All language subtitles for 3. Unusual Opportunities And Validator Indicators

Sometimes what happens happens is you have great unexpected opportunities and that can be a real good

thing, you know, opportunities are good things.

Yes.

So here we can talk a little bit about an unexpected opportunities and how to approach them while still

being very disciplined in your validator indicators that it's so important as far as that discipline.

And let's say, for example, and let's use an example to kind of walk through this concept here for

you.

So let's say in this example, you're using a simple moving average, the crossover rule as your primary.

You buy and you sell based on when the prices are crossing above or below the the moving average line

and then using the RSI to confirm what you're seeing with the ASMI.

So the simple moving average says by I look at my RSI that says buy boom.

That's a confirming I'm going to now make a buy.

And then later we'll learn about how to place the actual orders and how to budget our money and all

those types of things.

That's coming up.

But basically right now, to those that would be your buy signal and you're great with that because

that's your plan you've got together and you fully understand things like candlesticks and patterns

and all that because you're smart and you took the course and so you know these different things.

But you know that this primary indicator and confirmed has maybe served you well.

And so you're watching and waiting for these different trading opportunities during that primary and

secondary indicator.

And, you know, the charts go by like gentle waves on a stream, so to speak, or waves on the ocean.

And you're looking at a chart today and and the candlesticks are gently moving across.

And then all of a sudden you see this.

So you see this and you're like, oh, oh, wait, that's something I know.

That's something that was in the course.

That's something that's a gap thing.

That's a gap.

What kind of gap was that?

Oh, my gosh.

It's a gap up.

It's a it could be a breakaway gap.

Something could be happening.

I need to know what you do.

Lose yourself.

Well, I need to wait for the trend, develop the price, might drop and fill that gap or it could go

sideways or this could be a true price trend up.

So I know I have my primary, my secondary.

I'm not trading on gaps, but jeez, a gap.

I know it's a big opportunity.

I need to watch that.

Right.

So you watching that and then what happens?

The next trading period could be a day or a day.

I could be in the next hour or whatever your timeframe is.

And then you see this and you're looking at that like, OK, there's a now another candle that's going

upward.

Oh, that's a strong indicator.

Upward.

Oh, my gosh.

I think it looks like a rising window.

We have a breakaway gap followed by a rising window, possibly.

Well, what do you do?

You want to be disciplined because Steve said you should be and you should just follow your primary

and secondary.

But you know what?

It's OK when opportunity knocks, go ahead and buy.

When there's something this strong showing out there.

I mean, stare.

You're looking at all of the things.

This is just an example.

So you'd maybe look at other things.

In fact, this would be another way to look at your primary and secondary along on top of this, as

well as more a third and fourth indicator.

But you're seeing this great opportunity and looking at another indicator, one that's a little bit

different than your primaries are, can be is not a bad idea either.

So you see this gap, you see this rising window.

You've got your your original primary and secondary might be a great opportunity.

And maybe you put a little bit of money towards that, maybe put a little bit more.

Either way, I want you still be disciplined.

But if an opportunity really comes up, you know, then it's OK to take advantage of an unusual opportunity

like that where it just kind of hits you in the face.

And that's one of the one of the benefits of taking a complete course like this, as you are aware of

such things.

So if it does happen, you can take advantage of it.

And the other thing, too, is if it's clear, you know, clearly like what we done here with a gap

and possibly rising window, others will see that as well and act on it.

So that's kind of a self-fulfilling prophecy where other people might be using gap trading as their

primary or other people are seeing this and they're getting in on this, too.

So that's helping drive the prices up as well.

If it's unclear what you're seeing of anything, then Steve disciplined.

Don't trade it.

Stay with your primary and your secondary November third and fourth.

Stay with that.

But if something really hits you in the face, it's OK to take revenge.

You want to be careful.

You don't start seeing things can be a mirage or a false signal that can lead to poor trading decisions.

Now everything looks like a rising window or or three soldiers or whatever it may be, or or gap up

and a runaway gap, you know, and an island reversal to, you know, just kind of understand that,

too, as well.

So discipline will serve you well, but it's OK to take advantage of these extra opportunities.

So that doesn't mean you have carte blanche to just go like, OK, forget all those previous lessons.

Now you really develop that Plan B discipline when in doubt, be disciplined, but also be aware of

opportunities because you know, when opportunity knocks, it's good to, you know, good answer that.

Right.

The other thing, too, when you have an opportunity like that, if you're measuring your results and

later we'll talk about how to actually measure your results, effectively separate that out if it's

an unusual kind of one off opportunity, separate that out when you're doing your actual you're looking

at results for your primary and secondary and third and fourth.

You know, separate that out is this unusual opportunity and just be aware of what happened and maybe

you start seeing your success on these unusual opportunities that occasionally pop up.

You're not having success with it.

Well, that may tell you that, you know, maybe I need to kind of be more more wary when I might be

seeing an opportunity.

But if you're having success with this, there's some real classic strong patterns.

Yeah.

Take advantage of it.

That's OK.

Just make sure that you're really sticking to your discipline plan.

And that's more of an exception as opposed to your everyday trading behavior.