When trading on emotions, news events, market rallies, etc is like trading on a wish. There is no basis for the trade but “the moment”, and slim odds of winning.
Without a trading plan no one makes money. The way to be certain of being profitable is to have a strategy for entering and exiting position and follow rules on a timely basis with out hesitation. Only these who follow a plan consistently make the winning trades.
An important question to ask yourself, is do you want to be right for a short time or make money for a long time?
Ignore the news, wishing will not help, just a successful trading plan will make a successful market timer.
Visit TimingsSock.com for market timing signals and other stock market tools.
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