🚨 118pts on NASDAQ W trade 🚨 Reading is fundamental ✅

Reading is fundamental, but what if you have no clue of what you’re reading? 🤨

Sooooo Nasdaq presented some choppy price action this morning. Within our trade models that we love to trade. We got a beautiful buy signal in confluence with overall price action.

I know this is Chinese to some but stay with me, I’ll explain 😌😬…

A trade model is equivalent to a play within a teams playbook, you understand the overall strategy, based on the flow of the game, a play develops that you’ve been practicing over and over and so, you run the play. Easy right? Well one of our trade setups developed but…. The play wasn’t successful, doesn’t mean we were completely wrong, maybe the market just wasn’t ready yet. That’s where risk management comes in.

So an initial loss was taken (pic #1 & 2)..But because we have the skill to read the charts and we aren’t stuck to just one side of the market. After the loss was taken the markets then read something different. Same trade model within the playbook, but reversed (pic #3 & 4) This allowed us to confidently take the opposite side of the market. Some days these things will happen, and some days you have to just be ok with being wrong. 😑

But this is why reading the charts is key to success as a trader, also risk management. Without both, you end up married to a losing trade and there’s nothing worst than a married partner who is giving you a headache 🤕 and causing you financial distress. I think we all can agree 👍

So Nasdaq was a little emotional this morning. Nothing a little understanding couldn’t fix and because of which, No loss was taken and in fact, we walked away in profit, peaceful and back to being a happy family. 😬

I love you Nasdaq, you’re my baby on some days! 🤪

3 KEYS TO READING A CHART!

Understand Candlestick Anatomy (they tell the story of price)
Understand Market structure (they are the candles that creat the trends in which you are looking to take advantage of)
GET A MENTOR 🥶 (you can’t learn to read if a teacher hasn’t taught you)

Feel free to ask questions regarding trading! We are here to help you all become profitable traders.

GOD IS THE GREATEST LETSGOOOOOO ‼️‼️‼️

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