Wednesday, August 31, 2011

What to do when you are almost completely clueless?

Sometime the waves of market can make you clueless.

You will just look at market and say, this is insane. This is not right. This is manipulation. This is casino!
This is EVIL! Well, this is the nature of the market. It can behave irrational (maybe just in your eyes).

What to do other than smashing your keyboard?

First of all, take care of your open positions. If you have some positions, plan for the worst scenario as usual. If you don't have any positions, then life is a bit easier. You go back and dive into the market. Try to find the rhythm and themes of the market again first.

Second, there are the time that's not meant for you to go out for a battle. It might be low volume days, low range days, or inside days. It might be the market themes that is not for your strategy. Market might have changed.

Third, focus on the basic things. Focus on the simple setups that work for you and the simple ideas that you can learn.  Use small positions to regain your bonding with market.

There is no need to regret about the chance missed. Truth is, we will miss 90% of opportunities in this non-stop market.

Focus on the small things you can do, one step at a time.



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