Today was another great day for the the WAT – one trade and done for 364 ticks. In considering how to trade forex and futures, two of the most important qualities to have are patience and discipline. The patience to wait for the right time to trade and the discipline to enter the market without fear or hesitation and in full acceptance of and compliance with your personal risk parameters. Do that and a day like today is not surprising – one and done. I know some call that the Power of Quitting – I call it the Power of Trading. As an aside – you can see actual fills vary from sim reproduction of the trade. The entry happened so fast (much faster than this human could respond) that there was 1 tick of slippage on one contract and 2 ticks of slippage on the other 6 contracts. WaveTrader figures in (adjustable) 2 ticks of slippage in your fills for position sizing accuracy and account protection. With a normal setup (non-volatile conditions) slippage is not a factor but it’s nice to know WaveTrader has it covered and can you imagine clicking the button yourself – I might have gotten in 7 or 8 ticks too late!