Keep it simple. Home runs are nice but pros take out the middle of most moves. Pro traders quickly get into a position where they are playing with the market s money. A pro is quick to change his view if proven wrong and does not let his ego get in the way. There is no Holy Grail.
Great patterns come and go.
The hallmark of a professional trader is their ability to be agile and adapt their style and technique to the market at hand. All charts used are with simple moving averages and candlesticks. All our charts have histogram volume bars at the bottom. In adhering to this policy, it will help us identify when a true emergency is at hand. It is during this challenging time that a clear understanding of Win Loss Clustering will help a trader retain his sanity.