With all the data flying around each day – it’s near impossible to put everything in neat little compartments, all organized and understood. We see markets rise on “bad news” and sell off with the good, then do the complete opposite only a week later. We’ve got the “fear of war” one day, then the “celebration of peace” the next. The market is a meat grinder, and unfortunately – you are the beef.
So when the short-term / intraday day action isn’t providing much opportunity – what’s a trader to do?
How can you feel that you’re “moving forward” when the day-to-day grind is doing nothing but frustrating you, and possibly grinding your account to dust?
Step back. Re focus, and look for the things that “you can make sense of” – and start working out from there.
A simple example of what “I’m doing” while I sit idle in a number of trades that are essentially “going nowhere fast”. I ask myself…..Kong….what “do” you know? Where can you focus your energy as to keep this thing moving in the right direction.
I immediately turn to the fundamentals.
Do you agree with me ( after everything you may have read / researched as well ) that China is set to slow in the following year / years?
I can’t be bothered to go over this again but encourage you to read this simple breakdown, then get back here.
We’ll outline some trade ideas next.