Between these ten daily setups, every single scenario is accounted for. The first of these two plans - the day trading playbook - is based around ten different daily situations that can occur in the futures market. The message of The Trading Playbook is to forget all of this and concentrate on three solid foundations to improve your trading performance:Simplicity - focus on price action alone.Probabilities - take trades where the odds are in your favour.Hard work and screen time - put in the effort to build up your trading experience.Hard work and screen time is down to the individual, but The Trading Playbook will guide you towards simplifying your trading and thinking in terms of probabilities.Michael Gouvalaris describes two straightforward trading plans that eschew complicated indicators and focus on probable outcomes. Many search for the latest new indicator that will give them an edge, or a new trading strategy to deliver bigger wins. Traders have a tendency to over-complicate.If you are on the lookout for some trading ideas to simplify your analysis and refine your approach, The Playbook is for you. This alleviates many of the big mistakes traders make, such as over-trading and cutting winners too early, or sitting in losing trades too long. The key benefits of both playbooks are that they give you a well-defined plan to follow.
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