'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, August 3, 2013

Market's Random Thoughts

It's a weekend and was summarizing the market activities the past week or so, and considering the news and the Calendar events that was scheduled, the market still made an uptrend move. Unless you are a short term participants as compared with the long 'termers', you will experienced a nerve wracking emotional pulse because of the market's up and down swing. Well, that's how the market is, if the market doesn't move in a pulsating manner, there is no market at all, the market is like a human being.

The market is topping up, it might consolidate or will move sideways within the coming days or possibly weeks. Profiteers are readying their wide basket to catch any (abrupt) potential drop of green bucks anytime. Let's get ready to 'rumble' (or ruckus) as the famous Michael Buffer always voiced out.

Anyway, better for the short term participants to make a break in the coming days or possibly weeks. Time to reflect something outside our comfort zone once in a while and have something enjoy a quiet environment.

Been a while studying/observing the market in our humble ways and it's important to have some break once in a while and think/do something different. Get some exercise possibly, do some painting, read some motivational books or whatever that can inspire us in our lives will do good. Set some goals, have more dreams, as they said, 'if you feel that your life is closer to average than you desire, you need to do more dreaming'.

From Malcom Gladwell's book Outliers, to master a craft in any field, one needs around 10,000 hours of practice in order to become used to it or become successful. That's a lot of hard work, and that's what we've been trying to practice in the market, we need continuous learning in the market. When dealing with the market, one need to be adaptable, because the market is an ever changing environment.

But we need to be balanced, not only in our life but in any of our endeavor. Also we need to continue in our learning and to continue to prepare, because when there is a chance or opportunity, we are ready to grab it. That we can apply in the market, we need to be always ready and timing is important in the market.