S&P  500 Futures Trading Blog

Ramblings About The Financial Markets

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Free trading tips and strategies for stocks, options, commodities, and futures markets from real traders.

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Only Your Trading Chart Can Grow Your Account

Wednesday, 12. April 2006
2/23/06 $25,000 - Current $27,162

This "difficult" geo-political trading environment is brutal is you don't have a real plan. It is one thing to know trading methods and techniques, its quite another to practice them in every circumstance. Every individual learns about trading techniques and then adopts the techniques to fit their own personaility and temperment. This process may take years, unlike the 30 minutes often touted in advertisements. 


Back to the matter at hand. The S&P 500 Handed out a lump of coal in the last session on heavy volume. Every support level was penetrated leaving the market in a precarious spot if your a bull. The chart puts us in sell mode due to all the selling pressure, but there is no setup and the market looks oversold from here. In a 20 minute analysis there is no way to put a trade on in this environment. Stay flat.


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