5 AND 7 FOR AN IRRATIONAL STOCK MARKET

Trading the market is difficult, not because reading a chart requires some special skill (it doesn’t) but because our emotions and otherwise “rational” behaviors have a tendency to lead us astray.  What we may consider rational thinking outside the charts is irrational within and vice versa. The market takes advantage of our “rational” decision making without our even knowing it.   Therefore, it is imperative that we develop ways to manage our emotions in an environment diametrically opposed to what would otherwise be considered rational.

A book that has helped me emotionally manage the irrational markets is Mark Douglas’ Trading In The Zone.  In it he discusses the 5 FUNDAMENTAL TRUTHS OF TRADING and the 7 PRINCIPLES OF CONSISTENCY.

 

 

In the following WATCHLIST REVIEW we first discuss the 5 and 7 above and then review potential trading opportunities based on our process for managing the markets.

 

 

I’m celebrating 10 years educating others on keeping behaviors in check while charting the markets. Check out the benefits of joining HERE, then email me via my CONTACT page for a special discount off the current listed membership fee. It may just be an offer you can’t refuse.

 

 

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