Hubert Senters here.
Let’s take a look at a myth that I’m going to attempt to bust. And this is why you might think that the market is rigged.
Heads up, this does not just happened to you. It happens to me too. It’s just part of the gig and if you understand that it’s probably the gig and you accept it and how you react to it is going to really depend upon if you’re profitable or if you continue to lose money.
So that’s just my opinion. So in this example, this is a re-live trading I will short the bund at around $169.64 and you can see market dropped and then evidently everybody over Europe and Eurex.
Look at here there’s a one lot trade on some American over here. Less move $400 billion with the market cap go up there and stop the amount within one or two ticks of the high tick price.
And then what we’re going to do is we’re going to selloff and take the market lower. Now, if you’re into conspiracy theories that’s not what it really happens.
What really happened is I place the trade. I had a stop that I was cool with losing money on and it tag me up and then drop lower maybe probably saying oh, my dear god, I’ve had it happened to me hundreds of times.
It got stopped out a high tick and then it continue to go lower because I was short same thing on the long if you could do this like if you were long you got stopped out here and it goes higher.
It happens all the time to everybody in the markets. If you’re not okay with this type of thing well, trading is probably not just for you.
Heads up, I hate to break it to you you’re probably going to be more wrong than you’re right on your trading decisions but don’t cry for me I had two other trades that were profitable.
That one was just one of the losers. I’m going to show you that right now. So I put both of these trades on almost at the same time not the exact same time.
But you can see this one is a little bit more kind to me so it is very important to figure out what market is less likely or up to wiggle you out of.
This one is more calm so I’m still in the trade. Where the bund is pretty trending too but in the overnight session sometimes it can pop on you.
So that one case I lost $150 and this one I’m up $734 so it’s really important number one to pick a market that syncs up with your personality and style.
Number two you’re going to get stopped on all kinds of stuff. Sometimes it’s a high tick. Sometimes a little tick. Give yourself a couple of minutes to throw a temper tantrum on it and get back to business. Get back to work. Get busy. Grinding and out and looking for your next trade.
I’m going to be teaching a live webinar on How To Make $1,000 or More Risking Only $156.25. I still got a head cold I’m still doing this thing because it’s a perfect time for you to learn this type of stuff.
I will self-medicate with over the counter stuff and we will power for you this webinar Thursday night at 8PM, May 13th. If you want to come and check it out register right there first name, email, mobile phone and then I’ll give you a voice message or a text message to remind you that you can come.
Good luck. Hope it helps. See you on the next video.
Hubert.
