Thursday 2 September 2010

A quiet day.

Hi Everybody,

As part of the Cyclical Nature of Trading, the markets also have quiet days, when few (or no) setups unfold. Yesterday was one of these days. Quiet times are just part of trading, again amateurs are always after excitement and action (which is wrong), where the professional has the patience and discipline to wait for the low risk setup to come to them.

We have had a hard period recently, with not many big profits, so that just tells me that we are nearing the part of the cycle when a string of big profits are about to unfold. It is usually at this time that most amateur traders get bored, just before a big trade.

So let’s see how the rest of the week unfolds.

Thanks, Steve