{"id":59740,"date":"2016-10-23T00:52:21","date_gmt":"2016-10-23T07:52:21","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=59740"},"modified":"2018-03-25T06:49:42","modified_gmt":"2018-03-25T13:49:42","slug":"trading-days-easiest-to-lose-on","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/ask-al\/trading-days-easiest-to-lose-on\/","title":{"rendered":"Ask Al: Trading days easiest to lose on"},"content":{"rendered":"<h2>Trading day types losing money<br \/>\n BPA trading room Q&amp;A: December 15, 2015<\/h2>\n<p class=\"content-box-green\">Question: What kinds of trading day types do you find it easiest to lose money on?<br \/>\n <em>Video duration: 3min 37sec<\/em><\/p>\n<div style='position:relative;height:0;padding-bottom:56.25%'><iframe class='sproutvideo-player' src='\/\/videos.sproutvideo.com\/embed\/1c9adfbb1318e6cc94\/a75c5ae8b504ce23?playerTheme=dark&amp;playerColor=' style='position:absolute;width:100%;height:100%;left:0;top:0' frameborder='0' allowfullscreen><\/iframe><\/div>\n<p><\/p>\n<p class=\"caption\">You can also view this video on <a href=\"https:\/\/youtu.be\/_tN9qFi98Lk\" target=\"_blank\" rel=\"noopener\">Al&#8217;s YouTube Channel<\/a> if needed.<\/p>\n<h3>Trading stupid!<\/h3>\n<p>I\u2019ve lost money on every kind of day that you can possibly imagine. I\u2019ve traded close to 30 years now. I\u2019ve done every stupid thing. I\u2019m a smart guy so I came up with all kinds of stupid things you wouldn\u2019t even think of. So I\u2019ve lost money on trend days, trading range days.<\/p>\n<h3>Trend days<\/h3>\n<p>I think, in general, it\u2019s easiest to lose money on <a href=\"https:\/\/www.brookstradingcourse.com\/how-to-trade-manual\/trend-channels\/\" target=\"_blank\">trend days<\/a>, especially on a small pullback trend day: small pullback bull, small pullback bear. Because they\u2019re constantly looking like they\u2019re about to reverse. But if you look to the left, you\u2019ll see lots of little gaps, where pullbacks stay above breakout points. Over the years, I learned that when I\u2019m seeing a lot of gaps in a small pullback trend, not to go against it. Only trade in the direction of the trend.<\/p>\n<p>So I think in general, scalpers tend to make less money. When they get good, they make money on trend days, but they make less. Beginning scalpers lose money on trend days because they\u2019re constantly betting on regression to the mean. They\u2019re constantly betting that the trend will not go very far.<\/p>\n<h3>Trading range days<\/h3>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151215-Ask-Al-Brooks-Trading-Days-Easiest-to-Lose.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151215-Ask-Al-Brooks-Trading-Days-Easiest-to-Lose-300x218.jpg\" alt=\"ES Chart - Ask Al Brooks Trading Days Easiest to Lose\" width=\"300\" height=\"218\" class=\"alignleft size-medium wp-image-59744\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151215-Ask-Al-Brooks-Trading-Days-Easiest-to-Lose-300x218.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151215-Ask-Al-Brooks-Trading-Days-Easiest-to-Lose-768x558.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151215-Ask-Al-Brooks-Trading-Days-Easiest-to-Lose-600x436.jpg 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151215-Ask-Al-Brooks-Trading-Days-Easiest-to-Lose.jpg 802w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Trading range days, it\u2019s easy to lose money buying high, selling low. Buying 4, buying 38, buying 58. Selling 13, selling 28, selling 48, selling 73. For me it\u2019s just a reflex when I see a lot of trading range price action like this, and I see a bar like 13, or 28, or 38. I\u2019m doing the opposite by selling the 38 close, buying the 28 close, buying the 73 close, betting on reversals. Or I\u2019m pretty quick to buy, once the reversal up takes place. I\u2019m pretty quick to sell, once the reversal down takes place.<\/p>\n<h3>Trading style<\/h3>\n<p>I don\u2019t think it matters if you have one <a href=\"http:\/\/www.investopedia.com\/university\/how-start-trading\/how-start-trading-trading-styles.asp\" target=\"_blank\" rel=\"noopener\">particular style of trading<\/a>. Like if you only take swing trades and then the day\u2019s a tight trading range, you\u2019re going to lose money. If you\u2019re a trader who only takes reversals and the market\u2019s a trend day, you\u2019re going to lose money. If then if you do both swing trade and scalp, but go with trends and bet on reversals, when there\u2019s a lot of trading range price action, and you do it correctly, you\u2019ll do well.<\/p>\n<h3>Always In analysis<\/h3>\n<p>From an Always In perspective, I think we were Always In long on bar 1. A lot of the bulls either get out below 5, or when 7 reversed down. I think they bought again above 14, and maybe they get out below 17, I don\u2019t know. I think they probably get out below 24, the Wedge Lower High, even though not a bear bar. then the bears get short maybe below 24, 25, or 26.<\/p>\n<p>Bears get out above 29. Bulls get long either above 29 or on the 30, 31 close. Bulls get out below 43, or 44. Bears sell. I thought bears probably get out above 50, around the 50% pullback, a Double Bottom 34. But I don\u2019t think it was that strong a buy. If I had to buy or sell at around bar 50, I would buy.<\/p>\n<p>And I think the bulls get out either below 56, or 59. And the bears get short either below 59, or maybe below 64, and certainly by the 67, 68 close, they get short. They get out above 74. Bulls get long above 74, and the bulls probably get out below 76. Bears, I think it\u2019s too late to trade.<\/p>\n<p><em>Al Brooks<\/em><\/p>\n<p><a title=\"Al Brooks&#039; trading room\" href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\">Information on Al&#8217;s Online day trading room<\/a><\/p>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>Trading day types losing money BPA trading room Q&amp;A: December 15, 2015 Question: What kinds of trading day types do you find it easiest to lose money on? Video duration: 3min 37sec You can also view this video on Al&#8217;s YouTube Channel if needed. Trading stupid! I\u2019ve lost money on every kind of day that [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"shadow","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[159],"tags":[],"class_list":{"0":"post-59740","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-ask-al","7":"entry","8":"has-post-thumbnail","9":"override"},"featured_image_src":null,"author_info":{"display_name":"BTC Admin","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/richardhk\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/59740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=59740"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/59740\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=59740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=59740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=59740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}