Monday, September 15, 2008

Traders need to let the market tell them what to do.  Having an opinion of market direction can be a costly proposition.  How will I know when to trade from the long side?  I am looking for the first time that the market (s&p futures) sell off and stocks don't go down.  This will be the markets way of telling me that it is time to get long.  We have not seen this in a while.  Sure, the market has gone up and stocks have followed, but when the market rolls over the stocks have followed suit.  The market always tells you what to do.....we just need to listen.

Good trading!