From the game plan
3rd failed attempt to move above 0.6992 "short" inventory (which was profit taking by professionals pre rate announcement)
A bit too obvious,
look for another move up
to catch out those convinced the two failures are a sound reason
to get short
(a bunch of traders think 0.6992 is shorts entering
when in fact it's longs taking profits)
It's not just "it makes money", is it?
Because plenty of trades don't work
So trade selection is your way
to reduce the degree of pain the "don't work" trades cause you
Best illustrated with a real-time example
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Read MoreRemember this?
Bud Fox quotes Sun Tzu's Art Of War in Wall Street?
Two examples from last trading session "irritating" your opponent
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Read MoreDid you know Stanley Druckenmiller's greatest trading lesson from George Soros? Exponential Bet Size. Why not drop in on a training session with a developing trader to illustrate these concepts.
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