Successful trading has as much to do with timing as anything else. You can have all the best tools at your disposal, but that won’t help you much if you miss the move of the day. Most markets will make only one major move in a session. Occasionally you will see a smaller secondary move before the end of the day, but that is rare. It is important is to recognize when you might have missed the move of the day and resign yourself to that fact. Failure to do so might cause you to chase less promising trades which are likely to turn into losers. This week has been a good example of the Move of the Day Rule. The stock indices confined themselves to making one good move during the day, either higher or lower, and then remained relatively range-bound for the rest of the session. Below is a chart of the NASDAQ. Notice how the market became Flat after the big run up. If you missed the initial move you would have been wise to turn off your computer and head to the golf course instead. Attempt
https://www.indicatorwarehouse.com/the-move-du-jour-rule/
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