Anthony Cr Rudel, a 20-year trading veteran, breaks down three specific elements he checks before entering a trade. Most retail traders lose because they skip this step and don't identify the market environment, execution quality, and whether to scalp or day trade.
If you have a strategy that you think is so good, why are you wasting your time? Point and clicking. Find a programmer, spend the money, do it. For my strategy. I look at three things. Are we in? Me, I've met a lot of people over the years. I could literally sit next to somebody who's trading a specific strategy. And what I found incredible throughout my career is that if I were to go and trade that same strategy as them, they're going to outperform me every time. Now why is that? Well it's because it all comes down to it.
This futures trader has traded hundreds if not thousands, thousands of e mini contracts a day.
Most traders, I'll go and they'll learn from another trader and they'll see a trader execute a strategy and they'll say wow, that trader's doing extremely well trading that strategy well, that trader is the best executor of that strategy. Most retail traders are losing because they're using just. I was a trader that was either fading rallies or fading breaks. And I said how do I prevent myself from doing this? I said Anthony, you have not identified market environments. So then I started looking at this is how I started this strategy.
Because introducing 20 year trading veteran Anthony Cr Rudel he goes through in this episode the exact three specific elements of a trade that he looks for before executing.
That's where I get killed historically and presently.
Everything'S a daily for me.
Even as a short term trader. I started using this when I was scalping a ton. It was more about understanding what environment we in. This helped me slow it down even for the short term. So when I see this, what does it tell me? Right? It.
Tells me this is exactly how you learn to trade for time for the long term consistent and.
I'll day trade if the markets are really busy. Most simplest way I could look at the market is just what is.
