Looking out the window, you see it is raining. Put your hand out of the window, you know it is raining. And yet, you still feel the need to view the website or call Bureau of Meteorology to confirm if it is really raining. Some traders trade in this way. Is the the word “confirmation” really confirming something or it is just showing the lack of confidence of your own strategy, or even your own opinion?
Found this clip on Youtube. Linda Raschke�discusses her pre-market preparations, technical and fundamental analysis, and important steps traders should take to prepare for each trading day.
Here is quote from my interview with TASC some time ago. I thought it might help some of my 13 readers to kick start the new year. Here’s to a healthy and profitable 2012. Now, let’s get back to business.
We force the market to come into our zone or level before taking a trade. We wait. It is worth it.
Reds coach Tony Strudwick explains how quick decisions and anticipation distinguishes the top players. Learn to react before plays develop.
Can you relate this to your trading?
Enjoy!
I was a big fan of Larry Williams when I started trading. I guess I have read all of his books. In this video, Larry shares few nuggets of trading wisdoms. Enjoy and have a good weekend.
