Gman, head trader at SMB Capital, wrote an excellent article for Wall Street Cheat Sheet about why, because of the increased volatility in the Market recently, it is critical to have developed trading skills. You can read the full article here.
Gman, head trader at SMB Capital, wrote an excellent article for Wall Street Cheat Sheet about why, because of the increased volatility in the Market recently, it is critical to have developed trading skills. You can read the full article here.
4 Comments on “Skills Overpowering Knowledge: Learn to Be Patient”
what do you mean trade move to move?
what do you mean trade move to move?
JJ- great question. Trading move to move means just taking small trades. You see a play develop, you take your trade and then you get completely FLAT when it looks like its out of gas. What is really not working these days is trying to catch the multi-point move. What only works is taking small trades here and there and grinding a day out of that. Trying to go for the big moves using relative strength/weakness concepts is useless and the market has no volume and reverses at least 4 times a day. 🙂 Hope that helps.
Gman
JJ- great question. Trading move to move means just taking small trades. You see a play develop, you take your trade and then you get completely FLAT when it looks like its out of gas. What is really not working these days is trying to catch the multi-point move. What only works is taking small trades here and there and grinding a day out of that. Trying to go for the big moves using relative strength/weakness concepts is useless and the market has no volume and reverses at least 4 times a day. 🙂 Hope that helps.
Gman