Being reactive instead of predictive
on actual price action is a winning principle I have seen in many rich traders.
In hindsight these setup outputs look easy and straightforward, the reality is that in the moment of
actual price action traders deal with high levels of uncertainty and this, in particular, is where Mella outlines levels of patience and keeping her members psychologically focused.
As we frequently remind newsletter subscribers, we are always much more focused on the performance of leading stocks and ETFs than
the actual price action of the major indices.
Although the talking heads of the financial media place great daily emphasis on the direction of the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, we suggest active swing traders not pay much attention to
the actual price action of the broad - based indexes (leave that to the «buy - and - pray» long - term investors).
This leads many traders to concentrate solely on reading and trading from indicators, instead of
the actual price action that these indicators are derived from.
Learning
an actual price action method and sticking with it is the first step to fixing your struggles with price action trading.
It is
the actual price action that matters, not what I think or anyone else thinks.