This blog is geared towards improving my trading knowledge and recording my trades. I am not licensed to give financial advice. Trade at your own risk. It is your fault for losing in this money game.
Tuesday, January 24, 2012
I read an article that said the market has been going down because of Europe's debt problems. So i check the chart for SP500 to see how bad. Im expecting to see a big down bar and potentially a stop out since i "entered" a long trade about a week ago. From what i see on the chart, i wouldnt even consider price to have "gone down". The chart looks great and i would describe it as - price has steadily risen since i went long. Financial news is terrible. You would have to be emotional and gullible to believe any of it. Keep going up S and P.
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