I saw a headline saying risk assets were under pressure, bonds were being sold off, and oil prices were surging. My first instinct was to jump in. My second was to remember how that went last time—so here’s my third instinct: sit tight for now.
The market has no shortage of “I knew it.” What it lacks is “I made money.” The gap between the two is probably my trading history from last month.
My approach is simple: watch a few candles first. If the news is really a catalyst, the market will speak for itself; if it’s just noise, it’ll quiet down after a few candles. Telling the difference is worth more than being half a beat early.
I’d rather be half a beat slow and understand what’s happening than rush in half a step early to chase the excitement. After all, the year I chased the hype, I never caught up with it—but my wallet did get a lot lighter.
#SIMD
The market has no shortage of “I knew it.” What it lacks is “I made money.” The gap between the two is probably my trading history from last month.
My approach is simple: watch a few candles first. If the news is really a catalyst, the market will speak for itself; if it’s just noise, it’ll quiet down after a few candles. Telling the difference is worth more than being half a beat early.
I’d rather be half a beat slow and understand what’s happening than rush in half a step early to chase the excitement. After all, the year I chased the hype, I never caught up with it—but my wallet did get a lot lighter.
#SIMD