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It means your limit orders will only get filled if the market penetrates your entry price the wrong way against you.
It's very rare for the market to only touch your entry price and fill you. In most cases the only way you are getting filled using limit orders is if the entire queue gets filled. So you will start every trade down 1 tick or worse.
In the analytical world there is no such thing as art, there is only the science you know and the science you don't know. Characterizing the science you don't know as "art" is a fools game.
Well I stole some of what I wrote on another post because I think it's fitting.
No one likes to talk about this part of trading but you will most certainly...
- Have the URGE TO GAMBLE LIKE AN IDIOT. With no ability to stop yourself.
- Be in a constant state if disappointment. If you lose you hate it. If you win it's not enough and easily forgotten.
- Lose. Lose some more. Then finally... lose even more. Break mouse.
- Swear you'll NEVER do that again!... only to repeatedly do it over and over again.
- Lose. Lose. Smash keyboard. Give up for good!
- Get up next morning and do it again.
Now I agree with the above posts that you should at least wait till your profitable on the simulator. Because at first you will jump from system to system. Ect.
Once you can string together six weeks of profitable trading on the simulator, which won't be for awhile, then its time to try 1 lot micros live.
You will find you are starting from scratch because once live it's a whole different ballgame again!
You WILL have stronger feelings than you ever anticipated on sim when you start trading live.
You will find yourself back at the beginning with no self control and blaming everything and everyone and being completely in the dark as to why your losing again when you finally "got it" on sim.
After that it starts to get hard.
In any case I think Mack's PATS is good. Just keep in mknd he teaches ONE strategy and has been at it for over a decade! So expect to put in alot of work and alot if screen time in the beginning.