Morning Commentary Friday July 9th

by Mark Fenton on July 9, 2010

The psychology of trading will be a topic at our upcoming reunion. Quite a timely topic given the whip sawing market we have endured the past few months. While there will be more in depth analysis at our reunion there are a few things I gave learned over the years. First, have a plan and stick to the plan. This can keep impulsive moves in check. Secondly, enter the market closer to expiration in the cycle and take quicker profits. Tightening the noose when you reach double digit gains can help in preserving gains. Getting some “wins” in your column can give a much need confidence boost.

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