A trader explains why you should skip small, indecisive price moves and wait for clear, larger ones. When a stock moves $0.30 per bar but typically ranges $0.30 daily, the difference matters. Ignore messy charts and you'll cut losses.
People often ask, what if it's not trading super cleanly? What if it doesn't do prior bar highs and hold it the same way or make something beautiful pattern? Well, guess what? You don't need to trade it. And that's about that selectivity. There's so many people that are taking these paper cuts or are not finding effectiveness in these strategies. It's because they're playing the chart that they think looks like this, but it's really going up and down, up and down, up and down, and it's really grinding and it's showing like this bar is price acceptance. I don't want this bar. I want this where all of a sudden these bars are multiples of these boring bars. Like, look how big this is. We just showed you on the daily chart that normal average trading range was $0.30. This stock is moving $0.30 per bar now, and off the open we were barely moving $0.05. Those are the nuances that make this so exciting.
