DAYTRADING FDAX FUTURE DOW JONES BLOG

Wednesday, January 25, 2006

PATIENCE AND GREED

There were not any trade setups in the BUND today, so I have to wait for chances later on the day. Patience is crucial for a trader; you have to wait untill your setups occur. Many novice traders make the mistake to overtrade. They want the thrill and become too impatience and greedy. No trades , no money, but also no money loss.

The DOW JONES moving in premarket hours 20 points above the yesterday's close.
Some charts:

The S@P 500 and the NASDAQ finding for the moment support at the daily 50SMA but can they stay there?





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