Monday, September 19, 2011
Sunday, September 18, 2011
The market is on a range mode from this daily chart. Might see some volatility come Monday opening for some news coming from the Europe and the Asian markets.
Also from the Fed or other economic calendar news.
But for traders, any news that are forthcoming is a welcome development because that is where the opportunity knocks.
React to the news and not anticipate as well as be defensive all the time is the right thing to do.
Expect the market to be choppy, but there is a tendency to rally depending on the sentiment of the participants especially the big institutions.
Be watchful and observant traders...just form your trading ideas with the market movement and get involved...
Also from the Fed or other economic calendar news.
But for traders, any news that are forthcoming is a welcome development because that is where the opportunity knocks.
React to the news and not anticipate as well as be defensive all the time is the right thing to do.
Expect the market to be choppy, but there is a tendency to rally depending on the sentiment of the participants especially the big institutions.
Be watchful and observant traders...just form your trading ideas with the market movement and get involved...
Trading is a process
It takes a lot of time to learn how to become a real trader.
There are no shortcuts. It takes a lot of learning years.
From reading tons of trading and investing books, surfing the net, reading blogs, attending seminars, and sometimes falling prey for some expensive promising subscriptions is the first step.
Other than that, the confusion how you want to be, a trader (ie. John Paulson, Livermore, Baruch, and others) or a Warren Buffet, Peter Lynch style kind of investor.
As a trader, there is what you call the personality traits that needs to be considered.
There are what you call the short term and the long term or the intermediate form of trading.
It depends about how to find your own personality, about who you are (know yourself).
Finding your own personality is the second step to be a trader, other than learning what trading is all about.
Approach trading as a business or a job, not expecting first to make a killing (make money) in the market.
Becoming a trader is like a doctor, an engineer or a lawyer.
Practicing your skills or mastering yourself in your specialized field takes time, patience, commitment, dedication and other self-help determination.
There are no shortcuts. It takes a lot of learning years.
From reading tons of trading and investing books, surfing the net, reading blogs, attending seminars, and sometimes falling prey for some expensive promising subscriptions is the first step.
Other than that, the confusion how you want to be, a trader (ie. John Paulson, Livermore, Baruch, and others) or a Warren Buffet, Peter Lynch style kind of investor.
As a trader, there is what you call the personality traits that needs to be considered.
There are what you call the short term and the long term or the intermediate form of trading.
It depends about how to find your own personality, about who you are (know yourself).
Finding your own personality is the second step to be a trader, other than learning what trading is all about.
Approach trading as a business or a job, not expecting first to make a killing (make money) in the market.
Becoming a trader is like a doctor, an engineer or a lawyer.
Practicing your skills or mastering yourself in your specialized field takes time, patience, commitment, dedication and other self-help determination.
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