May 29, 2012

Patience and a simple trading plan earned us +195ticks today

 

This morning’s trading strategy was just as simple as our 5 winning trades for over 195 ticks of profit this morning.  We come back from any break in the action with the same day trading strategy;  get back into the routine and stay patient.  First, we needed to get the dust knocked off our keyboards and get the rhythm moving forward this morning to remind us we have a plan and also why we love this business.  Second, we needed to remember that most of the traders in the market would come in late after they showered off the suntan lotion after the memorial day long weekend.  We had to remember the SAME reason we didn’t want the weekend to end was likely going to be the cause for staying patient to wait for the market personality to enter around the US Open at 930am EST.

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