Tuesday, July 14, 2009

1 Star days seem to be the norm

Trading has been somewhat uneventful for the past month or so. A trader needs to be able to distinguish between a difficult market and trading poorly. How do I figure this out? First, at Trading RM LLC, we work as a team. It is much easier to figure things out when you are not doing it alone. Second, I have an extensive network of traders who I talk to on a regular basis. When everyone is struggling I make sure to make the appropriate adjustments. 1 Star days call for doing less trades and less size. A seasoned trader knows how important it is to lay low during slow range bound markets. That being said, there are profitable trades to be had during slow trading environments. When I am trading well I am able to take advantage of these days while limiting my overall risk profile.

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