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

Saturday, July 28, 2012

Friday's Market Conclusion

Missed the "meat" on this one last Friday due to some important appointment for most of the whole day.

Was in the market early and traded in the open and got whipped.

The lesson there is if you will not be in the market (trading time), don't trade at all.

That's what they termed "greed" in the market (or I am overtrading?).

As one great trading passages labeled, "you cannot trade the market all the time, only fools do!"

So I am a 'fool' last Friday.