Ugly looking Tape on YM today

time 4 an EOD rally today..it always happens when the dow is down around 100 points mid day.

 

Could easily see another Dow +300 day with all the bullishness floating around.

 

If the "way you trade" isn't conducive to the market action, then you are smart to not trade.

For me, this has been a very "easy" and orderly market day (es).

The great thing about being a trader is that you can pick your opponent and the time to trade.

Only trade when you can beat the market, otherwise, stay away. It's just part of overall good money mangement.

 

YM down the toilet, thanks for listening. More call after the break.

 

The orders coming through are tiny. The huge funds will begin to load up soon

 

Of course when I get out we start trending!!!! Isn't always like that.

But if I kept trading the market would have kept chopping me up!!!

 

Here come the buyers and the rally to green

 

What kind of edge is that ? Everyone looks at that .

 

Ok I see.

 

Enough of an edge that I just put 20% down payment on a new pad with this years profits.

I also use moving averages as part of my edge too... even though everyone uses those too?!!?

Does you consider an edge someone NO ONE else looks at?? If so you may be in trouble with your edge.