Different Kind of Game
October 17, 2006
It's just unbelievable how the tidbits of information out there on the internet can sometimes be so useful. I was reading Lloyd's blog and his short post today really was insightful. He stated that this is a "fundamental" week due to the plethora of economic releases. Because of this, he believes that the trading environment created is beneficial to both position traders and scalpers. He is not good at following trends or scalping and is mainly a momentum trader who likes to trade the short-term breakout.
Maybe I find this so insightful because this is exactly the type of trader I am. I think reading this just threw this fact into my face. I feel pretty lost when the markets are in a trending environment. I have no idea when to get on and when I do get on, I usually get caught in the minor retrace and stopped out. This happened to me this morning.
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