How to Know EXACTLY When to Take a Trade
Candlestick patterns are useless. But if that's the case, how do you know when to take a trade? Jordan & Levi answer a listener's question, and provide insight into how a successful trader makes decisions. ***************************** Use code "ANARCHY" for 20% off your evaluation at TradeDay, the futures prop firm that we personally use! To visit the website, go to www.tradeday.com ***************************** SUMMARY: In this groundbreaking episode of the Anarchy Day Trading podcast, we delve deep into the essence of day trading, shedding light on the pivotal question every trader grapples with: when to take a trade. Unlike the conventional wisdom that relies heavily on candlestick patterns or technical indicators, we advocate for a more intuitive approach, emphasizing the significance of 'feel' in trading decisions. This episode is a treasure trove of insights for traders who seek to transcend the traditional methods and harness their innate trading instincts. We challenge the status quo of day trading strategies, debunking the myth that candlestick patterns and technical indicators are the be-all and end-all for successful trades, and reveal how relying solely on these tools can hinder your trading journey, urging traders to trust their brain over any cheat sheet. This episode is not just about trading; it's about redefining it. We draw compelling parallels between day trading and sports, particularly soccer & chess, illustrating how the mastery of trade timing, much like the perfect soccer kick, comes from experience and not from adhering to a prescribed set of rules. Tune in to discover why your intuition and trading 'feel' are your most valuable assets in the market. Learn how to refine these skills, understand market dynamics, and make decisions that align with your trading psychology and strategy, ultimately leading to consistent success in the volatile world of day trading. Don't miss this transformative journey into the heart of day trading, where we equip you with the knowledge and mindset to identify the opportune moments to trade, leveraging your unique trading style and intuition. Say goodbye to the outdated reliance on candlestick patterns and indicators, and embrace a more holistic and instinctive approach to day trading. This episode is a must-listen for anyone eager to elevate their trading game and achieve long-term success in the financial markets.