OUCH!!

Just read Jules in Jumbles blog where she referenced this post from Dr. Steenbarger. Note my comment in the previous post about why I wouldn't just trade the last hour of the day as that is where all the money is. My answer was, I might miss a trade.

Then I read this.

Again, ouch!

1) Patience - "The ones who are afraid of missing moves, who chase moves as a result, are getting hurt. The ones who wait for clear signals and good reward-to-risk opportunities can take advantage of the volatility. The successful traders aren't afraid of missing a move; they know, in this volatile environment, other opportunities will arise." Dr. Brett Steenbarger

Stupid Doctors, think they know everything.

I added Dr. Steenbarger blog, Traderfeed, to my blog roll. I had his web site in my list before, but he only uses the blog now, so there it is.

Click on this post's title for a link to his article, Five Trading Behaviors I'm Seeing Among Traders Making Money Now.