping, I need to relied to tic tac (reverse of tac tic)...the finer details of how to enter with a tight stop. The setups are more like maps (overviews)..the tic tac is like a compass (details) that may save the food rations/money (holding power),, in the market (the jungle).
Enough philosophy for tonight.
1st test ..won fake money USD 340++ in SIM, shorting green candle at close in trading chart, in short enviro (Yesterday daily candle was red, current candle near red, SR choppy).
In business, people concern about biz model & cashflow.
In trading, traders concern about setups & holding power.
coz intrading, we can be right but can still end up as loser if we dont have that holding power.
Not holding a loss, but ability to holding a frog that can turn to a prince.
Entered, market did its magic and reversed, stop loss kicked in and market gave me the spelled magic frog, then market continue to its glory without me. It happens countless of times. Then I will look to other setups (countless).
Becoz my account is really micro and may be died soon after 9 years without topping, I need to relied to tic tac (reverse of tac tic)...the finer details of how to enter with a tight stop. The setups are more like maps (overviews)..the tic tac is like a compass (details) that may save the food rations/money (holding power),, in the market (the jungle).
Enough philosophy for tonight.
1st test ..won fake money USD 340++ in SIM, shorting green candle at close in trading chart, in short enviro (Yesterday daily candle was red, current candle near red, SR choppy).
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