The chance is filtered from the start by "time" and "price range."
So far,
many traders think they are performing the “proper stop losses,”
and I believe the structure of why capital keeps getting eroded has become clear.
Now the next question arises.
Well,
if it’s after the “stop hunting,”
is it okay to enter anywhere?
The answer is, NO.
In fact, here lies the reason why
intermediate traders cannot rise to the next level.
Professionals削削 the conditions before the “place.”
Many people think like this.
- a favorable market shape
- clean highs and lows
- clear breakouts
But,
what professionals first look at isn’t that.
It’s the time and the price range.
To put it more plainly,
that market is
“standing on the floor where hunting can occur in the first place.”
They sieve this first.
In markets with no range, hunting cannot succeed
Stop hunting does not happen due to emotions.
It happens due to efficiency.
In other words,
- hunting occurs but no price range appears
- there’s no room to move
- it’s not profitable
In such places,
there is no reason to purposefully place orders.
Therefore professionals,
- prefer markets where a certain range has recently formed
- where energy has already accumulated
- in which after a run there is likely to be a “cleanup” moment
and only such markets
they consider as the target from the beginning.
Time is the same. Hunting doesn’t occur at any time.
The same is true here.
- Tokyo session
- early London
- early New York
Depending on the time,
the quality and quantity of participants are entirely different.
When there are few participants at a given time,
large hunts are unlikely to occur.
Therefore,
when to enter
is not the question,
but when not to do it under any circumstance is decided in advance.
This is decided beforehand.
The traps that most often ensnare intermediate traders
Here, many intermediates end up like this.
- they understand the theory
- they understand the structure of hunting
- but ultimately rely on discretionary judgment
And then again,
- they enter
- they waver
- they cut
- they try to recover
and they loop back into this pattern.
The problem isn’t knowledge.
It’s that judgment remains with you.
Next time on the forecast
Then,
how can you collapse this “time” and “range” into a condition rather than a judgment?
From what perspective should you look to immediately decide “not today”?
Next time,
to reduce discretion
we will organize the viewpoints to cut off at the start.
? Episode 6: Professionals discard 80% before entering