- Dont try to be perfect, because your are not perfect and mistakes are normal.
- Embrace imperfection, the idea that you have to know everything. You dont have to be right, being right is not equivalent to being profitable. This is a very important factor.
- Dont be afraid of being wrong, thats a psychological barrier that you need to get over it.
- For your daily BIAS, you are going to utilize the daily chart to determine whether or not the next candle is going to be bullish or bearish.
- Once the price is consolidating around equilibrium on the daily chart, it gets very difficult to determine a BIAS. You then have to rely on these smaller timeframe intraday charts and simply looking for liquidity pools, so you are going to trade intraday volatility. Running old highs/lows.
- Macro is something inside of an algrorithm that prevents or enables delivery of price.
- If you want to know how the market is likely to deliver, put some skin in the race. you will have a greater feel for what it is doing when you put a order in. It doesnt need to be a large order. You are reading the reaction of the market. You watch how price deilivers around that order. Because you have money in it the position, you are going to be more attentive to what price is doing and what you are familiar with reading price than if you were just watching the charts paint the candles.