Kardec Trader explains why he only trades on gap days when the market rejects the current price and searches for a new one. He skips range-bound days where prices stay flat and fair, saving energy and capital for the moves that matter.
I don't trade every day. I'm very selective on days I trade. The reason I'm selective on days I trade is I like to trade. When we're not in like a range bound market, we're not in a balanced session, right? Meaning the market isn't at a point where it thinks we're at a fair price. When the market thinks, hey, we're at a fair price, this is the price that we're comfortable at where we accept as buyers and sellers. The market isn't really going to move much. So I don't want to exhaust my mental capacity financial resources on these type of days. On those days I'm kind of laid back, I'm observing and I'm mentally setting up for days when the market doesn't accept the current price. The market is trying to find a new comfortable price that it wants to get into. So I look for gap days out of ranges. Right. If we gap out of ranges, I'll start looking for sessions where the market is, let's say in, in a place where it's not accepting the current price. And once we get there, that's when I'm aggressive.
