It seems someone on ET is making a prediction every freaking day these past few weeks. "C will go no lower" "Market up 5% EASY tomorrow." When does it end?
For you predictors.....trading has absolutely, positively, without a shadow of a doubt, nothing to do with being right and "knowing" where the market is going. Here's what a trader does. He flips through a bunch of charts and he begins drawing lines. All the while he is thinking, "If the market does this I will do that and if the market does that I will do this." This very basic statement means he steps into the market with either a small bias or better yet, no bias. He knows "anything can happen" and he prepares for anything. If Plan A doesn't unfold you can bet your ass he has Plan B laid out well ahead of time and then there are even occasions when Plan B does happen but it turns into Plan C and the appropriate action is taken. Trading is not about predicting, it's about listening to the market's message and acting accordingly. The longer you predict the longer you'll be a loser.
Up tomorrow? Down tomorrow. I don't give a rat's ass. If it goes up I'll do this and if it goes down I'll do that. See how easy trading just became?
For you predictors.....trading has absolutely, positively, without a shadow of a doubt, nothing to do with being right and "knowing" where the market is going. Here's what a trader does. He flips through a bunch of charts and he begins drawing lines. All the while he is thinking, "If the market does this I will do that and if the market does that I will do this." This very basic statement means he steps into the market with either a small bias or better yet, no bias. He knows "anything can happen" and he prepares for anything. If Plan A doesn't unfold you can bet your ass he has Plan B laid out well ahead of time and then there are even occasions when Plan B does happen but it turns into Plan C and the appropriate action is taken. Trading is not about predicting, it's about listening to the market's message and acting accordingly. The longer you predict the longer you'll be a loser.
Up tomorrow? Down tomorrow. I don't give a rat's ass. If it goes up I'll do this and if it goes down I'll do that. See how easy trading just became?
