Maybe that headline is way off-base, but I believe it to be true for the most part because often I am a sidelined trader as I’m so quick to take gains. I believe that is the main reason that I’ve been able to thrive in these markets recently, is my ability to take my gains quickly by scaling out and not hesitating to exit a position if it hits my profit target or triggers a sell alert.
However it is frustrating the times that I’m in cash looking for my next purchase, and I feel that many traders have been waiting for the mother pullback to get long and that just will not happen in my opinion. A pullback never looks the way we want it to, and while I spoke about the bad risk/reward on the Nasdaq trade the other day…trading is all about risk first, reward later.
Complete Story »
Source: http://seekingalpha.com/article/232905-markets-continue-to-baffle-sidelined-traders?source=feed
No comments:
Post a Comment