be prepared
I have found more than ever before, that what serves me most in the daily challenges of the markets whims to
be prepared
following this principle has allowed for a reduction of tool kit with which to meet the daily execution and as such to be light-footed in my data evaluations in real time
this clarity granted is mostly due to the focus on the "what not to do sheet":
after a focused daily call
and in addition a constant and consistent reevaluation of charts with a top down approach in time frame to not get stuck within an opinion but through refreshment of charting keeping the mind clean/clear
and be free to change my mind about the markets within a moments time if necessary
I am posting this since I see a logical possibility that the upcoming six month might bring out a high degree of variability within markets
paired with the market mirroring the state of affairs of the world and those to be in turmoil to put it mildly it would come as no surprise if we might face market conditions rarely seen and certainly not experienced in my life time and as such for a trader coming from a credo of ultimate risk control to be not just open minded but very fluid in his actions to align with market expansions and contractions of price movement.
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