One of my students told me about a trade that they took was going wrong because of bad news, during our LIVE NY Session Room. Before I could remind her, she stated, "no worries, cause we dont care about the news". Well thats true and false at the same time....We do care about the news events on the calendar because these are the times that the SMART MONEY players will make moves in the market. We, as RETAIL TRADERS, must know when these events are to occur so we can either: avoid(close trades) or ride(make correct analysis and enter before).
The news event outcomes DO NOT MOVE THE MARKET. The direction was already predetermined for those SMART MONEY Players to TAKE YOUR MONEY. If you still dont know this, you will continue to wonder why, why, why? I've never claimed to be the best trader or even a really good trader. You can ask any of my students...I tell them..I'm a 35% trader with a minimum 2:1 on wins...some go WAY past that. Im no expert but I've learned some things over these years....
Our traders have 3 distinct advantages that help us to Ride the SMART MONEY Waves. 1. We know the game being played and can CHOOSE to play or watch. 2. Our method of technical analysis is as good or better than anything else being taught. 3. Our trade entry triggers prevent us from making emotional decision by sticking to pre-determined RULES....... All of this means WHAT???
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