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.
Monday, May 7, 2012
Looking Ahead: Week of May 7 through 11
The calendar is relatively light but still with key updates. Consumer credit posts Monday—updating consumer willingness to spend. Traders will be watching Thursday's international trade report to see if exports have been dented by a sluggish Europe. The week closes with PPI and consumer sentiment.
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