By the end of this session you will:
- Understand the 5 major conditions that can increase the odds of having a high conviction trend day
- Be able to identify the various conditions in a live market scenario before the open
The benefits this session will give you:
- One of the greatest causes of losses is when traders “get run over by a freight train”. That is, they fade a strong trending day and take many losses. On the flip side, one of the greatest causes of mediocre performance is not capturing large winners. At the root of both of these problems is the lack of ability in correctly gauging the odds of having a trend day. Once you know the 5 pre-market conditions that increase the odds of trend, your trading will make a marked leap forward.
Daily Trade Plan Development in Action (Step 5) Key Takeaways (PDF)