The Most Important Lesson You’ll Ever Learn
Sometimes the market just doesn’t
“serve” up a whole lot of opportunity, and even high probability
trades seem to take a “bite” out of our trading accounts. Instead
of letting it get you down, concentrate on controlling your risk and containing
your losses to a reasonable amount. Congratulate yourself on conquering your
emotions and saving your bankroll for days when the market is flush with
opportunities.
10:41:41
Intraday
Setup Alert
McDonalds Corp. (MCD)
is forming a Slim
Jim at its intraday lows. The stock carries a TM 3-month RS of 17 and an
ADX of 38. MCD is down 0.25 at 16.40.
McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating) showed some very strong
promise to the downside, confirmed by its daily numbers (RS), as well as the
intraday technical setup. As you can see, after our post the trade immediately
resulted in some very small “paper” gains, but quickly reversed. Learn
to exit as gracefully as entering a position, and you’ll be around to take
advantage of those high probability trades that work out very well over the long
haul.