I Blinked and Missed It All
November 22, 2006 by Trader Rich
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I didn't open my charts last night but this morning was amazed at the moves the market is making. I guess amazed isn't really the word… It's really that feeling you get when you really missed out on something big. Yesterday, I decided to put trading off until next week. Unfortunately I missed out on a huge H-system trade today and others. I guess in hindsight it's easy to say what could have been but it certainly is frustrating. In fact, there is nothing that burns me up more than when something like this happens. It just goes to show how I really have to put the following phrases out of my head:
- "I think the market is going to…"
- "There is no way the market is going to…"
There is no predicting what's going to happen next with anything. I think it's better to just go by what the data is giving you at this very moment and make a decision based on that.
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