Last week on January 26, new highs were made, but on much narrower range and lighter volume. The next day continued higher on lighter volume (1.554 million contracts) and narrowed into an NR7 day. This began to look like dullness at the top of the rally. We also see SOT at the highs. Buyers appear exhausted, giving a chance for sellers seen on January 19th an opportunity to … [Read more...]
Bouncing Back From Trading Losses: Trading Psychology & Losses
Let's face it, trading losses can be tough. No one likes losing money. But as every trader soon learns, trading losses are a routine part of the game. Nevertheless, many traders find it difficult to accept thoses inescapable trading losses. Learning to tolerate and deal with trading loss may be just as important as making good trades, perhaps even more important. Here are … [Read more...]
