Posted by: joetradingplace | January 22, 2013

Thought of the day

A lot of traders try to do the opposite of what the big traders (hedge funds, banks) do, and they wonder why they keep losing even after a couple of years of trying. The big money movers dont trade for a small 5 pip move, they go for the big swings. So if you can’t beat them join them, you will see a huge change in your trading results.

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Responses

  1. How do we anticipate the big swings like big money movers?

    • Trade in the direction of the big waves, avoid trying to pick tops and bottoms. And when you are in a trade that is moving in your direction, stay in that trade until you milk all the pips you can from the move.


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