January 15, 2016
Well it is hard to believe that half the month is already over. Time seems to really fly when you are tuned into the markets as the days pass like minutes.
That being said they have been very anemically range bound this week and opportunities have been scarce to say the least. It is times like these when most traders give back a lot of profits as they chase returns. Remember most traders have a trading plan where you need a certain amount of pips or ticks a week to be in line with your goals. Except the markets rarely every cooperate to even the best laid plans. If there is no trade to be taken this also has to be exercised and the part of your plan where you preserve your capital has to be taken into account. No trade is a winner if you preserve your capital and you are able to identify the conditions that made you exercise the option of not taking a trade. This was likely one of those weeks.
That being said I do see some bottoms being formed in Oil and in the Stock indexes. I will be looking to enter buys at some point again except this being Friday I am not really interested in chasing a lack luster market which can be treacherous at the best of time. So we will take a fresh look over the weekend and make our decision on Monday.
Today would in all probability be a good day to sit on your hands.
One of the key points that more experienced traders have over junior traders is the knowledge of when to take trades and when to stay out. When to use leverage and when to leave it alone.
Anyway if you are looking for more of what I am offering and some good calls on a daily basis then you may wish to look at our site on facebook called Almach Capital. Soon we will have a brokerage and some opportunities for you to build a business through us. I am a person that is goal oriented to give back the most I can to people so that I can enhance the world before my time is up. It is not easy to do this in the trading world but that has always been part of who I am. So check it out if you wish to do so and I will likely be updating and seeing you over the weekend so that we can know what may hold the greatest trading opportunities next week. Cheers!
That being said they have been very anemically range bound this week and opportunities have been scarce to say the least. It is times like these when most traders give back a lot of profits as they chase returns. Remember most traders have a trading plan where you need a certain amount of pips or ticks a week to be in line with your goals. Except the markets rarely every cooperate to even the best laid plans. If there is no trade to be taken this also has to be exercised and the part of your plan where you preserve your capital has to be taken into account. No trade is a winner if you preserve your capital and you are able to identify the conditions that made you exercise the option of not taking a trade. This was likely one of those weeks.
That being said I do see some bottoms being formed in Oil and in the Stock indexes. I will be looking to enter buys at some point again except this being Friday I am not really interested in chasing a lack luster market which can be treacherous at the best of time. So we will take a fresh look over the weekend and make our decision on Monday.
Today would in all probability be a good day to sit on your hands.
One of the key points that more experienced traders have over junior traders is the knowledge of when to take trades and when to stay out. When to use leverage and when to leave it alone.
Anyway if you are looking for more of what I am offering and some good calls on a daily basis then you may wish to look at our site on facebook called Almach Capital. Soon we will have a brokerage and some opportunities for you to build a business through us. I am a person that is goal oriented to give back the most I can to people so that I can enhance the world before my time is up. It is not easy to do this in the trading world but that has always been part of who I am. So check it out if you wish to do so and I will likely be updating and seeing you over the weekend so that we can know what may hold the greatest trading opportunities next week. Cheers!
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