Discretionary trading = trading that abandons the absolutes of the market
If you are going to exercise discretion
you must absolutely discard anything absolute from the market
Discretion = you end up forced to average down
To escape the nightmare of averaging down
you must discard absolute thinking
The idea that trend is everything is useless
The market is indeed one trend, but the market leaps beyond one trend and one shortcoming
It will come without flinching at any phenomenon
So, from the market, anyway
Eliminate the notion of “because it’s a certain market, I’ll just proceed”
Also, the nightmare of averaging down = you’ve got the market direction wrong
Each time, think about the direction of the market
In short,
the sensation system and the deliberate thinking system converge into a probabilistic way of thinking
That is what pushing discretion means, and that is the concept of the market
Thinking in terms of a trend market or a range market yourself is the very origin of mistakes
It is better to think only in terms of the market’s “momentum”
This makes it easier to follow this probabilistic way of thinking = easier discretionary judgment
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