October 5, 2015

Sometimes doing nothing is better than doing something

Repeating for emphasis: Most players should sit on their hands and let the market's testing process complete itself.

Frenetic and daily trading is not for most people. As I've written previously, it requires and emotionless and detached sensibility and a willingness to be a contrarian -- buying during periods of meaningful pressure and selling or shorting when the market is ebullient.

A basic tenet is to ignore the business media, particularly those "experts" that are self-confident in view despite the possibility of numerous different outcomes and a heck of a lot of uncertainty. Instead, you must remain independent and flexible in view.




http://www.thestreet.com/story/13310850/1/a-fed-without-memory-a-market-setup-to-shun-best-of-kass.html

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