Market Uncertainty?

The markets are not uncertain. I am. The markets are showing bull trend especially the DOW it is currently in a bull trend channel and does not appear to be slowing. I have been waiting for the other shoe to drop and I expected it from Bernanke last week. When the opposite occurred and I was wrong it makes a trader think. So right now I have no plays I am going to sit back and watch the markets for the next day or two and redevelop a plan.

This is the best thing a trader can do - when you are uncertain about the market or a play, then stay out of the market you can lose big if you don’t. There is no rule that says you have to be in the market. It is always better to stay out when you are uncertain.

No Tags