On a week like this when the trading is expected to be so light in front of a major holiday (Labor Day is next Monday), it’s easy to forget something very important…
Anything is possible.
Literally anything can happen in the market at any time. Just because the big boys (funds) have been away lately doesn’t mean an appearance is out of the question this week. The recent lack of volume indicates a distinct absence of institutional trading which could easily continue this week, but stay on your toes just in case.
Good trading involves continually evaluating the environment. That also means finding the right balance between expecting more of the same and watching out for potential changes to come along. It requires our objectivity [1], not only with our own trading process, but also with whatever big-picture market conditions we find ourselves in.
While I’m not looking to make any big, bold bets this week, it’s still a good exercise to remember that a big move can always happen if the conditions are right. Which is part of what excites me about trading to begin with.
So regardless of whether you’re bullish, bearish, or neutral, remember this week that anything is possible. Stay sharp out there if you’re pushing buttons, because the competition is present and will pick you off your perch if you show up without your game face [2] or aren’t paying attention!
Trade well this week,
Jeff White
President, The Stock Bandit, Inc.
Swing Trading & Day Trading Service
www.TheStockBandit.com [3]
[tags]Stock Market, Day Trading, Stock Trading, Investing, Swing Trading[/tags]