10 POWERFUL WAYS

TO PROFIT FROM

TRAPPED TRADERS

What we’ll cover:Price action is not a study of candlestick pattern alone. It is the study of fear, hope and regret of traders and their emotions

1. Fear That You Might Be Wrong

This is on the minds of every traders after they experience a series of losses. This can be seen when price move in consistent but small candlesticks or ticks which foretell sign of caution and hesitation while large chunks of wide body candlestick are sentiments form in greed and fear.

2. Fear That Your Profits Will Vanish

Identify the session when market pullback, is it Tokyo closing or London open? Is it New York news release or New York closes? Are you a day trader or a swing trader? If you are unsure, take the profits or at least partial and protect the rest. You can’t go broke taking profits but you are a fool turning profits to losses.

Sometimes is good to have no losses because you waited for price to return to your initial entry, while other times it is better just to take a small loss and re enter if the direction has not changed. It is better to have substantial capital left to claim another winner then to have little or no capital at all to claim no chance of winning.

3. Hope That Price

Returns To Breakeven

Sometimes is good to have no losses because you waited for price to return to your initial entry, while other times it is better just to take a small loss and re enter if the direction has not changed. It is better to have substantial capital left to claim another winner then to have little or no capital at all to claim no chance of winning.

4. Hope ThatMarket Gives

Back Profit

Ever sense a peak in the rally which you had bought but you were hesitant to close for profits? Most profit taking happens in the flash, with big chunks of candlestick reverse in seconds. This could be a pullback where those who had missed the rally could get on it pushing price back to where it was or even further. The market would at times give second chances to traders who game enough for more.

This is where greed meets regret. The way new traders make their losses big is by moving their stops beyond their initial expectation thereby giving more room for market to go against them. However the same move that professional traders tend to make is their profit target. They will give more room for profits to run thereby adding more buck to their time invested.

5. Hope That Market

Gives More Profits

This is where greed meets regret. The way new traders make their losses big is by moving their stops beyond their initial expectation thereby giving more room for market to go against them. However the same move that professional traders tend to make is their profit target. They will give more room for profits to run thereby adding more buck to their time invested.

But wait there is more … but not here

About The Authors

David SkysummersDavid is an aspiring forex trader with a particular interest in personal development and how it relates to trading successfully. He runs HackWithPriceAction a blog that educates you about following the trails of the smart money and how to profit from it.

10 Ways To Profit From Trapped TradersWhenever I see chart, I rarely see emotion of traders negotiating if not fighting for a region between supply and demand. However after I have read some of Lance Beggs’ YTC Price Action Trader series he has change the way I look at price action and the meaning behind the formation of candlestick. Why does certain candlestick form and why price move the way it …

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