Normal
Understanding the markets As we know all too well, any bad news in a jittery market will make traders rush into panic mode, causing huge selloffs only to find a buying opportunity the very next day. The markets are constantly doing things you don’t expect, it's the very reason to keep your emotions & frustration in check. Checking your emotions whilst trading allows you the peace of mind to hold good positions without panic selling with the heard.PerceptionsTraders need to understand that markets are based on human behaviour & our "perception" creates value at any given moment. While the differences in our perceptions can be subtle, they do alert us when the markets are not performing as they should. As we have seen during the past several weeks, the markets are not based on fundamentals. The markets are a reflection of the overall belief system of all the traders in the market at any given time. Charts reflect the markets as explained by [USER=82196]@over9k[/USER] in his chart reading thread. I'm a firm believer in using "indicators" to indicate where the market is likely to be heading - then trying to capitalise on that movement.Skate.
Understanding the markets
As we know all too well, any bad news in a jittery market will make traders rush into panic mode, causing huge selloffs only to find a buying opportunity the very next day. The markets are constantly doing things you don’t expect, it's the very reason to keep your emotions & frustration in check. Checking your emotions whilst trading allows you the peace of mind to hold good positions without panic selling with the heard.
Perceptions
Traders need to understand that markets are based on human behaviour & our "perception" creates value at any given moment. While the differences in our perceptions can be subtle, they do alert us when the markets are not performing as they should. As we have seen during the past several weeks, the markets are not based on fundamentals. The markets are a reflection of the overall belief system of all the traders in the market at any given time. Charts reflect the markets as explained by [USER=82196]@over9k[/USER] in his chart reading thread. I'm a firm believer in using "indicators" to indicate where the market is likely to be heading - then trying to capitalise on that movement.
Skate.
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