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Wednesday, October 12, 2005

Psychology

Losses are inevitable for traders. The Stockbandit is writing about it today.
I find it very usefull to read about psychology and trading at Steenbergers blog. Innerworth, I mentioned it before, it's very useful stuff to read everyday and to remember when trading.

Markets further down today. Difficult for the bulls at the moment, though not closuing at the low of the day. You might expect some recovery from here. The VIX for the 7th day in a row up, see chart below, and far away from the 200 SMA.





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