'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Monday, December 27, 2010

Observe & Trade


Was late from my trading table today and was not able to do my pre-trading plan.

It's a profit taking in the open.

We'll see if it will consolidate from thereon.

If you sell right in the open especially the QQQQ (NQ), you can make a fast money for the day.