A common trait that many good traders have is patience. Achieving patience is easier said than done. Some people are naturally patient and some really have to work at it. There are some definitions of patience that particularly apply to trading. One such definition is “an ability to suppress restlessness when confronted with delay.” Many traders express restlessness when their trades are not making money immediately after entering a trade. Or even worse, would be their trades start losing money immediately after entering a trade. Part of the problem is […]

Market Woes The S&P dropped another 10+ points today on pace for its second losing week in a row, after establishing an all-time high. Most of the concern in the market is due to the situation between Russia and Ukraine. If this conflict can get resolved, you should see the market returning to the bullish trend that it has been in for the last 3 years. Even without the uncertainty in Eastern Europe, the market was in the need of a breather. A nice pullback is always a buying opportunity […]