Short excerpt from a Kardec Trader YouTube video describing a simple, strict trading rule: only buy after a prior low is taken out (market makes a lower low) and only sell after a prior high is taken out. The speaker emphasizes discipline — they will not enter trades unless those exact price levels are breached.
We get a move to the upside, we take out highs. I will not buy this asset, pair, whatever I'm trading until this low is taken out right here. So it doesn't matter what happens anywhere between sometimes what occurs, the market will come down to the downside and then just go long. It doesn't matter. This is not a move I was supposed to be in. It's a very strict rule. Literally, if the market does not run this low, I will not involve myself. Same thing when going to the downside. We are moving to the upside like this and market comes down. I will not look to take a sell until this high right here is taken out. So boom, boom, boom. Now I can look to sell.
