My latest piece at TraderPlanet.com just went up, here’s a portion:
It’s difficult to not get consumed with the fast pace nature of trading. With CNBC, Twitter, and thousands of blogs pitching you the next quick buck, how can you not get trigger happy?
Sticking with your trading plan is critical to long-term success in this ever-changing game we call the stock market. Finding a trading system or approach is important before even placing that first trade. This doesn’t mean signing up for 30 different penny stock newsletters that promise daily 300% gainers or following those on Twitter preach their best performers but oddly don’t mention the other positions they took losses on.
In the rest of the article I go into some of the potentially important levels to watch in the S&P 500 once it breaks out of the rising channel.
Go read the rest here: Wait For Your Pitch, Then Swing For the Fence! (TraderPlanet)
Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see my Disclosure page for full disclaimer. Connect with Andrew on Google+.
