Tuesday, June 26, 2012
Market fought it's way up from Monday's bashing. Market is clearly struggling and is range bound. In this market, if you are not a nimble day trader I guarantee your portfolio will be wiped out pretty quickly. If you are making poor trading decisions, overtrading, incurring unnecessary losses or have an urge to get back the money you lost, it is time to stop trading and take a break. A better frame of mind certainly will help in avoiding mistakes in trading and preserving capital.