just a few observations and words here…..

just a few observations and words here…..I had said the 1055 bar almost guarantees a Pb…and I had mentioned a poss sell near the open..but have not traded yet today. I generally try to look for setups…in trading..that have the potential and higher probability to attain something like a 2-5-be and see( and where one can allow for more risk which leads to higher profit)…this prevents over trading and helps with patience and discipline…all daytrading is gambling and risky to an extent…if one is scalping at every so called signal and over trading it will almost certainly lead to frustration and loss for the vast majority of traders….IMO – I would rather do 4 trades and make 30 ES points than 40 trades( which is not that unusual for trading sites and daytraders)…and have huge brokerage cost and the inevitable confusion, frustration and most likely…financial ruin that it will entail. Invest and trade in the same way. In the lowest possible risk that we can and only when we feel we are on the side of the exchange insiders.

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