«Set and forget» trading approach allows you to remove the potential for human error as well as
catch big moves in the market, all while you are away from your computer.
Catching big moves in the market, building your trading account from a small one into a big one and becoming a successful long - term trader are all things that can only happen if you are willing to simply «do nothing» most of the time as your trades play out.
This big move in the market is linked to Arsenal's possible sale of Alexis Sanchez.
Thus, we can see
that big moves in the market can take longer than we think to play out.
For anyone following my tweets, you would have seen on Friday, I bought 20 puts and 20 calls on QQQ knowing that there was going to be
a BIG move in the market this week with all this debt ceiling deadline nonsense.
With
every big move in the markets there's a gaggle of gurus claiming they predicted it.
A better trade entry can significantly improve the risk reward potential of a trade as well as get you a better stop loss placement which can decrease your chances of getting stopped out of
a big move in the market.
The end result is that they don't catch
any big moves in the market, and they will eventually probably lose money.
It's hard to achieve, since real money is on the line, but if you really want to catch
big moves in the market and make big money, you're going to have figure out a way to «sit on your hands» more often when trading a live account.
Here are some tips to help you stick with your original call / trade which will help you catch
bigger moves in the market:
It's not how you catch
big moves in the market and hence, it's not how you build your trading account or become a pro trader.