Trade 1 Complete: Loading Trade 2 (96% Win Rate)
Trade 1 was so good we did it twice to establish a larger pool of net realized gains for the day.
Our diversified two-trade setup has already secured a win, and now offers an even more compelling opportunity for the second trade:
• Trade 1 Won, Trade 2 Wins: ~96%
• Trade 1 Won, Trade 2 Loses: ~4%
The success of Trade 1, especially given that it was a pullback in the market, significantly enhances the chances of Trade 2 succeeding.
Here's why:
1. Confirmed Market Behavior: The pullback’s captured by Trade 1 aligns with our initial market analysis, increasing confidence in our overall strategy.
2. Set-up for Afternoon: A morning pullback often leads to a more defined afternoon, which is exactly what Trade 2 looks to capitalize on.
In conclusion, the success of Trade 1 not only provides immediate profits but also enhances the probability and potential profitability of Trade 2. This outcome demonstrates the power of a diversified, multi-trade strategy that can adapt to and capitalize on intraday market movements. However, it's crucial to remain vigilant and adhere to the predefined entry, exit, and risk management criteria for Trade 2, despite the increased confidence from the success of Trade 1.
In case, you missed trade 2 here it is…