Flying 35000 feet in the air is a different story from driving on regular streets.
You got traffic lights, distractions, pedestrians and other crazy ass drivers.
In the air, it's you and the clouds but the pilot better make sure hes heading in the right direction.
Translate to trading, zoom out on your charts.
Bigger timeframe=less noise.
Clear vision and good sense of direction will make you a great trader.
Change your perspective
Yesterday’s opening bell trade with GUSH, a 3x leveraged oil & gas ETF.
Gush has been on a nice uptrend since Feb 8th and I saw an opportunity for that to continue due to its pre-market activity and a friendly MACD indicator.
I scaled out a bit early, expecting more resistance at the .50 mark, but it’s better to be conservative and green than greedy and red! ✅
Roughly a $15 profit with the purchase of 100 shares. 💵
Sabias Que De Lunes A Viernes El Horario De Apertura De NASDAQ Es A Las 10:30AM, Pero Antes, De 5:00AM a 10:30AM Se Lleva A Cabo El "Pre-Market".
El "Pre-Market" Es El Periodo De Negociación Que Ocurre Antes De La Sesión Del Mercado Regular.
El Horario De Cierre De NASDAQ Es A Las 05:00PM Y Tras Esto Existe Una Sesión "After-Market" De 05:00PM A 09:00PM 📊📉📈.
One of the first lessons I learned was that one of our main advantages as retail traders is the fact that we don’t have to always be trading. Sometimes it is best to not make a trade at all if you don’t see a clear setup or see an opportunity you are comfortable entering.
I had a day this week where this exact case happened. Usually in the past I would have forced a trade, feeling the need to get something in before the volatility dies off in the middle of the day, but this time I didn’t.
I ended up not making any trades on the day, and felt great about it. It showed progress of becoming more systematic about my approach, and less emotionally driven.
I’ll be in the simulator for at least a week more before I get back into live trading. Can’t wait till the weekend is over! 🤑