Some people think the most successful people are, on the whole, a happy lot. It always seems that Lady Luck smiles in their direction. As they move from one success to another, others sit on the sidelines and complain it’s not fair. I suppose they never realize they could be just as lucky if they would only stop complaining and begin making the most of the opportunities that exist around them. Complaining, envy and jealousy are never attractive qualities when compared to an optimistic outlook. Not only does it turn people off, but the negativity is also like a black hole that sucks more of what they don’t want into their lives.
I finally stopped taking phone calls from trading friends that just want to complain about the continued “madness” in the stock market, and how it is sucking every last nickel and dime from poor unsuspecting traders.
“Depend on the rabbit’s foot if you will, but remember it didn’t work for the rabbit.” – R. E. Shay
Really? I doubt it. I may be going out on a limb here, but I’m going to give credit to the average trader. I am talking about the less than 5% of the 99% that has money to trade. People who are trading in the face of the litany of lies and deception spewing out of Wall Street.
Just stop and think for a moment. Who has the motivation to keep the stock markets moving higher? Who is massively long on equities, treasuries, and short precious metals, the average trader? No way!
The self-centered reporters from the financial media who believe they are “in the know” pros have no idea of how they are routinely led to slaughter. The recent stock market activity isn’t a battle between “bulls and bears” it is a struggle of continuing a charade for the masses that the media believes are gullible and stupid. I find this apprehensible and deceptive.
The greater fool theory may be alive and well, but it is because the “masses of asses” sitting on trading desks still believe in the “rote” reaction in response to the continued spewing of financial news pundits.
Trading at the intraday level continues to offer an abundance of opportunities. Typically, the trading starts with the broader indexes moving in a seemingly defined direction. However, without any supporting evidence or concrete news, the algorithmic trading machines move into the stock market and start an upward avalanche that triggers additional buyers and so on. Should you sit back and take notice when the indexes push to new highs? You bet! In fact, you can even sell into the movement, and against the grain because of the inevitable reversal for a few points. Again, I’m not making any bearish statement or bias, but merely trading what the stock market gives at that moment.
So should you trade when the stock market is banging up against a defined range level? As a position trader, the answer is No – not even with someone else’s money – But, as a day trader, the answer is an absolute Yes. After all, it’s only a number!
The current stock market state remains prime for day trading. There are numerous opportunities for a growing list of traders who approach the stock market from a bullish perspective as well as traders who approach the stock market from a bearish viewpoint. Being able to reduce and separate the “noise” from opportunity takes knowing and executing a well-defined strategy. This situation allows you to see opportunities amongst the “chaos” and by trusting the mechanics of your strategy, be able to take advantage of them.
Emotions can and do run wild and often with higher velocity when feelings become facts. Tuning out the noise is an art form that few master. Technology has made the information highway travel at “warp” speed. Much of the information is “noise” but when emotions run wild so does the “noise”. Focusing on “noise” instead of reacting to a definitive decision is a losing proposition. Knowing why should not be the first response.
The trading opportunities are abundant within equities, futures, ETFs, options, treasuries, and precious metals. Opportunity continues to knock on our doors. While it doesn’t come without risk, risk can be defined and more manageable. Volatility and broad moves are exactly what a day trader desires and being able to respond without questioning is a luxury many are unaware of.
Using the Diversified Trading System (DTS) with various stock markets can produce reliable results. The combination of either of the systems with Trade Manager provides a solid, more stress-free way to build profitable trades.
See our diversified trading Systems in action Every Wednesday in our Trade Room. Register Here.
TESTIMONIAL DISCLOSURE: Testimonials appearing on www.IndicatorWarehouse.com may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.
LIVE TRADE ROOM DISCLOSURE: All presentations, videos, and information are for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.
Commodity Futures Trading Commission Futures and Options trading has substantial potential rewards, but also significant potential risk. You must be aware of the risks and be willing to accept them to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which Indicator Warehouse will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors.