Thoughts for a Sunday.

If you don’t have the creativity and flexibility of at least two scenarios than you can’t be a successful trader over the long term.

Trading is the ability to see things in terms of another.  What is the chart saying and how long before it gets its point across.

A chart is art.  It is an expression of emotion, belief, and change.  One person may love it while another hate it.  They can argue what it means but the outcome of that argument may not change the value.

Reaction time can be a problem in volatile markets.  The first one up the hill gets the arrows, make sure you have the proper protection.

We would really appreciate your feedback, if you like, hate, or think we are full of crap. Please leave a comment, a voice mail (312) 725-9121, email info @ traderhabits (dot) com or twitterstocktwitsyoutube and facebookSubscribe to Traderhabits by email or to newsletter.

The services and materials provided should not to be interpreted as investment advice, an endorsement of any security, commodity, future, or personal investment advice, or an offer to buy, sell, hold or trade futures, options or commodity interests or a recommendation to buy, sell, hold or trade futures, options or commodity interests. You assume the entire cost and risk of investing and are solely responsible for any and all gains and losses, financial, emotional, or otherwise, experienced, suffered, or incurred by you.

Read previous post:
It isn’t the losing, it is the not getting back.

I get a phone call.  I make a few phone calls to cancel the meetings I have scheduled, I pack...