February Closing In Down Month End of Month Short

24 thg 2

I will be watching this last bearish candle and how price pullsback into it. I am looking at the daily chart for a doji day and a rolling over of price action. I am expecting it to be near the end of the month. There is only 5 trading days left of February.

Thursday broke out and closed below the last 6 days.



I am letting the market set up and waiting.

Currently, I am up 5% in February. I feel that this is too little of return for the amount of effort I have put in. I believe I am doing too much. I need to hit one or two monster trades in a month with little stress. Hit the trades that are all day holds that the market has no intentions of coming back. Why would I do anything else in between?

Jim Rogers famous quote that really resonated with me,

" I wait until there is money lying in the corner and all I have to do is go over there and pick it up. I do nothing in the meantime "

My trade management approach is using a 100 tick stop after entry, no profit target and hold to the close. I take only the one trade in that day. One loss Max per trading day.



To have the best trading results, paradoxically, one must not trade. Less is more. I am guilty in this. I struggle with an alpha mindset where upon if I am not taking action, then I am not advancing my goals. Although I am a profitable trader, my results could be ten times by doing less.

26 thg 2

Ghi chú

I will be looking out for the short trade on Wednesday. It looks like it is setting up for the short continuation dump. I will be using a 100 tick stop and no target. Hold until the close.