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Market Psychology of Trading Ranges E-Mini S&P 500 Futures; SchoolOfTrade.com
Today we had a range day on the S&P Futures which can be one of the most difficult days to trade — especially for new traders. On days like this, we need to be looking to buy low and sell high and fade every breakout assuming it will fail.
That concept can be VERY tough for a new trader to get their hands on because we always want that big run and days like today will NOT give them to you. This was a beautiful day in the eyes of market psychology!