We are in the heart of earnings season and as short term traders this is where the majority of our attention is focused. But on Friday July 29th there was a major fundamental catalyst in MCRB. Its FDA drug trial had failed. The stock was trading lower more than 50%. By 8AM before the market had opened it had already … Read More
There are certain months where traders simply shouldn’t trade because their trading strategy would preclude them from doing so. It is important not to trade in a month where conditions are wrong for your strategy. If your experience and back testing show that you have a negative expectancy when trading, you must follow your system and not trade for the “fun of it” or income. In the long run, a lack of discipline along these lines will hurt your returns badly.