Hello traders everywhere. As we start this shortened trading week with Thanksgiving coming on Thursday, I thought it would be a good time to give thanks to you for your business and the trust you have placed in our company and services.
You may have heard the expression, "the more things change, the more they stay the same" and that same metaphor can be applied to today's markets.
A market can only do three things, it can go up, down or sideways, that's it! How many things in life do you know that are that simple? The problem we have as human beings is that we tend to overthink situations and the market certainly is a subject that is made complicated by overthinking.
This week leading up to Thanksgiving I'm going to feature a series of lessons to help get back to the basics and understanding what moves a market. Starting today, I will feature two lessons for you to watch and learn from. It doesn't matter if you're a novice trader just starting out, or a professional trader, sometimes it is just good to go through the basics to understand what makes the markets move.
The lessons come from a series of videos I did titled, "Traders Whiteboard." There are six lessons in all and we will go through them all by Wednesday of this week.
Here are today's two featured lessons: Continue reading "The More Things Change, The More They Stay The Same"