Tuesday, June 26, 2007

The house won that bet..

In 90 minutes those that were betting on the long side have already lost. In a short period of time we have been up and then quickly those gains were in one swoop taken off the table and house won that round.

Volatility is high yet again. Continue to stay on the side lines and watch from a safe distance. This is not a market to be trying to get in a swing trade yet. There will come a time that we will spot an opportunity to squeeze in under the mayhem. But right now.. lets watch.

If you feel the need to be "in a trade" right now then you are not adhering to a disciplined plan. To be trading just for the sake of trading will lead your capital down a hole fast. The real winners in the markets are those that wait for the right moment to make their entry.

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