Set a Modest Goal in Brutal Times + Weekly Update
Well, no doubt you have all noticed, its been a slow week! The VIX is near the record lows and by the looks of it, trades have been hard to come by! We normally see 20 trades an hour – and now we’re just seeing 4 or 5!
Fortunately the trade we’ve been trained to spot and execute have mostly been winners so we’re still able to trade for the main goal here: Daily Income.
We trade for daily income so we don’t have to trade all day long.
The truth is that trading in this environment is like watching paint dry… it is BRUTAL.
Therefore, again, as Tick Traders we set our goals at a modest 1 point profit per day – and we’ve done it all week!!
Keep disciplined, stick to your rules and leave the emotions out of your trading and you should do well!
I’m off to enjoy the weekend! Get some rest and let’s rock next week. 🙂
Cheers
ETS
VIX
VIX is the ticker symbol for the Chicago Board Options Exchange Market Volatility Index, a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index or the fear gauge, it represents one measure of the market’s expectation of stock market volatility over the next 30 day period.
(from http://en.wikipedia.org/)
