8/05/2009

Who Am I

If I'm the "weakened animal" Satyajit Das is talking about in Traders Guns & Money then I guess I'm ok with it. Although I could be the hyena, no let the institutional traders be hyenas, I'll be the wolf.

The reality is I'm too small a trader for anyone to notice, and that's just fine by me. I'm not leading the market, I'm following. Unfortunately that does make me look more like a hyena then a wolf.

Oh well.

1 Minute Soybean Charts

2 Minute Crude Oil Charts

5 comments:

daytrader233 said...

The magic blue bars on beans and oil...nice trading Solfest!

Solfest said...

Thanks DT.

I am catching most of these moves, the key for me is can I stay flat when this volatility comes to an end.

No blow up days, no revenge trading. Take what my system and the market gives and stay patient.

That is why I am limiting the number of live trades I take in the day. I have the risk reward down pat in each individual trade. It's the daily/weekly/monthly stats I have to watch.

I'm talking to myself here.

daytrader233 said...

As long as you don't answer yourself it's okay. :-)

NQJ said...

Nice trades Sol. Blue sure looks good :-)

Solfest said...

Thanks NQJ. Trading in a powerful trend makes you look smart.

Trading without a power trend..... not so much.

I've done both.