Most traders approach day trading, looking for ‘something big’, ‘something obvious’ to enter a trade. This creates opportunity for those looking for subtler signals, such as a lack of activity.
Last week, in the free Jigsaw chat room, I mentioned day trading off the low of a very slow, choppy day. One of the attendees emailed me later asking exactly what I saw when I took that trade. How did I have the confidence to stay in the trade? He was wondering because at the time he couldn’t see anything of significance going on.
And sometimes, that’s exactly what you want to see!
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