Video 51 A, B, C & D: Losing Because of Mistakes

Question 1

Informative. No quiz notes

Question 2

Minimum profit needed for trader’s equation is at least ___X Actual Risk

Answer 2

2X
At least minimum scalp size
Minimum is rarely best and bigger is better.

Question 3

No Skunk Stops

Question 4

2nd Leg Trap is:

Answer 4

Sometimes you’ll get a a weak first leg, and a strong second leg, but not strong enough to go above all of the bars to the left.
When all bars have tails, it might be part of a trading range. A lot of tails is trading range price action.

Question 5

Al says an error traders make is use one time frame to get in a trade, and a different tiem frame to get out.

Answer 5

He says, it’s a “Sure way to lose.”