I posted this @ 4:15 AM Eastern Time, trying to let you guys know, how CNBC and all the Talking Heads Plant a BIAS in your heads, Sad really, most of the futures traders got killed on the open today, they even asked a floor trader what he was looking for he said 1477 on S&P to hold today, just to get you traders thinking that would be support, well that planted a bearish BIAS
to get us on the wrong side!!!
Now, what will the markets do for the rest of the day ??
10-22-07 04:15 AM
speculate
Main Entry: spec·u·late
Pronunciation: \ˈspe-kyə-ˌlât\
Function: verb
Inflected Form(s): spec·u·lat·ed; spec·u·lat·ing
Etymology: Latin speculatus, past participle of speculari to spy out, examine, from specula lookout post, from specere to look, look at â more at spy
intransitive verb
1 a: to meditate on or ponder a subject : reflect b: to review something idly or casually and often inconclusively
2: to assume a business risk in hope of gain; especially : to buy or sell in expectation of profiting from market fluctuations
transitive verb
1: theorize
2: to be curious or doubtful about : wonder
Hey Just want to try to do my best to get you all back in to
grips, I was reading and seeing a lot of post here and on some
other areas, just be careful before you pull the trigger on a stock or index this week, look at your charts take a second to think
1) "DO I HAVE A SET-UP"
2) "WHAT IS MY PROFIT OBJECTIVE"
3) "WHY AM I TAKING THIS TRADE"
It gets hard to be objective when we see the markets fall like they did on friday, and the futures tank when they open Sunday night but please be objective don't get to bearish or bullish, remember the pros need us to be on the wrong side to profit from us and the overnight markets can be pushed around easy!
Try not to let our emotions get the best of us
I did a short clip on Behavioral Trading
It may be of interest to some, and check out the others as well
I will be doing setups and exits soon so if you want just hit the subscribe button and you will be notified when I post another
clip !
http://www.youtube.com/profile?user=TradePilotPro
Take Care,
Joe B.
Oh yea and the part about SPECULATE I just wanted to point out
that is says nothing about gambling, we first need to SEE something before we pull the trigger not "THINK" we know
what the market is going to