Perfect time to be a day trader!!
Dont let the news anchors scare you just because they may be. All the people on TV are talking of these markets as hard to read and unpredictable. As a trader these markets are Candy Land, trends are long and there are many signals a day opening up the risk reward opportunity.
Just for fun put yourself in a brokers shoes. Your analyst tells you that stock xyz or commodity for that matter looks like ag great buy so you open the terminal and jump in. 5min later you are up 10min later you are down and these swings are ten times what they were a few weeks ago. Even if you are a long term holder your clients will most likely call and ask what with all the volatility. The end result is, brokers are only salesmen and (most) cant trade themselves out of a paper bag. (and in no means am I knocking them) While the few that are profitable traders smile all the way to the bank.
Have a great day!!!
Tags: min, news anchors, Perfect, profitable traders, stock xyz, talking
This entry was posted on Thursday, August 11th, 2011 at 7:40 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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