Stuck in the middle of the S&P and the NASDAQ futures.
I do this for good reason. It is to remind me, and anyone who cares to read what I have to say, that trading is a daily battle in the war for financial survival; therefore, we all best be prepared. If you are thinking about trading you are about to enter a battlefield that few survive, especially if you enter with no clue as to how to defeat the enemy. Part of knowing how to defeat the enemy is knowing what weapons to use, how best to use them, and when it is best not to battle. This last point is what I wish to focus on today.
1. September is considered to be one of the worst months on record for the stock market. Whether or not we see selling pressure again this year is yet to be seen but so far we have knocked out the best trading days of the month scenario.
This is PART FOUR of our series on accessing THE BATTLEFIELD TERRAIN (the current market conditions) before entering a trade. PREVIOUS POST IN THIS SERIES: INTRODUCTION PART ONE: ACCESSIBLE TERRAIN PART TWO: PRECIPITOUS HEIGHTS PART THREE: TEMPORIZING GROUND According to SUN TZU, one of our 5 star generals, ENTANGLING GROUND is defined as ground [...]
