Kardec Trader explains why trading strategies fail in choppy, slow markets. Before market open, he identifies which strategies fit the day's conditions and lists the specific market behaviors needed for each to work.
So because of that choppy action and slow day, these strategies that I have set up will not work in that market condition. So my pre market routine or pre market focus, I'm already aware of what my approach to the market is going to be and what I am looking for or what I want the market to present for me to execute on. And most of the time I'll have days where, where I'll say well, you know what, this week I don't really think there's much going on. I'll show up, but I don't think there's much going on or other days or other weeks where I'm like okay, well I think these are some of the strategies that I think work or will come into play. But for these strategies to work, I need the market to do X, Y and Z. If the market does X, Y and Z, I will have the highest probability for success.
