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Patience
If you were trading indexes this morning, patience was the name of the game…
How to Avoid Overtrading
“In the market environment, you have to make the rules to the game and then have the discipline to abide by these rules, even though the market moves in ways that will constantly tempt you into believing you don’t need to follow your rules this time.” ~ Mark Douglas, The Disciplined Trader
How to Know When the Market is Ticking Up or Ticking Down
Jim asked about the 1-minute chart on yesterday’s video… The tick index can be another indication of which way the market is moving. Here’s how I have mine set up… The following are the tick index symbols on TradeStation: $TICK – NYSE Tick ($TICKC – NYSE Tick Composite) $TIKI – DOW 30 Tick ($TIKIC –…
