Volume in the S&P 500 has been steadily declining for the past 90 days or so, but the long trend has stayed in place.  The most important lesson this week is to become dissinterested in the market when it’s choppy, and push for profits when the market has strength and is respecting areas.  It’s so simple, but on of the toughest things to stick to when trading.

For the past couple of weeks we’ve been begging people not to buy into the perma-negative commentary on the news.  In fact, if you’re trading intra-day watching the news is one of the worst things you can do for your discipline.  A lot of traders have been trading short, and keep getting squeezed.  Remember, what’s popular is usually wrong.

This entry was posted on Friday, February 3rd, 2012 at 2:26 pm and is filed under Market Forecast Videos, Trade Signals. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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