Saturday, September 11, 2010

Emotional Trading

The following video was passed on by a friend and mentor, Gino Poore.  This video, while funny, is, for some, very real.  Rather than blab a lot about emotional trading, let me just say that instead of trying to read a "crystal ball" we need to read the market.  We need to trade what we see, not what we feel.  It doesn't matter what we think of the politics of the day, or the fact that we may "love that stock," what matters is having a toolkit full of strategies that can be executed depending on the conditions of the market at that time.

Enjoy the market and have fun.