How many periods have you been in a trade, and the market goes against you?
I will trust all of us has. Correct?
It is because this is how the markets sway.
I bet 98% of the time people get in a trade, that they could have got a better fill price if they just waiting? Why do we feel the urge to jump in? I know, and you can now change this pattern to become a better trader.
This is no joke about getting bad fills – You can relate now.
I see it all the time and I know why we jump in and want to get hurt as a result. We feel the market will leave us. THIS IS NOT TRUE 90% of the time. The markets is not going anywhere fast. At times it will, but then just wait for the next moment.
Lets change this and get better fill prices for you. Follow along below.
The 2nd pillar of success is the entry price. You need a solid fill price to get the 3rd pillar of success, and that is the exit price.
1. When you go fishing for a fixed fill price, then you can get out with a profit faster and not get stuck in the market if it changes where you usually would have gotten in. (WHICH IT WILL DO)
2. When you go fishing and receive a good fill price and the market’s math changes, then your downside will be lighter when you exit. (YES, MARKETS WILL TURN)
3. Limited significance – Yes, you don’t have to go through all those emotions of being following the market. (BECAUSE MARKETS DO TURN)
No problems, you merely just went fishing for a 2 to 6 tick better price. You have three opportunities.
What follows if you fumble a trade and you were correct?
It’s 100% okay! Just cancel the orders and anticipate for the next set up. There are countless times to place other orders. Just pause for the right fill advantage. Try not to say, I WAS RIGHT. It required you zero to put orders in the market and tons to enter at the wrong price.
Cancel the orders and wait to seek to enter the opposite way practicing the same fishing method, or anticipate for different set up following the directional math.
What follows if you get filled and the math rotates the other way?
No anxieties, you are filled 2 to 6 ticks adequately (some markets could be more significant). Instantly the exit is a smaller loss, and you can reasonably live with this better.
How do I know which direction to trade?
Give attention to the following:
Repeat, what if I support all the above and the math shifts?
Next, exit at a much sounder price than if you had merely entered when the math turned at the worst price. You are momentarily 2 to 6 ticks better depending on the market, and it could be better.
Can I use the fishing method to exit current positions too?
Granted, you can! Most bars do not go further then 100% of the range of the previous bar, and they have SF effects the other way too. That serves adequately.
Tell me again how I can arrange this?
When you witness the math change, set orders above or below the market and go fishing for sounder fills in the course of the CycleTRADER’s math trends.
Recognize it require you zero to place orders and everything while you receive a terrible fill price.
Reminder: If you do get filled on your order, and the math switches the other way, your fill price will be significantly sufficient, and the loss can be limited.
What is the healthiest way to enter orders?
We use the Dome for smooth entry when fishing for order entry. Meanwhile, as the market math shows you the direction, click left to buy and right side to sell.
You can click “X” to cancel orders or the Close, and this will exit all orders and close all working orders.
Let’s challenge it-
We all do not desire to fumble a move. But, if 98% of the time you get in a market move, and you could have done better after you thought about getting in, then apply this approach to get solid fills.
If you fumble the fill, no problem, get the following one when the math shifts in the direction you perceive the market is going.
Both ways, you have authority now with Go Fishing for entry fill prices.