'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, February 13, 2012

No Need To Be In The Market All The Time!

The market made a nice move early in the Globex market only to chopped it up in the regular open.

Unless you can read the market's price action, you will get burned and will turned your pocket full of dust with your trades.

Profit taking was the order of the day when the market opened that lasted for almost the whole trading day.

I didn't find any highly probable setups to trade today unless you scalped the market which will make your head turned spinning due to choppiness.

Today's market are for the highly sophisticated energized traders boosted with adrenaline induced monster decisions.

Unless you have that kind of qualities, your trading will get massacred.

That's where discipline counts in trading, you cannot just be in the market all the time.

As they said, trading the market all the time are for the fools and the gamblers.