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Tuesday, July 12, 2005

Wrestling with the markets

Trading is not an easy job otherwise everyone could do it. Here is a guy who is, after asking himself whet kind trader he is,rethinking his exits when in a good trade. Exits are as important as entries. I am a liitle frustatad that I didn't finish my article about exit strategies yet. I hope to finish it one of these days. Lots to do.

This trader is wrestling the choppy intraday markets, which leaves him not much space to set up enough good trades. He gives some good advice: don't tarde too much but wait to right opportunities occur and read in the meanwhile a good book. There are days in which I just wait for hours and hours, doing other work or just waiting and reading.

The markets up again today. When will this bull rally which started last thursday be over at least for a couple of days?.The S&P at the moment testing the high of early march at 1225.






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