Today I sat back and did not trade. There were a few trade opportunities but overall they were not that good. Lots of news came out early in the day, unemployment skyrocketed, and since that the market has not moved enough to create positive chances to trade. If you have not noticed a lot of what I am trading is based on pullbacks and trends.
There were chances to get little profits here and there but you must remember the risk has to be worth the reward. Ideally, you want to have the most minimal amount of risk and a very high reward.
I have talked about this before, don�t force your trades and most importantly manage your risk!
If you have any questions or comments on the blogs please feel free to ask and I will respond.
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