Hi Everybody,
It was another quiet day on the US e-minis yesterday, but then this was to be expected. As I outlined earlier in the week, because we have had a very good week last week, we should now expect some harder days and some quieter days. This is just the natural cyclical nature of trading, where the good times are followed by harder and quieter times before the good and profitable times come round again. Your job as a trader during these harder times is to preserve your trading capital so you are ready to take advantage when the good times come round again.
Too many amateur traders get frustrated during these quieter times and as a result start making silly trades, which then frustrates them even more with unnecessary losses, so they then miss the good trades when the come round. By knowing how markets really works, and understanding the natural cyclical nature of trading, you can be ready for these quieter times, and as such know that there will be less trades and also a few small losses. This prepares you to not get frustrated, so you are then ready for the profitable trades again .....
Thanks
Steve
It was another quiet day on the US e-minis yesterday, but then this was to be expected. As I outlined earlier in the week, because we have had a very good week last week, we should now expect some harder days and some quieter days. This is just the natural cyclical nature of trading, where the good times are followed by harder and quieter times before the good and profitable times come round again. Your job as a trader during these harder times is to preserve your trading capital so you are ready to take advantage when the good times come round again.
Too many amateur traders get frustrated during these quieter times and as a result start making silly trades, which then frustrates them even more with unnecessary losses, so they then miss the good trades when the come round. By knowing how markets really works, and understanding the natural cyclical nature of trading, you can be ready for these quieter times, and as such know that there will be less trades and also a few small losses. This prepares you to not get frustrated, so you are then ready for the profitable trades again .....
Thanks
Steve
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