Help A Dealer Make A Car Payment Will Ya?
What can you say about a day when the spread is 5% of the total range? What can you say about a day where there were 7 5M candlesticks greater than $2 / oz, and yet the range [outside of the first hour of trading late Sunday afternoon] was about $7?
It’s easy! If you traded today, you helped a dealer make a car payment. Now, don’t you feel better about yourself?
I have seen more professional traders get seriously hurt in markets like this and compound their problems as the day wears on. The reason you walk away from these types of days is because you can’t make money back if you have a losing trade.
We get back to normal tonight, and when markets stay tight for an extended period, they usually break out with a bang.
Have a good day everyone.
-vegas
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