We are traders and masters of risk. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade. What I am saying is that the market makes all the decisions. Our only decision is to listen, feel, and respond to the market’s siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.
Sunday, April 8, 2012
Trade what the market gives you!
Markets are always changing and last week we had a ton of accouncements that really stired up the market in one way direction. Last Saturday March 31 2012 we had the Chinese Manufacturing PMI preform better than expected and really gapped the price action early Sunday morning. Then we had FOMC meeting and NFP coming out putting the market into a frenzy. With that we had a long weekened! This was the time to scale down positions and be on the sidelines. The market gives what it gives and takes what it takes. The best position during these circumstances is to wait and let the storm ease. It is important that we cannot expected winners all the time and losses are inevitable. Let the market do its thing.
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