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, August 18, 2013
Looking Ahead: August 19 through August 23, 2013
Investors continue to be obsessed with the Federal Reserve’s next move and in the process could be ignoring mitigating information that could delay any cut back in stimulus. Most equity indexes advanced on the week except those in the U.S.
The last two weeks of August are typically slow with light trading. Data releases in Europe are typically deferred during this time as well. Investors will wait for September before making any dramatic moves, ceteris paribus.
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