THE story is about watching a professional walk across Niagara Falls on a tightrope. Over and back, over and back with no problems. Then he goes over and back with a wheel barrow. Then asks you to get in the wheel barrow....
Watching is paper trading. Good for the mechanics, how to use the tools. But not even close to the ride in the wheel barrow, where it gets real; the risk and the reward.
Get in. Focus on your charts, the PA entry and exit strategies. not the dom frantically trying to take every order. Play the chart, not the +/- in the dollar window.
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Today was a range bound day, and was noted as such early. Also noted that today was likely a +/- 2 points from key levels (the BOT). No fancy quotes from the chat room tonight. If you want the information, join us on Mirc at #Chartmaster.
Instead, here is the chart with notes added. T1 and T2 were targets for trades. Tight trading days are contracting in nature and will be more difficult to play than break out expansion days. Difficult, but profitable........
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