If you were trading this morning the market atmosphere was like this:
If you were still trading this afternoon it has been like this:
The point is, keeping emotions in check is imperative to successful swing trading. If you don’t do that, you’ll never succeed at your craft. I’ve seen far too many traders get short when the SPX was down 20+ points today thinking or better yet fearing they weren’t going to be a part of the sell-off. Now they are left covering their positions as they get slaughtered by the bull rally that is ongoing.
