May 23, 2012
- in Uncategorized by schooloftrade
Day trading strategy for sloppy and sluggish markets; stick to your trading plan
This morning was definitely one of the more challenging days we’ve seen in a month or two with very low volume, inconsistent market personality, and a lack of confidence from markets such as the dollar index, E-Mini-Russell, Crude Oil and gold futures. We earned over 100 ticks today and made almost all of that on only 2-3 trades. A great example today of how important it is to follow your trading plan. When times get tough, you need to have confidence that if you follow your plan you will end up on top for the day.
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