Ranging market conditions - wiser to stay on the sidelines
5 min Emini Nasdaq 100
15 min Emini Nasdaq 100
Hi,
Remember what I said yesterday about ranging markets and that the return is not worth the risk taken? I had suspected that this condition will continue for a couple of days.. Don't ask me why the market is like that. I can't control the market, I simply ride the trend when there is a trend and stay out of trouble when there's no trend. With Iran continuing to enrich uranium and a slew of economic data coming out, we should expect the market to move like crazy... Sadly,,,,,, that's not the case.. and as traders, it's the greatest sin to con yourself into believing there's a trend when there's no trend at all... Learning when not to trade is just as important as learning how to enter and exit...