PROFIT Up or Down

Having the big picture outlook on the market before you trade it, is extremely important to our success.
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As mentioned in a past video, I love starting out with the bigger time frame, to get an idea of what the Market wants to do.
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Whether the market is bullish or bearish, it will spend most of its time ranging up and down (flagging) in an area.
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That range may be small, or it may be large. If it's a small range, you have to be extra careful when you trade in that area, or risk being chopped up.
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The other 20% of the time, the market is either heading up sharply or heading down sharply.
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Knowing this, can help you anticipate what the market is about to do, and allow you to enter or exit a trade more effectively.
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Always trade to trade another day and stay patient.