As an intellectual pursuit trading is not a difficult endevour, the rules are quite simple and they revolve around the central tenet of cutting your losses and letting your profits run. This maxim has been with traders for generation and a failure to recognise its importance has even afflicted the greatest traders. The late Jesse…
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This explains a lot…..
Earlier this week I reinstated my longs on the Dow – the combination of a breakout to new highs and a low volatility is hard for me to resist and as fate would have it the market decided it would reverse. So what does this mean for this position? At present nothing, markets do…
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