037: Futures Trader 71 – Understanding Areas of Acceptance, Thinking in Probabilities, and Creating a Legacy
Chat With Traders
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How to Trade in the Futures Market
For every contract that's bought in futures, another contract is sold. If the market starts to move away from this area that's been accepted, then half of the volume that went into creating that bulge is wrong and they're going to have to cover their positions. The bottom line is what price did they trade and how much trading occurred there? And so you can express that in all kinds of different mathematical ways, which is fine. But ultimately it's your money that's at stake.
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