XJO 0.10% 7,767.5 s&p/asx 200

friday trading, page-81

  1. 5,311 Posts.
    "there are many ignoring this and feeling the stress of non reaction to current intel and holding with frustration determined to be right no matter how long it takes!! "

    and therein lies the problem. Holding until you are right is a high risk way to trade. The ONLY way to trade (imho) is

    1. Do YOUR analysis using YOUR chosen method,
    2. look for trade opportunities based on that analysis
    3. enter trade as appropriate using risk management
    4. let the market show you if you are right/wrong/neither.

    Remember, EVERYTHING is already priced in. You are trading what your analysis is saying MIGHT happen, not what has happened.

    There is no spoon....... A traders job is to figure out if it will still be a spoon in the future.
 
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