this is the day after Labor Day and Friday and Today Show that the market has minor gaps lower and that there's a chance that the market will break lower. the best trade location was on Friday of last week when it gave a nice reversal.... but I talked about that and discuss some of the details. I spent all my time on this video to give you details of how I think and judge probability and then I attached a stop. everything I can think about is what I discuss on this video. am not a mentor... you cannot pay me to be a mentor even though I did it for two friends when I started this.... and I will do this a little longer for two young guys that I want to help if they want to spend the time and study the videos. if you want a signal service you are not going to like this. this is to show you how to trade so that you don't need a signal service. I had a friend years ago who was a very good Trader and he was far better at this than I was but in the end he made some mistakes and is the same age as I am and he's essentially broke... and because of his bad decisions that he didn't monitor and respond to correctly he was afraid to trade. since we were still talking to one another he said he was going to use a signal service and I decided to stick around on the internet to talk to him about his very bad decision . he thought he did his due diligence and said that he followed this guy who was a public figure with Incredible credentials according to information my friend had and I told him watch it but do not trade it. I had even looked at a couple of videos that my friend told me about and I told my friend this guy is not going to be good for you and he gives too many trades in a day and you have to take the trades when you get the signal and he can give signals all day and all night and you don't have enough To trade the way this guy has set things up. I told him what he would have to do is pick and choose and that's a big problem when you have to pick and choose the trades that you like and not trade all the suggestions of a signal Trader which means you don't have a realistic assessment of how this Trader trades. it got worse than that because I told him I would watch with him and I would get the signals from my friend and also when he got out of the trades and both my friend and I couldn't believe how bad the trades were. this guy was terrible and the risk reward parameters and the fact that you would take 3 or 4 or more trades in a day made no sense. my friend is my age nearly broke and probably doesn't trade anymore. avoid people who make mistakes and use poor judgment..... you have to move on unless you want to be like those people you let surround you.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.