http://ichart.finance.yahoo.com/b?s=^GSPC Sometimes it's as simple as this: price broke previous close which was a support zone for 1.5 sessions. Enough volume trade at that price that when price failed to hold the path of least resistance was down. Rolling through stops with new initiative shorts. That coupled with the fact that post-options expiration are often weak. However tomorrow is another day.... Good Luck, D.
No plan, no trade. Stop first, exit plan second, trade third. Never lift or loosen a stop, but tighten your stops when a profit accumulates. Set daily loss limits.
Trading should be easy if it is not then you should be trading other peoples money under a mentor or risking the minimum ante to get in the game.
Mikey's fifth law of women: "You can't go wrong doing the opposite of what she says she wants." The same applies to Miss Market, because she's a bitch.
So, like you wanna buy my guaranteed to win system ten years in the making back and forward tested for $4,500 but only 23.5 people will be allowed as I don't want to ruin the edge... :eek:
unfortunately this comes from experience: 1.) preservation of capital is key to any new trader because if you do not do this you will just have to keep making the deposits rather than the ulitmate goal of keep making withdrawals and unfortunately another one from experience: 2.) the general and simplest advice ( countless ) that comes from the experienced traders is soooo true - don't start to take them up on this advice after x amount of time because - see point one above
Patterns exist. Worth studying Today is like yesterday so far and yesterday the low of day came in at 9:15 and 9:30am central and 10:15-10:30 New York time.