A trend-focused trader reflecting on market strategies and personal performance enhancement.
trading
Friday, 3 June 2011
What is your market personality ?
It's critical for traders to understand that when they take a position in a particular market, they are actually trading the "personality" of that market and not just the market itself. Each market is made up of individual traders and systems that trade in a particular way. This is why some markets are better for momentum trading, while others are better for fading, and while still others are best to avoid at specific times of day due to all the arbitrage.
Before trying to master the market, be sure you are the master of yourself.
No matter what happens to you, you must be completely accountable for your results. That’s the only way you can learn from the markets.
Thursday, 2 June 2011
Wednesday, 1 June 2011
Sell orders are coming in and we are back in the range.
This is very frustrating market, and in periods like this many traders give up on market and than the market makes a big move. In trading many times the best action is no action. Patience and discipline required here.
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