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

Tuesday, February 14, 2012

An Ugly Valentine Trading Day (No Love For The Market)!

An ugly market trading range today.

Other than choppiness, the market went down from positive open and did not recover.

It still getting buried from the mud (as of this posting) and there's no clear indication it will rise up.

Same story from yesterday's trading range.

It's another "scalping" type of trade for the market.

This is the type/kind of market that is supposed to be studied carefully before putting trades, unless you are seasoned enough, you will get burned totally without recognition.

Trading 'recklessly' today is an exercise in futility, and if you don't practice discipline, you will be the loser.

Just wait for another day, anyway the market will always be there.

The important thing is you can still trade the next day.

Wait for the market to settle down (if it will settle?), or when the conditions suits your personality in trading.