Tuesday, June 23, 2009

Name your price

A friend of the blog had some good advice on being patient in slower trading.  I think it is especially apt in the current trading environment.  He tells me to "wait for my price."  In other words do no get anxious if the set up and price does not suit me right now.

I have noticed lately that I have taken some heat initially on the majority of my trades.  In other words I am early.  I would be better off picking an ideal price (at least on part of my size) and waiting for trade to come to me.  This also involves not being afraid to miss a move.

Don't be a Kim: