This is truly a critical moment, a matter of survival or demise.
The long trade’s right-side setup failed, and the price fell straight out of the comfort zone. The biggest risk with right-side trading is that gains made while things are comfortable can be given back before long. Meanwhile, left-side trading—betting on a reversal at a particular price level—can mean facing repeated stop-losses. No single strategy can suit the market as it is now.
Keep working at it. Until you truly understand the market, you have to pay for experience. If there’s no major move tonight, I’ll sit out the weekend and keep at it on Monday.
The long trade’s right-side setup failed, and the price fell straight out of the comfort zone. The biggest risk with right-side trading is that gains made while things are comfortable can be given back before long. Meanwhile, left-side trading—betting on a reversal at a particular price level—can mean facing repeated stop-losses. No single strategy can suit the market as it is now.
Keep working at it. Until you truly understand the market, you have to pay for experience. If there’s no major move tonight, I’ll sit out the weekend and keep at it on Monday.
