Donât you just love a market that moves sideways for 10 days or so? Ya, me to. Itâs enough to make you sit around and see just how far you can push the line with the boardâs moderators in terms of how much crap they will let you get away with.
As I have mentioned more then once, my weekends are almost always spent studying the charts, and rare is it that I do not discover some heretofore-unnoticed sure thing thing just starring me in the face. Something that works over and over again â a canât miss pattern, or whatever, that always works.
Or that always works until you try it on Monday with real money on the line. I have come to realize that so long as you just look at this heretofore-unnoticed phenomenon, without actually trading it, it will continue to work â without fail â but as soon as you bet the farm on the sucker, it stops working.
Itâs enough to send a guy to the bathroom for an old-fashioned manly cry! (This is an example of seeing how far you can push the moderators.) Itâs enough to turn a normal, mild mannered fellow into a raging paranoid. And yet there is a perfectly good explanation for it â the markets are in a constant state of change.
The past two weeks being a perfect example. The market has turned stagnant â it ainât going upâ it ainât going down. So all of the sure-fire methods that had been working ainât workinâ now.
Lifeâs a bitch, and so is the market!
So here I sit with the aforementioned sure-fire canât miss secret to success (not to mention, riches), and the frickin good-for-nothinâ market is toying with me â teasing me, testing me almost to the braking point.
But I have prevailed. I caught on early that we are in congestion, and have only stuck my toe into the waters cautiously, withdrawing quickly at the first sign of trouble. The result has been fewer than normal trades, and VERY SMALL profits.
What remains to be seen is if I am maturing as a trader, or just reverting back to the days of being scared. But there is no answer to that question until the price action resumes.