Tuesday, October 27, 2015

In Day Trading… Timing is Everything


Do you want to know a secret? Professional traders enter their trades early. Why? Because the Professional knows that by entering a trade early he is able to stack the odds in his favor. Entering early puts him ahead of the throngs of other traders who are also planning to enter the market, but are waiting for the bar to finish forming on their charts. Meanwhile the Professional has his order in well ahead of everyone else, allowing him to get a better fill with less slippage. Not only does he get a better price when he enters a trade, but early entry also allows him to get an earlier profit and minimize his losses, if the trade should go badly. But the “secret” is not merely entering a trade early; rather it is knowing when to enter the trade early. The Professional trader knows there is too much risk involved in entering too early. If there is too much time left before the bar completes there is too much uncertainty as to how the bar will finish forming and more uncertainty mean
https://www.indicatorwarehouse.com/timing-is-everything/

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