Today is Thursday January 5th, 2011 and have a video of some of the first trades of the year. I did take a few trades on Tuesday and posted them on my previous blog post, but here we have two days of trading with some of the market turns traded and shown.
It is important to know that the trading indicators I show are only a small reflection of the trading method and do not make up the method itself. The price action is always first and will always be first and is the reason to learn and understand price as it relates to future movement.
We are starting a new trading year and with it are opportunities for those that see them. Every day is a new beginning for traders and that is how it should be looked at. Yesterday may have had trading lessons but the right approach is always moving forward from where you are today. Learn from the past, but do better today is a simple approach but a healthy one.
To many traders get stuck in what they did wrong yesterday and carry it over into what they are doing today. That can be a drag on your outlook and thus results. We all have the ability to “Choose” to make things better, better than it was in the past, but we need to get over the past, as not doing so will result in that mental drag mentioned above.
Choose to make this the best year of your life first, then choose to make this the best trading year of your life. The first one has to come first to allow the second one to become validated.
Taking action that will move you towards your goals is the first step. Think it out on paper, be realistic, and be sure not to get stuck in the dream state. Action is tied to a plan, is the way to start out the year and remember to exercise your mind because that is the “engine” that will take you there. Think about it.
I wish you all the best, Vince
P.S. A screen shot of today’s trades in case you don’t have time to view the video above. This does not have the large move short I was looking for at the close of yesterday but does include the two nice moves I picked up in today’s session.
Related posts:
- Day Trading Indicators Reflect Price
- Trading Indicators only Reflect Price
- Trading Indicators Reflect Price part 2
- Price Action Trading & Trading Indicators
- Trading Indicators – Part Two
Tags: first trades of year, market turns, Price Action, trading indicators, trading method
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