Monday, May 23, 2011

Just a Reminder

Just a reminder to the readers of our blog that might be newer to trading that days like today can be tough to trade. If you can scalp the range, great but if that's not your thing then don't be too proud to just take it easy until the right set up develops. Sometimes the best trade is not taking a bad one and giving up edge, or getting chopped up, or churning commission. As they were pushing the market to new daily hi's, we were looking for stops to get hit rather than a breakout. Hoping you didn't get sucked in. Remember to stay light and tight!

This isn't advice so much as its analysis. Use your brain.

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