So as discussed in our previous video, the nasdaq continued to fall. This was expected. So what do we do now? It can be daunting waiting for what might be the "recovery leg" but in the mean time a constructive thought process would be to establish a plan of attack - for when that recovery leg really happens. In this video I'll discuss a simple basic approach both...
When we grow up we often look at disciplines as being behind an "education wall". While this might be the case, I believe being a trader is its own discipline and the education is vastly self-driven and done through the free university hosted by Mr Market.
Often times we find ourselves staring at the futures or the pre-market before the actual markets open. Is there a point? And why does it matter whether we have an opinion about the futures or the pre-market?
People sometimes get lucky or for whatever reason spends months or years trading with no defined system. When we get volatility like today all of a sudden they panic and can sometimes find themselves liquidating positions they may have built over months or which they may have entered yesterday. While this might be the appropriate reaction, the more important...