Trading Philosophy: Trade What You "See", NOT What You "Think"

[@whynotnaveen]

You are absolutely correct. The major cause of losses is touch trading on key levels without the price confirming the movement.

[@claytrader]

Cheers

[@BilalHassan-np6cb]

Excellent Explanation. Reality Based. We are no one to think as Retail Traders. We have to follow whats happening.

[@claytrader]

Absolutely!

[@jaymoneytrader]

this is an oldie but goodie. I tell my traders all the trade what is happening, not what you want to happen. Even if its totally improbable to you whats going on, that means you were so sure and you were wrong, that means the other side is most definitely right. I have trained my brain for when my confirmation is the highest, and I just know price is doing this is or that, and it goes and does the opposite? well im going with that move lets go

[@claytrader]

Cheers!

[@NaserOfficial-xe3wb]

Trade with what you see, not what you think. If we trade based on guess, definitely at the end of road we will be such a big loser . B/C trading based on prediction stimulate our emotion and it leads us trade with emotion not with rules-based strategy . we need to wait till see the chart pattern, candles pattern, whatever to be completed, then based on that make decision. That makes much more sense

[@claytrader]

Cheers!

[@Ab_A60]

Great video. Very few people are aware of this

[@claytrader]

Thanks.

[@kingmike40]

The React people are still taking a risk. There isn't anything saying that the stock price will continue to go up from the 20% gain. The 20% might be all the stock will move. I might be missing something, but to me either camp is taking an equal risk.

[@claytrader]

There is always risk, no doubt about that, but the I'd rather "know" something is going on, rather than "speculate" something will be happening.

[@sufipoetryacademy372]

thanks

[@claytrader]

You're welcome.

[@timothykain6269]

Spot on. This approach makes trading less stressful & that is THE key for success. I trade FOREX and want to hit the "Sweet Spot". If there is a 20 PIP move, I'm happy with half of it: Give up a little up front to confirm a move and get out before it retraces much. Seems like there is biblical component to it also, not to be greedy: Lev. 19: 9 & 10 "When you harvest the crops of your land, do not harvest the grain along the edges of your fields, and do not pick up what the harvesters drop. It is the same with your grape crop-do not strip every last bunch of grapes from the vines, and do not pick up the grapes that fall to the ground. Leave them for the poor and the foreigners living among you. I am the LORD your God"

[@claytrader]

Thanks for the thoughts.

[@kingmike40]

This reminds me the time I had just started trading. I had Calls on ISRG and it was around 85.00/share. They had a earnings call, I didn't know what that was. My calls popped up BIG! I thought I would set on them and see if I could get a $10,000 profit. It went down I panic and sold then the stock went right back up.

[@claytrader]

Sounds like greed and fear ruined that trade.

[@kingmike40]

Another part was ignorance. I did make money on the trade, but I had no idea what a earnings call was or what it could do to my holdings. I laugh about it now.

[@claytrader]

Yeah, "greed" / "fear" / "ignorance"... pretty rough combination.

[@JoeRichardRules]

Thats all we are looking for, just little pieces

[@claytrader]

Takes more than little pieces though. Remember that.

[@adriandoe1090]

On point. Haha 🙏🙏 "Try doing some reacting for once" A kind of nugget that most people would ignore 🙏🙏🙏

[@adriandoe1090]

Even the thumbnail 😂 This is perfect 👏👏👏

[@claytrader]

Cheers :-)

[@practice11111]

He doesn't say anything about stops. Not a very helpful video

[@claytrader]

+Larry W claytrader.com/videos/stock-trading-quick-tip-redefining-stop-loss/