Pre-Market Update

"There’s little reason to doubt that the Friday-Monday Effect won’t dominate market action today. For those who missed Friday’s reports, the Friday Effect says that when the market ends on a strong up move on Friday, that trend continues on Monday. The same thing often happens on the downside as well."

 

principles which should be followed for success

~ trade the best markets, trade with the trend, bet small, use stop losses, cut losses, ride winners, don’t over-trade, be patient, be disciplined, be happy

 In a strange way, success comes from happiness. Most people think happiness comes from success.
~ Miro ~  

S&P 500

                                  click to enlarge

"Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions."

 - Ed Seykota

mine too

writing your journal

http://www.youtube.com/watch?v=mnk-pzUAehs