Some simple solutions presented by Dr. Tharp whose work I recommend to anyone wanting to expend their knowledge about trading

When you are stuck, the more effort you put into trying to un-stick yourself, the worse off you become. It’s a little like being stuck in quicksand—the more you struggle the quicker you sink. The first solution is always to relax and often move slightly in the direction that is opposite to what your instincts tell you. For example, a pilot going into a nosedive must first push gently into the dive to get air flowing under the wings properly. At that point he can begin to control the airplane. Similarly, when you start to skid in your car, you must first steer into the skid until you gain control over the car—which our natural reaction is to do the opposite.

If you are stuck in your goal of becoming an excellent trader, try doing the opposite of your instincts. If you must take a trade, make it okay not to take the trade. Instead, move toward working on your emotions.

The second solution is to focus on what you want. When you focus on limitations, you feel the emotions of the stop sign or the limitation. When you focus on what you want to achieve, then you begin to see possibilities and new resources that open you up. What is your focus?

Finally, the third solution is to focus on being what you want to be. If you want to be a great trader, don’t focus on what they have or do, focus on their state of being. What is it like to be a great trader? What is it like to step into their shoes?

Daily view SP-500.

                                              We are in a downtrend. Be short or out.

Remember, No Position Is A Position Neutral.

If your plan calls for taking a step back and waiting you must listen, observe and wait for the market conditions to become conducive to your strategy. If you don't have a plan then it's time to create one for yourself. If you need help, ask for it.
Look at the SP-500 chart above.
There's nothing magical about technical analysis--at least the way
I approach it. The market went sideways for most of the year. It
broke down out of that range. On rallies, those who bought during
that range will likely look to get out. It's human nature. That
selling will cause the market to drop.
Am I sure? No. No one everknows for sure but this is the logical way to play it.

It is very important to remember that the market conditions change and we are going to have plenty of opportunity to make lots of money soon. Stay patient, positive and ready as the markets can change on a dime.

Discipline to follow your rules is essential.

I believe that having discipline to follow your rules is essential.  Without specific clear and tested rules, speculators do not have any chance at success.  Why?  Because speculators without a plan are like a general without a strategy, and therefore without an actionable battle plan. Speculators without a single clear plan can only act and react, act and react, to the slings and arrows of stock market misfortune, until they are finally defeated.  - Jesse Livermore

EU Solution-A Transaction Tax-What It Means To You.

To me, transaction taxes are like a willing, sexy women at the bar. She looks so appealing. You take her to your room, and you wind up with a disease that you can never get rid of.


Transaction taxes are taxes on liquidity. Every time a trade is placed, a tax is paid. That makes it more expensive to trade. Market participants have to widen the bid/ask spread to account for the tax. This damages the market and costs consumers more than they actually realize.