Daily Alert – Wed 28 Aug: Don’t trade for the sake of it

Mark NugentAug 2019, Daily Alert

Daily Alert – Wed 28 Aug: Don’t trade for the sake of it

We are seeing a real post-G7 lull. Equities are range bound and there is little volatility in forex. It’s best to remember that we only take the very best trades. That’s those trades with multiple reasons for getting in, and fewer, or no reasons for not getting in. That’s why I always write down these reasons before entering a trade (apart from my last S&P500 long where I didn’t do this, and lost).

There is little going on at the moment but next week ushers in a new month, everyone will be back at work, and things should return to normal, whatever that is these days.

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